Trish Regan hosts a live New Year's Eve broadcast from the Swiss Alps, warning that ABC, MSNBC, and CNN face existential threats as 5 million Americans cut cable cords and The New York Times subscriptions plummeted 13% to 267,000. She argues these outlets rely on outdated models while promoting disinformation regarding the Wuhan lab theory, Biden's cognitive decline, and Jimmy Carter's claims about Trump's legitimacy. With Comcast spinning off MSNBC and audiences shifting to YouTube and Rumble, Regan concludes that legacy media's irrelevance stems from bias and obsolescence, urging listeners to adopt her newsletter, 76research.com, for trustworthy financial and current events analysis. [Automatically generated summary]
Transcriber: CohereLabs/cohere-transcribe-03-2026, Qwen/Qwen3-ForcedAligner-0.6B, sat-12l-sm, and large-v3-turbo
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Mainstream Media's End00:06:30
Hello, everyone.
Welcome to a special edition of a live New Year's Eve show from the Swiss Alps.
Yep, yep, that's why it's dark here.
Maybe light where you are.
I had actually hoped to be able to show you the Matterhorn here, but well, so much for that.
The sun is going down.
It goes down quickly.
You may hear some fireworks outside.
You may hear some people yelling and kids screaming.
Those might be mine.
They're on the sledding hill right about now.
But I wanted to come to you on this very special New Year's Eve.
As we close out 2024, we look ahead to 2025, and we think about all the good things that are going to be happening.
I mean, at least for those of us that are maybe conservatives, for those of us that are over here on the streaming side of things, because I'm going to just tell you this this is my prediction.
You know what?
It's the end of the line right now for mainstream media.
Legacy media, as you know it, I mean, we've been saying it's dead, it's dead, it's officially dead.
And I don't know really what's quite going to be left of these networks, these behemoths, these longtime legacy operations with their massive news gathering operations.
Propaganda operations, shall we say.
I don't know what's really going to happen to them.
I think it's going to be pretty tough.
I was just looking through some of the numbers and I want to share with you right now.
Do you know that 5 million people cut the cord on cable last year?
You know what?
My family was one of them.
We finally did it.
You'd think, you know, me being streaming that I would have done that earlier, but it took us a little while.
We had to figure the whole thing out.
And sure enough, we saved a whole lot of money by cutting the cord.
It turns out you can get football and stuff like that on YouTube too.
So we cut the cord along with 5 million other people.
That number is going to grow and grow and grow.
It's one of the reasons why MSNBC is spinning off away from the parent network because Comcast knows this is not the future.
This is not the future.
Comcast doesn't have a future with cable anymore.
You think about all the layoffs that happened at CNN, at NBC, at Vox.
And guess what?
There's plenty more where that came from.
Thoughts now that ABC is going to be experiencing massive layoffs, the Disney owned company that, frankly, Finds itself in a whole lot of trouble, in part because guess what?
The FCC controls those airwaves that they're on.
It's actually different than cable in the case of network.
And the FCC, now run by Brendan Carr and Donald Trump, they're not such big fans of Bob Iger, Disney's, ABC, or Whoopi Goldberg, or George Stephanopoulos, or David Muir, or any of these people.
So ABC is kind of up a creek without a paddle.
And then you look at some of these numbers, and this just blew me away.
First of all, I did not realize that subscriptions were this low altogether.
Take a peek here.
Let me see if I can show you.
Oh, yeah, New York Times, print circulation.
It plummeted to 267,000, down 13% in 2024.
Guess how much it's going to plummet in 2025?
A whole lot more.
I mean, only 267,600 people are getting the New York Times every single day.
And then you get the Wall Street Journal, which is faring a bit better because at least, you know, it's covering something specific.
And it tends to be, dare I say, I mean, they have their own biases there too, but.
Financial journalism, having come from that world, I can tell you tends to be a little bit less biased because you know what?
The stock market's going to go up, it's going to go down, and no matter what, you want to make money.
So you can't be overly political in that genre.
Wall Street Journal has done a little bit better, but it still fell, actually more than the New York Times by 14% to 555,200.
The LA Times, very slim publication there, reading the LA Times, fell to 105,700 people.
Apparently, this is one Twitter account that's writing, you know what?
Turns out preach into these empty rooms.
Does not pay the bills.
We are the media.
In other words, you, me, everyone out there, everyone on X, everyone on YouTube.
Where do young people get their news today?
YouTube, Rumble, maybe Facebook here and there, although Facebook wants to do less and less with news and more and more with entertainment.
So people are coming to new news sources.
And this is one of the reasons why we've done so phenomenally well here.
Do I have my subscribe?
I do have the subscribe button.
I wasn't sure if we had that up.
See, I'm wearing black.
