I watched this earlier. I think he has a point with the echo chamber "mega-media" but I think he misses the point about foreign policy. It's not the press driving it and it wouldn't be any different if more press was "independent" or "alternative". Also, he seems to be suggesting that alternative and independent media get involved in policies and discussion yet isn't that what he whines about the big boys doing? IMO the press is there to REPORT the NEWS, not further an agenda - which would be exactly what "alternative and independent" outlets would be doing.
IMO, journalists should get back to doing actual reporting instead of letting their personal politics and opinions show in their work. That would go much further in solving the "crisis" than whining about "mega-media".