Legacy Media Must Die?

When the richest man on Earth says, “legacy media must die,” he’s referring to institutions like the New York Times, that have informing us since the 1850s.
Does that make sense in a democratic republic?

When the richest man on Earth says, “legacy media must die,” he’s referring to institutions like the New York Times, that have informing us since the 1850s.
Does that make sense in a democratic republic?