It's like a funeral for mainstream media here today.
Make sure you subscribe, share, like, all that good stuff.
Yeah, this soundbite, I meant to show you this the other day.
So forgive me for not showing it to you as soon as it came out.
This was said by one, Jennifer Rubin, maybe about three days ago, where she sat down for this panel with Kellyanne Conway's former husband, George, you know, the never trumper.
And the two of them are talking about the demise of mainstream media and how bad it is.
And Jennifer Rubin, who used to work for the Washington Post until, well, she became too biased for the Washington Post, which tells you something, right?
Jennifer Rubin is trying to point out that, oh, you know what, all those Trump people, those MAGA people, they're illiterate, basically.
She goes right back to the well with that.
Song and dance.
And she's like, there's no point in even trying to get them as a newspaper subscription because you never will.
Look, I got news for her.
Plenty of people are subscribed to Substack.
Plenty of people subscribe to newsletters, including my own, 76research.com.
Shameless plug in there.
76research.com, you can get it for a dollar a month.
$1 a month goes to $9.95 after the first two months.
But you can cancel anytime.
No harm, no foul.
It's all about financial markets and investing.
But let's listen to Jennifer, who somehow thinks that people who are conservative, who like Donald Trump, don't know how to read.
Why would.
ABC, Disney, the mouse who has more money than God, settle with Donald Trump?
I honestly don't know.
You know, I've asked why would ABC, but people ask me all the time why is the media so lambsy pampsy?
And there are two explanations.
The one is they are convinced that if they would just move a little bit to the right, all those MACA readers out there, now you'll notice the Contradiction in terms, MAGA readers would pick up the Washington Post and they would have more readers.
What is the logical fallacy here?
Yes, reader.
And there is nothing that the Washington Post could possibly do that would have those people take out a subscription.
But they're convinced they're in there someplace.
Why We Trust No One00:02:42
But, but, but, but.
You heard where she was going, right?
Whoa!
I mean, she just kind of wants to just give dig after dig after dig after dig.
And somehow those people, they're never going to read anyway.
So why would you even bother?
Again, I have news for her because they are reading.
They're just not reading what you write, Jennifer.
And they're not reading what the New York Times writes or what the Washington Post writes or the LA Times because it's nauseating.
All right, it's gotten exhausting.
We're tired of the same old song and dance.
We're tired of you basically lying.
I mean, I don't know how to say this nicely.
That's what you guys did for some eight years.
I mean, we had Russia, Russia, Russia.
Then we had to hear how, oh no, that laptop, that was bought and paid for by the Russians and brought to you courtesy of Rudy Giuliani, that had nothing to do with Hunter Biden, who Joe just pardoned after he promised, and you all swore in your editorial pages this would never happen.
After he promised he would never pardon him, what did he do?
He pardoned him, and like thousands of other people for that matter, with some serious criminal records.
So I think Americans are just kind of sick and tired.
Of reading the same old song and dance and not being able to actually get any truth.
I mean, another great example is the COVID thing.
We just did this on yesterday's show.
You had Robert Redfield, former head of the CDC, now telling us, hey, look, this was a deliberate squash operation by the intelligence arms.
The intelligence, the U.S. intelligence, he believes might have even had operators over there in the Wuhan lab, and they didn't want that information to get out.
So they immediately squashed it.
You couldn't talk about the virus maybe having been created.
In the Wuhan lab where they were doing this gain of function research.
So they lied to you yet again.
And not only did they lie to you, they lied to the President of the United States, Joe Biden.
They refused to even tell him how bad his polls were or that there was some intelligence that suggested the virus could have come out of Wuhan, China.
I'll let you in on a little secret.
Those of you that subscribe to the show and watch regularly, you may have heard me say this before, but I knew in February of 2020, I had heard through very good sources that were highly connected to the administration.
To Intel ops within the administration and to China, that it was believed the virus had been created in this lab in Wuhan, China.
And it was not deliberate.
Like I should caution, you know, it wasn't deliberate, but they felt very strongly that this had been a mistake and it had gotten out.
So I'm hearing this in February of 2020.
The country shuts down in March 2020.
In May 2020, President Trump alludes to, yeah, you know, maybe there's been some intelligence that suggests that it could have come out of Wuhan, China.
The Wuhan Controversy Explained00:07:00
And guess what?
Everybody goes nuts.
Next thing you know, Nature Journal is totally trashing him.
Anthony Fauci trashing him.
Boom, And they're using this as an opportunity to take him out, saying he's lying, saying that blaming China is racist, et cetera.
You know the drill.
Only it turns out, now we know, yep, sure enough, came from China.
So, no, Jennifer, you know what?
It's not that people can't read, people don't want to read lies.
And that's what has happened.
And so you've seen these subscriptions drop.
