"The elite media has been caught in so many lies because of false statements that its whole reputation has eroded, their circulation is down, and their profits are down"

Geraldo Rivera is suggesting that the elite media has been caught in a lot of lies due to false statements that it has actually triggered their credibility to suffer. This has actually led to a decrease in circulation and earnings. He is suggesting that the elite media has been unreliable and has actually not been providing precise info to the public. This has triggered individuals to lose faith in the media and has actually triggered them to turn away from it. This has had a negative influence on the media's blood circulation and earnings. Rivera is suggesting that the elite media requires to be more truthful and precise in order to regain the public's trust and to increase their flow and revenues.