We talk about how fandom now powers news, why comedians have turned into pundits, and how combat dynamics are incentivized by the feed. We also explore the blurring of media and politics, from Charlie Kirk’s rise as both activist and media brand to Sam Altman’s combative interview with Tucker Carlson. Along the way, we debate whether niche formats like link dumps and newsletters offer an antidote, and what happens to publishing economics as Google admits the open web is in decline.