Massively.
And it's going to get worse and worse and worse, if you would, for the mainstream media.
In fact, my prediction is that some of these mainstream media outlets, they're just not going to exist anymore, at least not in the current fashion that you currently see them in.
One being, oh, I know, everybody's favorite show, The View.
So my prediction is in 2025, I would not be surprised, ladies and gentlemen, to see Joy Behar and or Whoopi Goldberg exit The View.
I wouldn't be surprised if the entire show goes off the air.
It should.
It should go off the air because, frankly, it's hazardous, shall we say, to one's health.
It's a pretty terrible show, as you well know.
And the kind of disinformation, misinformation that's being spun there every single day is just atrocious and irresponsible.
And they know it.
I mean, this is why Joy Behar, in my estimation, has put her house up for sale for some, what, $10.5 million for her little 4,000 square feet.
I say little, 4,000 square feet for the Hamptons.
You know, I mean, the Hamptons where everybody's got 11,000 to 20,000 square feet.
She wants $10.5 million for her 4,000 square feet.
Don't let Leticia know that.
Leticia James, you don't want her getting in the way of that transaction.
She may tell you, Joy, that it's not really worth that.
Or for all we know, since she loves you, since you're a liberal, maybe it's worth $100 million.
Anyway, Joy Behar has put her place up for sale.
Whoopi Goldberg is suddenly muzzling herself, saying, Well, I'm going to wait and see.
I'm going to wait and see.
You know that that is the producer in her ear saying, Don't you dare, because these ladies are on thin ice.
And they know it.
They're freaking out because the media has changed.
Oh my gosh, there's this guy named Joe Rogan.
And people are actually watching some guy named Joe Rogan.
Take a peek.
People want us divided, and they aren't just here in this country.
There are foreign adversaries who are infiltrating our social media because it is.
Prudent for us to stay that way.
When you see something that really pisses you off, you should triple check that one.
Yes.
But I think that that's why people like our show, because they know that we are checked by ABC News.
We're checked by everybody.
Yeah.
I mean, if we're wrong, we have, you know, the legal note here.
The human legal note?
We went from Walter Cronkite, basically, to this guy, Joe Rogan, who believes in dragons.
I checked it.
He believes in dragons.
He believes in dragons.
Did you triple check?
Yes, I did.
And he also thinks.
That dragons, like I guess like dinosaur type of animals, roamed the earth when people did.
So, this is the type of really, really bad information that's going out there.
Well, it defends there are some really good news.
It's possible that Donald Trump did roam the earth when dinosaurs were here.
There are some really good news kind of influencer types, and I think it's great that they're getting information about global and current events in front of younger people who maybe don't tune into traditional media.
But to Sarah's point, there has to be some fact checking and actually verification of the things that are shared, because I spend a lot of time on Instagram Reels.
And I'm served up things that I get outraged about.
And then I realize, oh, that's not even true, but I have the sense to go and look it up.
But what I do worry about with this, like the blue sky versus X, because a lot of people I follow on X Twitter have now left to go to blue sky, I worry we're all going into our own echo chamber.
So we had this election that was tense.
Donald Trump won, and the right is going to stay on X, and then the left is all going to be on blue sky.
How do we try to talk to each other?
Well, unfortunately, I will have to say the other side, I think, has driven.
People away because you, it's you know, it's not just discourse, it's nasty name calling and coming after your family.
I'm going to do this to you, and I don't think anyone should have to take that from anybody if they don't have to.
So, I'm not sure.
And I think a lot of Republicans who also are getting that because they have opinions.
I'm sorry, this is like pot calling cattle all day long.
I mean, they're like, oh, you know, name calling this, that, and the other.
Excuse me, has anyone heard of cancel culture?
What do you think we've been through for the last four years in the name of unity, in the name of DEI, in the name of, you know, you can't say this or that about anybody?
It has gotten insane.
But you heard Joy Behar basically say, oh, you know, she can't understand how anybody would watch.
Yeah, this guy Joe Rogan.
I mean, he's just terrible.
He believes in dragons, totally taken out of context.
He had like some discussion about dragons having roamed the earth at some point or some kind of animal that resembled something like that.
Okay, so totally taken out of context.
And Joe was funny about it.
He actually had an amusing reaction, which would be the same as mine.
In other words, your company is going out of business, your show is going out of business, you're about to lose your job, you're freaking out because podcasts are taking over, streaming is taking over, and now you're just going to extremes.
Worried about losing your job and you're worried about podcasts taking over and who's the source of news.
And we said Donald Trump is Hitler, but half the country disagreed with us and he won.
And this is great.
And Joe Rogan believes in dragons.
We should watch that again.
Joe Rogan believes in dragons.
I mean, look, there is a hysteria to everything that they're saying.
