That is the way I took it, as well.
I am not really sure what "the end of the MSM" will look like, exactly. I think we will see some arrests of their conspirators, but it's not like every journalist and brainwashed blogger is actually doing something illegal. Ignorance is a bit of a saving grace for many, as their participation in a plot of treason was by direction. Foolishness or gullibility is not a crime.
There is going to be a weird point in time where no one really trusts the television and newspaper - or their online counterparts. For people who were filling their idle time with noises from the tard-tube, they will find something else that is (hopefully) less destructive and begin to see news/awareness as a more interactive/dynamic thing than streaming talking heads into your brain.
But what that ultimately becomes and if any of the name brands of news survive… That I don't really have much of an eye for.