Earlier quoted context omitted.
So the statement "corporate media produces nothing of intellectual value" is false. I'm not defending the clickbait content a lot of outlets engage in but I'm concerned that if the "corporate media" disappeared tomorrow a lot of things would go uninvestigated. I'm also not sure that the number of stories published is a worthwhile metric either. Maybe one truly eye-opening investigative story is worth a hundred boring…
Would you be more satisfied with, "Only the tiniest fraction of corporate media's output has intellectual value?" People often make statements that make what is approximately true absolute, for simplicity of expression or for style: "Nobody should be out in this kind of weather!" "The oboe is an ill woodwind that nobody blows good."
But sure, that statement is an improvement because it at least makes clear that if you were to remove the corporate media tomorrow something of important value would be lost. Something the original statement definitely does not convey.