But even though there's all this hysteria, right?
Even though they're like, oh, you know, Trump is this, that, and the other, he can't win, he can't possibly win.
Well, he won.
He won, and the entire time when they were talking about how awful he was, and frankly, making comparisons that, in my estimation, were just so, so sort of fundamentally, ethically wrong to make, insulting to history, insulting to the people that died in World War II, the people that were slaughtered in World War II.
When you start comparing Donald Trump to Hitler, I mean, you lost me.
I'm sorry, you have just lost me.
And you know what?
You lost the rest of America as well.
But They were too busy doing that to actually cover the news.
The news, like what?
The fact that Joe Biden was really, really, really slipping and he was increasingly incoherent.
Here, I have a little mashup here of how incoherent I played many of these for you over the course of 2024.
And even, you know, we may have some from 2022 and 23 because all these signs were out there.
The evidence was there abundantly so.
But, oh, you couldn't play this.
No, you were somehow a cheap fake.
I was a cheap fake if I played this.
No, they were the cheap fakes for not covering it.
Biden's Incoherent Moments00:15:21
Thank you very much.
Here he is.
Biden, in all his coherency, as they'd like you to think.
Beer brewed here is used to make the brewed beer.
My memory is fine.
The president of Mexico, Sisi, did not want to open up the gate.
A solid meeting with the.
And Mitterrand from Germany, I mean, from France, looked at me and said, I said, I'm going to be a president for everybody, whether you live in a red state or a green state.
I, uh, um, that's a good one.
Anyway, I don't want to, I don't want to.
I'm making robey work.
The best way to get something done, if you, if it holds near and dear to you that you, uh, um, like to be able to, anyway.
Of Putin's kleptocracy, yeah.
159,000, 159,000 billion.
Dollars left.
America is a nation that can be defined in a single word.
I was in the foot, him, uh, um, what am I doing here?
One, two, the um.
Okay, well, thanks to Western Lensman for putting that little compilation together because that is just, I mean, that's what it was though.
And there were those moments, right, at G7 where he just kind of wandered off.
And there's Georgia Maloney trying to bring him back into the fray and they take the picture without him.
It was like one thing after another, over and over and over again.
And yet somehow we weren't allowed to report this.
Everybody in mainstream media completely ignored it.
It's like, guys, how can you do that?
I mean, Hey, you would have done yourself a favor.
You would have done yourself a favor because guess what?
The guy would have been primaried and you might have actually had a candidate who could string a sentence together, unlike Kamala Harris.
Instead, you guaranteed, frankly, that Donald Trump would win again.
I mean, I'm a fan of Donald Trump.
I'm a fan of his policies.
I'm thrilled that he's in there.
But I'm just saying, like, it wasn't very hard to do because Biden was the most beatable person on the planet besides Kamala Harris.
I mean, could you come up with any?
Worst scenario for Democrats, honestly.
The script writes itself, but the Media Research Center went back and looked at just how often these little blips would happen and the mainstream media would completely ignore them.
Whenever the president's a Democrat, the media suddenly lose interest in presidential gaffes.
All of the clips you're about to see are from the last two months.
None of them were discussed or covered on ABC, CBS, NBC, CNN, or MSNBC after they happened.
First, we've got Biden confusing World War II heroes, the Tuskegee Airmen, with Victims of a decades long human syphilis experiment.
There's a reason why it's been harder to get African Americans initially to get vaccinated.
Because there used to be an experiment on the Tuskegee Airmen and others.
At the G7 summit, Biden tried to talk about U.S. Russia cooperation in Syria, but it came out sounding like this We can work together with Russia, for example, in Libya.
We can save the lives of people in, for example, in Libya.
Next up is whatever this is.
The question is whether or not we should be in a position where you are, why can't the experts say we know that this virus is, in fact, it's going to be, or excuse me, we know why all the drugs approved are not temporarily approved, but permanently approved.
Then there's this awful moment from a commencement address.
I love those berets in her hair, man.
I'll tell you what.
She looks like she's 19 years old, sitting there with a little lady in her legs.
Look at her.
That poor sign language interpreter.
And here he is, just flat out making stuff up.
Anyway, I don't drive an 18 wheeler, man.
Oh, I wish I got to.
Do any of these snippets have massive political implications?
No, obviously not.
And that's not the point.
The point is the same media who spent days talking about this tweet now completely ignore stuff like this.
Are there people in the Republican Party who think we're sucking the blood out of kids?
I'm not sure.
The story here isn't the bumbling old guy.
It's about the media who are doing everything that they can to cover for him.
You know, they're right.
That's Newsbusters, by the way, Media Research Center, which tries to throw a dose of reality onto things because it's absolutely unbelievable how many faux pas were out there.
