Newspapers

“Like, if we'd been back in the late nineties and we'd said, you know, internet will destroy the value of physical distribution, it turned out that meant completely different things for newspapers and movie studios. Like, newspapers got completely screwed by th…”

“It's these patent medicines that start spending the first real scale dollars in newspapers, which are also coming up and industrializing post-Civil War and building the business model of the media industry as we know it today.”

“I, in the past, felt that Craigslist did have a substantial effect on newspaper survival, but until No one had done any of the numbers. I'd spoke to industry analysts like Ken doctor and Rasmus Nielsen, who said it was ridiculous to think Craigslist had that b…”

“There's no reason that any newspaper couldn't have done exactly what I did. Remember that the stuff I was doing, the coding that I was doing, was fairly simple from my point of view.”

“Friend Rick Rubin says that these are actually the most real things, not the least real things. It's like, if you think professional wrestling is fake, just wait until you read the newspaper.”

“Running a newspaper is a crappy business, so you really have to learn how to take the nickel off the dollar, so just as a pure operator, I learned a lot about how to run a business.”

“Newspapers uniquely, I think, you had this revenue model that was completely unrelated, bolted onto the news, which is classified ads, which people think means like individual consumers, but it actually means like car dealerships and real estate agents and so …”

“If you made Google display a separate business, all the people buying ads on Google display are not going to shift Those adds to newspapers, and that's not going to become like a bigger business.”

“The problem, newspapers problem is not that Google and Facebook have a monopoly. The newspaper's problem is that the newspapers used to have a monopoly and they don't anymore.”

“I love newspapers. Front page ads. Nothing works better. Like the amount of football they bring in, I kid you not. They pay themselves back over a weekend. Like the best ROI.”

“And this is, in many ways, just a kind of, it's one of those arguments that just sort of disintegrates as soon as you poke at it, in any way at all, because they don't argue with, they don't, they think they're the only people that should get paid, not anyone …”

“And it's not, now they actually are using the content and not sending the traffic to the newspaper. And so that whole newspaper argument that you are using our content goes from being dishonest nonsense to being actually true.”

“I think most local television stations that you watch today are dead. Most newspapers that exist today in cities and towns, either dead or a tiny shell of them, former selves.”

“If you're wondering why the museums you love and the publishing houses you love and the newspapers used to trust and, you know, the Hollywood, all of these things, if you want to understand why they are hollowed out, why they are no longer what they used to be…”

“The lines on the chart have been going in the same direction for sort of 10 or 15 years, it's just they kind of reached a crisis point, sort of for newspapers five years ago and for magazines now.”

“The most incredible thing was the amount of revenue that has disappeared from newspapers, and literally from the tens of billions of dollars to basically single digit billions today over the last 20 years, which effectively means traditional media's revenue so…”

“The money that was going to newspapers, a lot of it just isn't spent at all, or it's spent income not on Google and Facebook, but in other places at a 10th or a 100th of the price.”

“The problem with some private equity I feel like they're really gutting the value that the newspapers have in the in their local markets by eliminating a lot of the local talent.”

“One of the big reasons why people work with newspapers is they know that they can go down to the local office and talk to the guy, you know, or talk to the gal that, you know, is on their PTA with them, and that's why they continue to advertise in the newspape…”

“It's the most human way to connect someone to what's going on in another part of the world, and you watch it, and you feel like you're there, and you have a level of empathy for what's going on that you just don't get from reading the newspaper or watching You…”

“When those newspapers did that, The page, the site experience got way, way better, because all the crap advertising disappeared, all the link bait headlines disappeared, all the taboola and the click on 500 other stuff disappears. You get white space on the si…”

“Because those have existed in newspapers for, you know, decades, it's considered ok, but then, you know, you have slidey things, and lists, and everything else, and because it's new, it's like, oh god, the web is destroying western culture.”

“We have nine of the top 10 newspapers and For instance and that's where we started in that space.”

“The fundamental difference between, let's say, a newspaper previously that controlled the printing presses and Facebook. Is that Facebook has the users such that suppliers, and this being content organizations, new organizations, have no choice but to go to us…”

“I don't think you can fund most papers by ads. I think they will end up as ventures owned or supported by the very wealthy.”

“It went down by something like two-thirds in the last 15 years. The revenue from classifieds collapsed by two-thirds.”