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"Benign Billionaires" and Media Layoffs

January 31, 2024 / 00:43

This episode discusses the challenges facing news outlets, including changing consumer tastes, business models, and the sustainability of ad-supported journalism.

The conversation highlights the ongoing decline of news organizations across the country, referencing Axios' description of the situation as a "blood bath." The speakers emphasize the need for news companies to adapt to new practices and consumer demands.

Specific mention is made of the Washington Post and its approach to journalism, contrasting it with the pressures of clickbait and financial sustainability.

TL;DR

News outlets face severe challenges due to changing consumer demands and unsustainable business models.

Video

00:00:00
an ongoing blood bath is decimating news
00:00:02
outlets Nationwide is how axio put it
00:00:04
you have to think of the consumer and
00:00:05
the things they want I think it's both
00:00:07
tastes have changed practices have
00:00:09
changed the business model has changed
00:00:12
and these companies have not changed for
00:00:14
the most part ad supported journalism is
00:00:17
really really challenging to support a
00:00:20
big Newsroom and not be subject to the
00:00:22
whims that you have been able to you
00:00:24
know you talk about the Washington Post
00:00:26
I defer to your experience here that
00:00:28
they don't go after clickbait and
00:00:29
they're going go out of business so
00:00:32
unless they keep finding benign
00:00:33
billionaires that are distracted taking
00:00:35
pictures of their girlfriend and thongs
00:00:37
I mean that could
00:00:39
[Music]
00:00:41
work

Episode Highlights

  • The Changing Landscape of Journalism
    Ad-supported journalism faces significant challenges as consumer tastes and business models evolve.
    “Ad-supported journalism is really challenging to support.”
    @ 00m 17s
    January 31, 2024

Episode Quotes

Key Moments

  • Changing Tastes00:07
  • Business Model Shift00:09
  • Clickbait Dilemma00:28
  • Billionaire Support00:33

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