Things every author consider when considering self-publishing vs. the old-fashioned model…
7 – Traditional publishers lose money on over 85% of the books they publish, so they only accept around 2% of those that are submitted.
6 – They typically accept manuscripts only from established authors who have demonstrated a proven track record.
5 – Authors lose content control of their work during the editing process.
4 – Authors must still invest an enormous amount of time, energy, and money promoting a traditionally-published book.
3- Authors typically receive 5-10% royalty on the wholesale price of the book, and from that have to give 15-25% to their agent. Do the math.
2 – The majority of books published by old-fashioned publishers go out of print within 3 years. Many books that are stocked on book shelves remain stocked for as little as five weeks before being returned, unsold, to the publisher.
1- Old-fashioned publishers acquire all rights to your book and keep them, even when the book goes out of print or the publisher goes out of business. Yikes.
Self Publishing Advisor 
You’ve rerally set the new low bar in total misinformation about traditional publishing. I’m not a defender of the status quo, but this is just plain grossly inaccurate. You do no one a service with this.
If you wish to defend it, please list your sources, so anyone who reads this can verify.