Makes point that sell-side analysis and journalism are both subject to being captured by sources controlling 'access', which has serious consequences for disinterested reporting. The solution is to recruit those who look only at data!
Mentions Riepl's Law, which says "new, further developed types of media never replace the existing modes of media and their usage patterns. Instead, a convergence takes place in their field, leading to a different way and field of use for these older forms." (1913)