And that's the kind of thing that, listen, had it been Trump, they would have been all over.
They were always trying to say that Trump was demented and deranged and.
You know, suffering from old age, etc., while the elephant was in the room the entire time.
So they avoided this, they ignored it because I don't know because they wanted to continue controlling everything.
I think they got high off of power in 2020 with all those COVID mandates, and then they started, you know, signing the checks, right?
Because they were printing all that money, and Nancy Pelosi and her crew got in there, Chuck Schumer, and wow, did they spend trillions of taxpayer dollars so they could spend all the money?
They could force you to stay home.
And this was like a panacea, right?
They were totally in charge.
Deep State took on a whole new meeting.
And then the reporters, like the media that's supposed to keep all this in check and kind of keep people honest, they were nowhere to be found.
And so that is an abomination.
That is a travesty.
That is one of the biggest scandals, maybe the biggest scandal in modern history.
And this is what has given rise to everything else.
I mean, think of the freedom that I have right here.
Talk to you without having to have a script, without having to have a producer look over the script, without having to have somebody sign off on everything.
I mean, you don't have that flexibility at Legacy Media like you do here.
And I think honestly, this is fundamentally what people appreciate the most.
And certainly, I like the most.
It's a heck of a lot more freeing.
Not to mention, you know, here I am coming to you from Timbuktu, and I'm able to do that with a different kind of flexibility that you just simply don't have if you're at a network.
Anyway, here's Jan Crawford.
I played this sound for you yesterday, but watch it again because it's important to hear.
Her actually says it, and I love the fact that she's saying it to a table full of reporters that are like, because they're all part of the problem, right?
Including, frankly, her.
I mean, she's a CBS News correspondent, they are all part of the problem, but at least now she's coming clean saying, You know, we kind of screwed up.
What do you think was the biggest miss?
What was the most undercovered story of the year?
Huh?
What do you think?
Here we go.
One of the things we also do in the year end correspondence roundtable is dig into what was undercovered or underreported.
Jan?
Undercovered, underreported.
That would be, to me, Joe Biden's obvious cognitive decline that became undeniable in the televised debate.
At the presidential debate with Biden.
Unquestioned.
And, you know, it's starting to emerge now that his advisors kind of managed his limitations, it's been reported in the Wall Street Journal for four years.
And yet he insisted that he could still run for president.
We should have much more forcefully questioned whether he was fit for office for another four years, which could have led to a primary.
For the Democrats, it could have changed the scope of the entire election.
Yet, still, incredibly, we read in the Washington Post that his advisors are saying that he regrets that he dropped out of the race.
You know, that he thinks he could have beaten Trump.
And I think that is either delusional or they're gaslighting him.
President Biden has said repeatedly he was sick during the debate June 27th in Atlanta, and he's always been fine, and he leaves fine.
That is his position, the position of many of his top aides as well, even though there is that reporting.
Robert Costa.
I mean, that's unbelievable, right?
Jan just gave him one big dose of reality, and the other guy's like, Well, no.
I mean, he maintains that he was sick, and that's why he didn't do so well at that debate.
You keep going with that, all right?
I don't know what happened the rest of the time, like all those other clips that we just showed of Biden seriously incoherent.
Oh, here's some more.
My memory is fine.
The president of Mexico, Cici, did not want to open up the gate.
You get the drill, right?
You get the drill.
So, The media dropped the ball.
Some of them are willing to admit it.
Some of them simply aren't.
Simply aren't because they're clinging to something that no longer is going to exist.
In 2025, all of these businesses are going to be challenged.
Think about CBS News.
Heck, Donald Trump is suing them right now for $10 billion, which is $2 billion more than its parent company, Paramount, is even worth.
And he's suing because of what they did with that CBS News 60 minutes edit.
You remember when Kamala couldn't answer the question about Israel?
And somehow they strung together some little bits and pieces of her answer.
I mean, we don't know how long the answer was.
Would she give a five minute long answer?
The original answer that you saw, they made the mistake of airing it on Face the Nation, was incoherent, incoherent.
And so then they cleaned it up and massaged it a bit so it would sound better to the American public.
And in doing so, Trump would argue that was a form of election interference because they were dressing her up.
They would never give him the same benefit of the doubt.
You know that.
I know that.
And so it was like this giant mirage.
They had a terrible candidate in Joe Biden.
They finally realized that they had to get rid of him.
And it was the emperor has no clothes.
Finally, finally, you had some people saying, gee, this is pretty tough to watch after that notorious debate.
And once he dropped out, remember CNN?
Jake Tapper, I remember once Lara Trump went on his show and started to refer. to the mental challenges of Joe Biden.
And Jake just attacked her like an attack dog.
He's like, how dare you say it?
And that is wrong.
