"To fix the past". Some of the most wildly successful gen z entrepreneurs are women who sell sexually explicit images and videos of themselves. Some of the most successful modern comedies are the raunchiest.
The critics of old G4TV act as if the world has changed and moved on. All of that same kind of entertainment is still out there, it still sells. It's just that now we have a large online contingent of young people who are prudish, for whatever reason (they're not a monolith, various groups have their own reasons, but all of those roads lead to places like ResetEra).
What's ironic, is if they had leaned into the humor and stylings of the old G4TV they'd probably have been pulling down solid viewing numbers. Just for the shock value of it being so different from most video game related content today. Attack of the Show slowly added more elements, dialog, and skits that were reminiscent of the original and people responded positively towards it. They added Austin Show, who's flagship Twitch stream features fictional characters who treat the ditzy woman co-host in a kind of 1950's stereotypical way. And it had viewer numbers over twice that of AotS and X-Play combined.
Over on the other side of the studio, however, it looks like they hired some executives and producers who more concerned with messaging than making video game content aimed at any one, large audience. I remember sitting through some episodes of the new X-Play and wondering to myself "who is this even for?".