The remark alone shows an insularity which is almost staggering in its narrowness, to the point that it borders on narcissism. Only someone who has so blinkered his understanding of the world as to believe that the news media is the world could make such a fatuous remark. The fall of communism, the spread and influence of the internet, the revival of a serious attempt at jihad by the Muslims, proliferation of WMD's are all eclipsed in Moyers mind by Rush Limbaugh, Sean Hannity and Bill O'Reilly. Moyers uttering that remark could be the poster-child for the reason the MSM has become utterly irrelevant.
Bill Moyers is a nutcase, and always has been. He's the propagandist who wrote the "Daisy" commercial which implied that Goldwater would start a nuclear war. The interesting thing about Moyers is not so much that he's a mental defect, though. The interesting thing about all this is that the media considers him to be a respected journalist, and has allowed him to masquerade as one for decades.