And you're not a doctor.
I remember saying, even on this show, I had to qualify everything.
I'm like, well, I'm not a doctor because they would jump all over you.
But like, hey, we all got two eyeballs and we've all, unfortunately, probably in our lifetime seen something similar with other people.
So we know what we're looking at, right?
We're not morons.
Yet they wanted to pretend we were, they pretended we were morons or they thought we were morons and they would pretend that he was okay.
Well, he wasn't okay.
Once that was finally apparent to everyone, I don't know why they ever allowed him to do that CNN interview.
That was perhaps somebody internally who really did want to take him down and put Kamala in.
But that was the beginning of the end.
I mean, he just couldn't continue.
And then he went on back on ABC again.
Everything goes back to ABC to George Stephanopoulos to try and massage the situation.
And then that interview was terrible.
I mean, there was just no way he could run.
And yet, the Washington Post out this week with another.
Story is saying he still thinks he could win.
So I got a news headline for him.
No, Joe, you were not going to win.
You were never going to win.
And you know what?
Kamala was never going to win either.
The only way the Democrats had a chance in HELL was if they had gotten rid of you from way back when.
And even then, I doubt it because the economy has been lousy.
And you guys did that.
You're the incumbent.
So the Democrat Party is blamed for the horrendous inflation that, by the way, you also told us we shouldn't be believing in.
That one really got me.
New York Times printing that wages were going up.
Real wages weren't going up.
Wages adjusted for inflation were going way down.
But they're trying not to tell you this.
So, again, it is no surprise that the New York Times is seeing a decline in circulation of 13% down to 267,600 souls that actually still get this thing.
Unbelievable, really.
The media is having a hard time, shall we say, coming to terms with it.
You know, they're kind of going out of business, so to speak.
Things are going to look really different in these newsrooms.
I don't think you're going to have the salaries that you once had, you're not going to have the personnel that you once had.
MSNBC is getting a little divorce, shall we say, from Comcast.
Comcast once loved this thing.
They were like, oh, we got MSNBC, we got CNBC, we got Oxygen.
That was that network that Oprah started.
We got Sci-Fi.
We got it all.
Aren't we the bomb?
And then, well, it turned out the media industry changed drastically.
So Comcast is doing the right thing.
They're doing this spinoff with Spinco, and they're getting as far away from MSNBC as they possibly can get.
But what happens to MSNBC in this process?
And some of the anchors over there are trying to tell themselves, oh, it'll be okay.
You know, we'll have the right kind of investors for the future.
Nobody wants this stuff, guys.
You know what?
You're going to have to actually be accountable.
You can't be bankrolled by the mothership anymore.
You're actually going to have to try and eke out a living on your own.
And I don't think it's really going to happen.
Which is why, yes, you're looking at slashing Joy Reed's salary.
Three million bucks too many that she gets to host a show on MSNBC.
Now it looks like she's going to have to.
Take a pay cut and they're sitting there going.
We don't understand.
We don't understand.
I mean their friend, who I guess is a Politico guy he runs Politico Jim Van Dey.
He's over there giving some big speech at some big journalism dinner saying we are so important, we are so important and Msnbc is so proud of him saying you bet you are the bomb man, you are so important.
Hmm see, but at the core of that is maybe transparency, maybe a free press, maybe the ability to do your job without worrying to go to jail, Maybe the ability to sit in a war zone and tell people what's actually happening so they're not just looking at distortion matters.
It matters profoundly.
It's why it's not like we just love getting up at three or four in the morning doing this every single day.
Like we do it because we love it.
We do it because it matters.
The work that we do matters.
Everything we do is under fire.
Elon Musk sits on Twitter every day or X today saying, like, we are the media.
You are the media.
My message to Elon Musk is bullshit.
You're not the media.
You having Newsflash.
Actually, X is the media.
YouTube is the media.
Rumble's the media.
This is the media, okay, buddy?
Instagram, everything.
Social media is the media.
This is how people get information.
Social Media Is Now News00:04:28
Nobody actually wants to watch you all because they don't trust you all.
And why should they?
After Russia, Russia, Russia, after the laptop from HELL, after the Wuhan virus that didn't come from Wuhan.
I mean, come on.
At some point, you know, fool me once.
Shame on, how's it go?
Fool me once, shame on you, fool me twice, shame on me.
I mean, nobody's coming back for more, no matter how much you try and position yourselves as the be all end all.
You're not.
Everything up and down about not only their alternative set of facts, but alternative set of facts about what people like you do.
And I love how you connected reporters in Mississippi in the 1960s to reporters.
This, by the way, I should just highlight this is Morning Joe celebrating the guy that you just heard speaking about how wonderful they are as journalists and how important they are, and how, you know, if it weren't for them, all these things wouldn't have happened in history.
