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Detailed text transcripts for TV channel - MSNBC - 20130807:07:22:00

Community. the grahams are deeply in washington. jeff bezos lives in washington but not the one where the paper is. he lives in washington state. that to me does feel like something new and also something potentially important in terms of if you begin seeing sort of cross state or you could imagine international ownership of the papers. the local mission they play in addition to their prestige induced or prestige headlining national and international role. that s the most interesting thing. he didn t grow up in the shadow of the washington post and buying the hometown paper or the hometown sports team. one of the interesting things about that amazon is very good at two things that are really important to the news industry. one is user experience. they are expert at making it easy for people to buy things. the user experience for news has never been all that good. ....

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Detailed text transcripts for TV channel - MSNBC - 20130807:00:19:00

Somebody like myself to just stand back and say, look, maybe the poe can do something for him as well. this is not just some guy off the street who is buying the paper. he runs the biggest online retailer in the kun are try, a company that has a lot of business in washington. there s a bill before the house at the moment about sales taxes in the states which amazon has massive stakes in. there are antitrust inquiries, current, past and future which the company is going to be involved in. so i think, you know, it s legitimate to raise the question why he s buying the paper, does he have some interest? i don t know. i haven t had a secret interview where he said here is the real reason i m buying the post. but i think when any rich, well-connected, powerful businessman buys a newspaper, it s incumbent on journalists to take a look and say what s he really up to? i think there ends up being this sort of the daily beast is driven by daily not daily barry dill er who ....

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Detailed text transcripts for TV channel - MSNBC - 20130807:07:56:00

They re not going to want to give that up without a fight and so it s just too politically toxic in washington. i think that s only part of the truth here. we have a tendency to blame everything on interest groups, right? it s the bad interest groups keeping this policy but the american people, you polled the mortgage interest tax deduction, it s a whole lot more popular than anyone in washington is and it s connected to this cultural belief we have that fundamentally what is the american dream is getting to buy your house and so the american government should be helping you achieve the american dream. so we end up subsidizing richer people. it s a perverse way our politics works on this particular issue. yeah, absolutely. the american dream is actually not the mortgage interest part but the tax deduction part. it s really hard to take away tax deductions from people and they like the idea that it s there for them theoretically even if they re not using it. and so it is almost seen ....

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Detailed text transcripts for TV channel - MSNBC - 20130807:07:28:00

Content and it s an enormous amount of our informational resources. the washington post sort of embolizes the old model. they could go national. they rely on local advertising and really dominate the washington market which they ve always done in northern virginia and maryland, et cetera. and that was an incredibly lucrative and rewarding business model for years. warren buffett bought in, made a fortune on the paper. the grahams became this great family and it s gone to hell because of the internet. everywhere else in silicon valley people are saying why would you purchase a newspaper? that s dead wood. then along comes jeff bezos, you know, this little guy who is the great internet icon, and he says, no, wait a minute. this paper is worth $250 million. to me there s a sort of disconnect there and i don t know what the answer is. that s why i have my interview request in. ....

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Detailed text transcripts for TV channel - MSNBC - 20130807:00:23:00

Easy for people to buy things. the user experience for news has never been all that good. it s not easy to find your way around the washington post website. hey. the other thing that amazon had to pioneer to be good at what it does is trust. if you don t trust that your transaction is going to go through, if you can t trust your credit card to amazon, you re not going to buy anything there. and trust is the coin of the realm in journalism as well. so the fact that he s not buying this to be a big player in town, he doesn t have a house that the power players in washington can come to and gather around his dinner table. it means that the focus is going to have to be on the product, on the journalist,s and one hopes on the users. and i think that one of the interesting questions that ends up being is who will be the users of this going forward? i want to talk about that when we come back. e things anyone ca. it steals your memories. your independence. ensures support, a breakthro ....

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