This isn't to say I agree, I'm just trying to summarize the relevant bits as best as I can.
The other aspect is that he thinks there is only 1 type of source that's ok for information consumption, which is the type that spews out brilliance. All the other sources are worthless, including the people that never say anything meaningful and the people that say something brilliant once in a lifetime.
I haven't noticed significant degradation in quality since we started News.YC. In fact, it's gotten better, because when we started it was called "Startup News" and there were a lot of crappy gung-ho articles about "entrepreneurship."