What's happening with YouTube right now is a shining example of why Libertarianism will never work for a society with more than a few thousand people. Google's initial laissez faire approach to managing content on its platform created this situation. When Google first started monetizing channels, it was like the wild west. People flocked to it, lots of people got rich, or made more money than they ever thought they would. It didn't take long until people started to ruin it for everyone, people like Keemstar, the "prank" channels, and other creators of toxic content caused the alarm bells to be rung.
I think a lot of you will change your tune about what's happening with YouTube when you have kids of your own. It's a nightmare trying to keep track of what your kid is watching on there. So many toxic personalities have a direct line to your kid's impressionable mind on YouTube. When shitstain channels like Daddyofive can claim to kid friendly content to get by YT's absolute joke of parental controls, a parent has to pay extra close attention to what their kid is watching, and unfortunately it doesn't seem like many parents are savvy enough to do it. It's much more time consuming as well, as before YT, a parent just had to make sure their kid was watching a channel that was deemed ok. Now kids have their phone and tablets, plug in their headphones, and a parent could have no clue their little angel is slowly being turned into an alt-right punk.
Also, companies spend a fuck ton of money building up and protecting their brand. If a brand gets tarnished somehow, it could spell the end for an entire company. Advertisers have every right to pick and choose that kind of content their brand is associated with.
I welcome the changes, channels like Wisecrack, Smarter Everyday, History Buffs, etc will be fine. The people who just enjoy making videos, and aren't out to get rich will keep making videos because that's what they want to do, and the profiteers looking to make a buck off millions of clicks from 10-14 year olds with questionable content can fuck off into the sunset.