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Transcripts for BBCNEWS The Media Show 20220115 16:40:00

can i ask you a practical question? as you know very well, breaking news is an expensive business, reporters have to spend a lot of time working on stories, some of them do not come to fruition. if you want to be first on stories on the global stage, you have to hire a lot of people. have you thought about what kind of scale newsroom you re trying to build? i don t have a number, but, yes, we will certainly be hiring dozens of journalists. some in london. i think that is one of the opportunities, is that a lot ofjournalists are restless and interested in something new right now. for the sake of the discussion, let s assume that happens you hire some brilliantjournalists, you start making some innovative and differentjournalism. what is the business model that you hope to serve? well, i think we aim to have a blend of advertising, subscription events, other businesses, but that s the core of the media business and if you look at my partner justin s career at the atlantic, and at bloom

Transcripts for BBCNEWS The Media Show 20220116 17:41:00

i think that is one of the opportunities, is that a lot ofjournalists are restless and interested in something new right now. for the sake of the discussion, let s assume that happens you hire some brilliantjournalists, you start making some innovative and differentjournalism. what is the business model that you hope to serve? well, i think we aim to have a blend of advertising, subscription events, other businesses, but that s the core of the media business and if you look at my partner justin s career at the atlantic, and at bloomberg, what he has found in his career is if you have a really high quality product, there s a lot of appetite for it in all of those areas. and you will be aware, almost more aware than anyone, because you worked at buzzfeed news and you ll have monitored very closely, for example, what huffpost has done in the news arena, you will be aware how challenging it is for anyone new to enter an arena where a big beasts like the new york times, the bbc and others

Transcripts for BBCNEWS The Media Show 20220116 05:40:00

some in london. i think that is one of the opportunities, is that a lot ofjournalists are restless and interested in something new right now. for the sake of the discussion, let s assume that happens you hire some brilliant journalists, you start making some innovative and different journalism. what is the business model that you hope to serve? well, i think we aim to have a blend of advertising, subscription events, other businesses, but that s the core of the media business and if you look at my partner justin s career at the atlantic, and at bloomberg, what he has found in his career is if you have a really high quality product, there s a lot of appetite for it in all of those areas. and you will be aware, almost more aware than anyone, because you worked at buzzfeed news and you ll have monitored very closely, for example, what huffpost has done in the news arena, you will be aware how challenging it is for anyone new to enter an arena where a big beasts like the new york times,

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