Also in this playlist...
This transcript is automatically generated
We -- Terry bought the Washington pols still waiting -- those have improved to a skeptical world it was worth a quarter billion bucks remember what stands out.
Totals on this show that deficit or very rude awakening that he learned the hard way.
Cutting costs -- -- newspaper's top especially when the folks at work at that newspaper don't do -- you say.
That was Sam's experience of the Tribune Co.
-- later ended up filing for bankruptcy.
Does Conrad Black -- can avoid the same type former media about a once ran the world's third largest newspaper chain and -- author of a new book called flight of the eagle the grand strategies that brought.
I'm Barrick from Colombian independents dependents to world leaders he joins us from Toronto mr.
block -- that it.
Thank you -- thank you for inviting them.
What do you think Jeff Bezos is in war and -- that you of course know this industry better than most on this planet and and you talk about its potential.
On line in the Internet what had a few others yet to tap that -- -- I I think so I mean I'm not qualified to.
Sit in judgment on the cyber talents of someone so accomplished as the founder of Amazon but I think he.
Must have insights that would elude me but I I think the comparison with the Tribune Co.
It can with respect as misleading Sam Zell loaded that company up of colossal amount of -- and then he took an unconscionable length of time peeling off.
Secondary assets he sold the that news -- and Long Island for the right.
You know the Dolan family nice price but he he never did get around to selling the Chicago Cubs and so -- And he just took too long and there was too much death there and we haven't put any money into it really -- comparatively speaking to begin with well.
And then -- -- and to be fair -- Michael -- we did of the meltdown a year later.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- That it's very hard.
To -- journalists take cutbacks to 222.
To look at basic math.
Money and money -- you.
It is what it and I guess you.
And we can't you've you've got to get by with fewer of them they won't take cutbacks -- just you you get you just have fewer journalists and get.
Better journalist and a better job and that's not hard to do if you've got proper -- -- with great respect for Sam -- -- his fielding deserves great respect.
I don't think he knew how to be a publisher.
The fact is you've got to know the personality of out of you've got to know how to impose a certain professional discipline on journalists without compromising the integrity.
It can be done but it it's like anything else like being a brain surgeon or television host you've got to have some it's.
And I just -- let you know Gary thing about it his days.
And he has -- all there and don't sort of minority shareholders here -- bit but it's it's his baby.
So yeah does leave a lot of vote wiggle room for him to do what he wants what do you think he does.
About -- now I'm getting your luring me my.
Out of an area where I have any standing to speak with confidence you know I'm -- I'm not I'm not an expert on the kind of things that I assuming thinks he can do with the post.
But it just for example and this is not a prediction of what he would do -- no standing to make any such prediction but.
The very first of -- let's keep in mind he paid ten times cash flow.
Now when interest rates are as -- as they are.
It normally have a stable income that is the base of the multiple of -- that's not an excessive amount of paper business the question is is it.
The severely eroding business.
He I think by contemporary standards that industries paid up -- -- for the equality and fan of the trademark in the goodwill and the trademark but he could it.
Get serious about a 24 hour all day.
Internet newspaper use his best writers is actually the -- you've got to go there to get them and connect it to two I -- a huge amount of work right rewrite people.
It just constantly revising up and connecting you to the archives and YouTube and everything else.
And make it a a more aggressive -- in the newspaper business is ever made up and how to sell ads and on and it's I suspect that might work better than previous.
More half hearted tries to -- and let's face it -- Most of these publishers have used the Internet expertise to try and draw people -- after -- -- the printed product to paint for the huge.
Investment they've made in presses on delivery systems.
Again I read about that Betsy you -- -- -- reading your book -- -- given all the problems you -- and you know on that your.
At a prison when you had also to charges against you that we're eventually whittled down from almost Juanita a couple -- didn't -- could argue back and forth whether.
They were justified or not securities -- and -- I was telling nonsense -- we get -- -- -- -- bottom line is you can't -- You're not allowed Baghdad states -- up to thirty years.
Do you think though there outside the case what -- -- of course it's not fair no part of it was fair -- that that isn't actually the real.
I am not I'm personally I'm on grass and the OS but of the moment.
It's -- in non Grata with me you know there's -- -- world beyond America.
I don't know but -- do not argue alas if you came to New York right now Conrad went out there wouldn't it would let let me out of the airport and I got to do this no reasonable to ask.
But I had so that -- my next question you wrote a very complimentary book about America.
As you have in Atlanta -- a number of American presidents from Richard has sent.
Aren't you speak to those -- -- highly Ronald Reagan and FDR did talk about fair and balanced.
So you you you you Donald -- and and and speak if you assembly of this country and America.
-- the same country that that that has you hiding out in Canada.
What exactly hiding and I'm staying in the -- that has been my address for 61 I understand that that's a little rough right but you're still very friendly to us.
Well look -- I'm not all -- affectionate to the country as it is now but we'll let us trying to keep perspective here we always love his story in his arm and kindness to say -- -- got to try and do that but they.
You know the fact that the country persecuted me half to death doesn't mean that it isn't still a great country of -- great country and Americans -- right to be proud of but there are some real problems and Americans about the justice system is one of them look at a time heals most wounds and you know I wouldn't say that -- I won't be back in the US and and in due course I think I could make an application would be successful not even.
The prosecutors who accuse me of everything except complicity in the assassination.
-- had a blast -- OK it's not.
Even know you didn't -- here you didn't hear it actually just got word that you listen.
The arm yes a little bit and let -- not even they claim amendments to -- to society in the US -- I'd I'd suspect our time to time when it -- be done well they are looking forward your whereabouts of Garfield but that's a separate issue.
Filter by section