THE POWER ISSUE

Media Elites Tell All!

Big tech, feckless owners, cord-cutters, restive staff, smaller audiences … and the return of print?

On the news-media business:

“

It is a great time to be in the excellent-journalism business, and it’s a shitty time to be in the mediocre-journalism business.

“

Journalism with a capital J is no good to anyone if nobody’s reading it.

On subscriptions:

“

If you don’t have a system whereby you have consumers paying for your content, then you are generally in a perilous state.

“

I’m surprised that people are okay with the subscription model, where they don’t have that many listeners or viewers but are making money, so they’re just good with it. The Substack writers, people with Patreon podcasts. My generation was wired completely differently. We wanted to be read or listened to by as many people as possible. And now this new generation is like, I’m totally cool with having 9,000 die-hard fans.

On where insiders get their gossip fix:

“

Well, I get a lot of my gossip from Ben Shapiro.

On newsletters:

“

I think the most moronic thing I’ve ever heard, in terms of conventional wisdom in media, was that we reached peak newsletters.

On its (lack of) diversity:

“

No one cares about diversity. No one’s going to be like, Oh my God, another white guy getting the job. I think we took two steps forward, one step back.

On young staffers:

“

They are not nearly as talented as the people ten and 15 and 20 years ago.

“

I think you’d have to be crazy to begin a career in journalism right now.

A SEMI-CLOSE READ

‘Good’ Interviews Don’t Matter Like They Used To

Appearances on podcasts like Call Her Daddy and Theo Von’s This Past Weekend are about audience exposure more than anything else.

CHAPTERS

Over Three Decades, Tech Obliterated Media

Kara Swisher’s front-row seat to a slow-moving catastrophe.

MEDIA

The Secretive Alliance Between the New York Post and Eric Adams

Rupert Murdoch’s paper helped elect the mayor, and it hasn’t quite given up on him yet.

THE MONEY GAME

Trump Media Has Major New Problems

A whistleblower alleges that CEO Devin Nunes is running the struggling Donald Trump–owned company into the ground.

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