Megyn Kelly cut her teeth in the mainstream media and became one of the most influential voices in the political debate. From her meteoric rise at Fox News to her stint at NBC, Megyn Kelly has been a central figure in American journalism for over a decade.

You might recall her contentious exchange with then-candidate Donald Trump during a Republican presidential debate in 2015. Kelly asked him about the names he’d called women—such as “fat pigs” and “dogs.” Trump’s response, in part: “I’ve been very nice to you, although I could probably maybe not be, based on the way you have treated me. But I wouldn’t do that.” He later went on CNN and accused Kelly of having “blood coming out of her eyes, blood coming out of her—wherever.”

Kelly has since abjured the mainstream—she now hosts a podcast on SiriusXM and YouTube that has fast become one of the most popular political shows in the country. Her success captures the broader media shift away from brands like Fox and NBC to more personal, one-on-one relationships between commentator and consumer. (For example, she’s let her audience know she plans to vote for Trump, despite their past quarreling.)

People are hungry for unbiased, unfiltered information. And in the last few years, there has been an explosion of independent media: outlets like ours here at The Free Press, podcasts like this one, Substack newsletters, Twitter feeds, YouTube shows—all promising an alternative to the mainstream.

But is independent media always trustworthy? Does it need some of the guardrails and editorial processes that were once common at legacy outlets? Because if one peers into this independent—and often right-wing—media landscape, one cannot help but notice the frequent descents into conjecture and conspiracy theory, from commentators like Tucker Carlson, Tim Pool, and Bret Weinstein.

While Megyn is normally the one doing the grilling, today it’s her turn in the hot seat. Michael Moynihan and Kelly discuss the role of conspiracy theory in our current discourse, where she stands politically these days, how the legacy press is handling the presidential election, how she says she avoided “Trump Derangement Syndrome” even as some of Trump’s most die-hard supporters showered her with threats, and her guiding principles as a journalist.

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