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The decisions of new and old media executives to move in favor of obedience only further emboldens those associated with the incoming administration, who are already ramping up additional threats of legal action against media outlets.

The preservation of our democracy, however, will require much more fight than old media entities like ABC News have so far exhibited.

A new regulatory body to oversee technology companies and new media, just as the Federal Communications Commission oversees old media.

This of course has been the most double-edged of swords, but Lorenz is keen to point out that the new landscape made room for a lot of voices that old media and legacy Hollywood studios were ignoring.

In the early 2000s, the old media were competing with the internet for the first time.