MacFarlane goes Meidas (f*ck CBS)

[Bluetus]

10. The legacy media is finished. They just don't know it yet.

Last edited Wed Mar 25, 2026, 07:50 PM - Edit history (1)

There is still money in entertainment, but the days of providing news and shaping national opinion are waning.

It won't disappear completely for a few more decades, just as we have a few newspapers still doing news. But people are moving to other sources for information. Meidas is positioning to be a prominent source as this evolution continues.

They have over 6 million subscribers on Youtube. They are approaching a million on Substack, plus some amount across the podcast channels. I don't know how this equates to a DAILY reach, but it is certainly ALREADY on a scale similar to the legacy teevee networks.

A key point is that, in the new media universe, content and distribution are two different things. In the legacy days, Walter Cronkite was the content and he was on one channel. In this new media world, the content reaches audiences through many different distribution paths. People like Larry Ellison are still thinking in legacy terms -- to own the network. But the networks are becoming less valuable.