Well, Newsflash, maybe you were important back in the day.
Maybe you actually did.
I mean, as long as I've been in the business, I can tell you the bias is completely, totally, utterly to the left.
But, you know, I've only been in the business since the year 2000.
So maybe there was a time when the media.
Was more just.
Not since I've been in it, but I'll give them the benefit of the doubt.
They, however, they think that this is it.
They are the arbiter of truth.
And the reality is they're not.
Because sometimes the truth is kind of hard to get at.
Sometimes the truth is kind of ugly.
Sometimes the truth is a process.
We learned that certainly over the last eight years.
Here we go.
Just fighting for their life to get the story out in the Middle East today.
Jim, it was very powerful.
Really good.
Very powerful.
Even if we had to beep you more than we would if we ran a Dave Chappelle concert, it's still good.
He preached it, though.
The cadence, I mean, I might get him ordained.
Well, let me just say why this is so important right now, more than ever, is because critics of the press are feeling more empowered than ever to lie more than ever.
I've had friends for years going, Oh, you know, I'm so overwhelmed, Joe, by the news.
I don't read the news.
Well, where do you get your news then?
Epic Times.
I go, oh, oh, oh, you get your news from a website run by Chinese conspiracy theorists in a Chinese religious cult.
That is where you get the news.
No.
Or if social media people lying every day, every hour, every minute about the news, what you do matters.
What the New York Times does matters.
What the Wall Street Journal does matters.
What Jonathan Lemire does matters.
What the Financial Times does matters.
What NBC News and MSNBC reporters do matters.
It matters.
And it doesn't mean there aren't things that we get wrong.
And the reason I guess I was hopped up at that speech was I just think it's funny.
He's like, it matters, to him and to his livelihood and to his family, right?
It matters to Joe.
He's trying, I matter, I matter, I matter.
Well, no, I'm sorry.
You know what?
You don't.
Because at some point, people have just decided they've had enough and they have other options.
They can cut the cord.
They don't need to pay for you over on MSNBC, which means, guess what?
Comcast doesn't need to pay you as much anymore, which means you're getting spun off.
Your company is going to have to stand on its own two feet.
I'm not so sure it can.
I'm not so sure it should because it's just a song and dance for the Democrat establishment.
And we don't need to pay for that.
We don't need to see it.
I mean, I bring you clips here and there because you've got to know what the other side is doing, right?
I think it's valuable to see that.
But are you really going to sit down and watch that show for three hours in the morning?
No.
I mean, you might watch Bannon, might be kind of interesting.
You might watch Joe Rogan.
You might watch hopefully me, Tucker.
Not a Legitimate President00:09:27
There's a lot of variety out there.
And it doesn't just have to be conservative.
I mean, you look at the Young Turks and the success they've had on streaming, and it's a much more liberal kind of show.
There's a lot of options out there.
But for you to sit there and say, oh, everything on X is somehow a lie, everything that's not us is a lie, that's wrong.
It's flat out wrong.
And why don't you trust everyday individuals to actually get to the bottom of things and to discover the truth themselves?
It was like when the mainstream media totally flipped out because, oh my gosh, Tucker Carlson was going to interview Putin.
And Hillary Clinton's saying, oh, he's just a useful idiot and this, that, and the other.
And I'm like, oh, you guys don't want to hear what Putin has to say?
I mean, I think it's kind of valuable.
Let's hear him in his own words.
Not want that?
Why do you just close your ears and shut everything out?
You can't shut the other side out.
That's your entire problem.
And so America is hungry for more and they're getting more, but it's going to change and it's changing fast.
And thank you for subscribing, sharing, liking, commenting, all of that good stuff.
Make sure you do it.
Make sure you hit the bell so you know when I'm here.
I'm a little bit early today, but you know, the sun was going down behind me over here in Switzerland.
So I needed to get to you rather fast.
It is, after all, New Year's Eve and I'm six hours ahead.
Anyway, you know, it's amazing.
It's amazing.
I will tell you this the markets love what they're seeing.
And hey, you know, it all goes back to markets for me.
I mean, I do still continue to have my worries about inflation.
It's one of the reasons why I still like gold.
Let me put this up for you.
This is one of our great sponsors here on the show, American Heart for Gold.
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And then the other thing I would just mention markets love this, right?
The markets love that Donald Trump won.
You can feel the excitement.
Here I am, halfway across the globe, and I feel the excitement here.
I was just in Italy.
And everyone I talked to, I mean, all the guys working at the hotel, the waiters, et cetera, they were like, can we get Trump over here?
I mean, they've got Georgia Maloney and she's not bad, but they're like, gosh, can we get Trump here?
They love him and they feel safer in the world with Donald.
Think about that.
