I'm considering all the time Abraham Lincoln spent reading in his youth (one of the more documented examples of his time). That was offset by splitting fence rails, tending livestock. and generally getting done all the things that pre-industrial life required on a daily basis. Even as one famous for his bookishness, Abe spent very little of his day consuming media, for fun or otherwise.
Compare that to the amount of time spent on media consumption today. Seriously?!?
I think the main complaint here is that "books" are not being read, ignoring all other forms of media. That's fine, I prefer reading to watching myself. I read hundreds of actual books a year, and have for decades. Almost all are for fun, and the form nowadays is almost always an ebook.
While I do agree with Mark Twain ("A person who does not read has no advantage over one who cannot read"), I would substitute "learn". Whether learning from a well-researched and written book (fiction or non), or from an artfully-crafted entertainment video or documentary, learning should be the result.
Yes, most "content" is garbage. We get what we ask for, after all. If you doubt that, create a new online persona that inquires only about classical literature, and see what kind of suggestions populate your news feeds.
Reading for Fun? Absolutely my preference. But then, I never got hooked on TikTok. Crack either, for that matter, as though there were a difference.