📈 The intermediary layer of traditional media is being dismantled

“And literally from the tens of billions of dollars to basically single digit billions today over the last 20 years, which effectively means traditional media's revenue source is going away. ... But if we had to put a label on this, this is the dismantling of traditional media. It is happening in real time.”

“And so, yeah, I mean, so this is why we have to hear from experts directly. I think it's why it's the decentralization of media. ... So it's this is definitely the way things are headed.”

“Trump today, in one day, is worth more than two times the New York Times. ... And I think this is going to really shake up the media landscape.”

“I would encourage everyone to stop using the term the media or even the term mainstream media and just recognize that there are specific outlets that are on their way down. Yeah, these are content companies that need ratings. They used to be the monopoly and they're no longer. And, you know, they're like yesteryear's news. And it's just, you know, it's like complaining about, you know, whatever, pick any industry that's been disrupted. But they are and will be further disrupted by kind of direct to source fat gathering.”

“You're right that the let's call it the corporate media, the big media corporations, their prestige and esteem and the eyes of American people have and their credibility has never been lower. It's gone.”

“It just speaks to this ongoing fact pattern where the media is at a point where they are at a very much a low point in their trustworthiness, their ability to fact check their ability to stick to the truth. I think it's been undone.”

“New York Times and CNN are crumbling.”

“They are not the paper of record anymore. Direct is the new. The internet is the paper of record.”

“there was an article in The Washington Post that I put into the group chat where The Washington Post article was effectively like Washington Post forced to revisit journalism practices because of falling click-through rates and lack of viewership.”

“And I think we'll see a lot more of this kind of like Twitter going direct type of activity happening in the years ahead.”

“He is the biggest figure in independent journalism. He gets 11 million viewers every week. ... And the same week, we saw that Tucker Carlson now gets more young Democrats listening to his show than CNN and MSNBC. And I'm telling you, this is the reason why.”

“the corporate journalists like Axios, they don't make a lot of money. What they have is some degree of status, but more importantly, they have influence. That's why they do those jobs. ... and their influence is enhanced when other people don't have the right to speak. And the reason why Elon is a supervillain in their eyes is because he's going to give the people their right to free speech back.”

“Jason, they can't because they lose power if Elon wins and gets control of Twitter.”