That is amazing to me.
But, you know, it's completely just anecdotal information.
But I was struck by that.
Every single person I talked to there in Italy telling me the same thing.
They were so excited and so happy.
Happy that Trump won because they felt that the world was going to be a better place.
I mean, that's an amazing thing.
So, I think that you got to think through all of this.
World markets actually have been responding pretty well.
Market a little bit going sideways as I look at things right now today.
But nonetheless, there's a lot of opportunity ahead, and I want you to be part of it.
So, consider subscribing to my newsletter, 76Research, 76Research.com, all for just a dollar a month for the first two months.
Then it goes to $9.95.
You can cancel any time, but just go over there, check it out, 76research.com as you start the new year.
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Go use this code, DOLLAR, my New Year's gift to you, if you would.
So Jimmy Carter has passed away.
God rest his soul.
I was talking yesterday about this.
The problem with Jimmy Carter is that he was a bit like Joe Biden.
A lot of you guys would say, oh, but at least Jimmy was a bit nicer.
Joe had all the shortcomings and none of the niceness.
And so there was sort of this perception that Jimmy was a nice guy, but Jimmy just kind of didn't know what he was doing, especially when it came to the economy, especially when it came to international relations.
But what I'm troubled by is the legacy he leaves behind in terms of not just how bad he was for the economy.
I mean, it was like Biden before there was Biden.
but also the disinformation, misinformation that he was willing to push forward.
Because don't forget, Jimmy Carter was the one who originally introduced the misinformation of Russia, Russia, Russia, and the idea that somehow Donald Trump, who was elected by the American people in 2016, was not a legitimate president.
I could not believe what I was hearing when he sat down with John Meacham, the very liberal historian, who asked him, About Trump.
Watch this.
I want you to see the entire exchange.
The sort of money bite, if you would, is the part where he said he does not believe that he's a legitimate president.
But watch how they get into it.
Here we go.
Russia has been proven by our intelligence community to have interfered with one of our human rights, which is the right of free and fair elections.
What's your reaction?
How should we deal with Russia?
Well, the president himself should condemn it, admit that it happened, which I think 16 of our intelligence agencies have already agreed to say.
And there's no doubt that the Russians did interfere in the election.
And I think the interference, although not yet quantified, if fully investigated, would show that Trump didn't actually win the election in 2016.
He lost the election, and he was put into office because the Russians interfered on his behalf.
So, do you believe President Trump is an illegitimate president?
Based on what I just said, which I can't retract.
Wow.
Right?
I mean, wow.
So, that's what started this whole thing not my president, not a legitimate president.
And that was echoed by so many politicians, and it was so wrong.
That's the disinformation.
That's the misinformation we need to be careful of, and it was being spread.
By former president of the United States.
So when Biden goes on and on and on about what Trump can learn from Carter and it's decency decency decency, I would just say that was not a very decent move.
Here's Biden contact is Chip.
Is there anything here that again, president Mcgrath can take from president Carter?
Decency decency, decency.
Everybody deserves a shot, everybody.
Can you imagine Jimmy Carter walking by someone and you need something to just keep walking?
Can you imagine Jimmy Carter referring to someone by the way they look or the way they talk?
I can't.
I can't.
You know, I think the end of the deal here is that one of the reasons why we're looked to by the rest of the world, for the bulk of our nation, we've laid out what our values are.
They said what we believe.
It's not just in the decree we hold these truths to be self-evident, but there's a feeling.
The rest of the world looks to us, looks to us, and he was worth looking to.
Thank you very much.
Appreciate it.
Again, I'll just go back to I don't think it was a very decent thing to say, to call the duly elected President of the United States of America, one Donald Trump, an illegitimate president who was put there courtesy of the Russians.
I mean, that's pretty, pretty aggressive stuff.
And the left ran with that.
And that was wrong.
And now, isn't it great?
He's going right back in, number 47.
Look, the CNN panel, by the way, also kind of went off the rails.
CNN's really struggling right now.
It's another company that I think as a business really is limited.
And it's struggling.
They put like 10 people on a night because, you know, they got to have this, that, and the other.
Everybody's lefty except for one guy named Scott Jennings.
Scott's like doing some heavy lifting, let me just say, because he has to voice.
The conservative side of things, while everybody else, all 20 of them, I'm making that up now.
I mean, maybe it's just 10.
We can count.
We'll take a look.
Anyway, let's go to this soundbite because he's there saying, Hey, you guys, do you not remember some of the stuff that Jimmy did?
I mean, in addition to being so terrible on the economy, he wasn't exactly very pro Israel, one of our longtime allies.
We had a big hand in creating Ally.
He was perceived as, at times, being very anti Semitic.
I'll let Scott say this because it's fascinating to see the reaction from the panel.