I think you can boil down his entire tirade to one fine point.
"Damn! I better negotiate a new long-term contract soon."
And for the record, I only send out /hundreds/ of emails. :)
FYI for anybody interested, I posted the audio on my site so you can hear it straight from the horse's mouth.
http://www.jeffblogworthy.com/index.php?/archives/1016-Mike-Gallagher-rips-into-bloggers.html