WEBVTT - Bloomberg Tech Screentime Special 0:00:00.040 --> 0:00:13.520 Bloomberg Audio Studios, Podcasts, radio news. Bloomberg Tech is live 0:00:13.600 --> 0:00:17.400 from coast to coast with Carolline Hyde in New York 0:00:17.680 --> 0:00:19.480 and Eva Low in sentences. 0:00:19.560 --> 0:00:29.120 Go Welcome to a special edition of Bloomberg Tech Live 0:00:29.120 --> 0:00:32.440 from Bloomberg screen Time in Los Angeles. Coming up this hour, 0:00:32.520 --> 0:00:34.640 we're going to bring you conversations with some of the 0:00:34.720 --> 0:00:36.879 biggest names in the entertainment industry. 0:00:36.960 --> 0:00:39.559 We'll we're speaking with top celebrities, ed the entrepreneurs, with 0:00:39.560 --> 0:00:43.479 the leaders across this very much changing media landscape. And 0:00:43.560 --> 0:00:46.639 we first go to the talk of the town here 0:00:46.680 --> 0:00:49.239 at screen Time, of course, it was Jimmy Kimmel, the 0:00:49.320 --> 0:00:52.000 late night show host, sat down on Bloomberg's Lucas Shaw 0:00:52.240 --> 0:00:55.200 and explained how he thinks his comments about the conservative 0:00:55.200 --> 0:00:59.160 activist Charlie Kirk were mischaracterized by the political right. Take 0:00:59.200 --> 0:00:59.520 a listen. 0:01:01.600 --> 0:01:04.160 I didn't think there was a big problem, I you know, 0:01:04.240 --> 0:01:07.800 I just saw it as distortion on the part of 0:01:08.520 --> 0:01:11.240 some of the right wing media networks, and I. 0:01:11.240 --> 0:01:13.480 Was I aimed to correct it. 0:01:14.720 --> 0:01:17.759 I have problems like all the time, and it's kind 0:01:17.760 --> 0:01:20.880 of funny because sometimes you think, oh, this is not 0:01:20.959 --> 0:01:23.600 a problem, and then it turns into a big problem. 0:01:23.640 --> 0:01:26.000 And then sometimes it goes the other way where you 0:01:26.000 --> 0:01:27.520 think like, oh, oh, this is gonna be a problem 0:01:27.680 --> 0:01:28.720 nobody really notices. 0:01:28.920 --> 0:01:31.520 And so at what point did you realize this was 0:01:31.560 --> 0:01:32.160 a problem? 0:01:32.560 --> 0:01:38.200 I think when when they pulled the show off the air, Well, 0:01:38.200 --> 0:01:39.080 that's unusual. 0:01:39.240 --> 0:01:40.600 Yeah, And what. 0:01:40.720 --> 0:01:43.320 Were the conversations that Data and Bob that led to that. 0:01:46.440 --> 0:01:50.280 I hate to disappoint you, but they were really good conversations. 0:01:50.520 --> 0:01:54.400 I'm not a thinking I mean, like really good conversations 0:01:54.440 --> 0:01:58.000 they are. These are people that I've known for a 0:01:58.080 --> 0:02:00.520 long time and who I like very much much, and 0:02:00.560 --> 0:02:04.360 who were you know, who wanted we all wanted this 0:02:04.440 --> 0:02:06.240 to work out best. And I will tell you like 0:02:06.800 --> 0:02:09.200 I mean, first of all, I ruined Dana's weekend. It 0:02:09.240 --> 0:02:13.440 was just NonStop phone calls all weekend. But I don't 0:02:13.480 --> 0:02:16.440 think what I don't think the result, which I think 0:02:16.600 --> 0:02:20.600 turned out to be very positive, would have been as 0:02:20.720 --> 0:02:24.480 positive if I hadn't talked to Dana as much as 0:02:24.480 --> 0:02:27.720 I did, because it helped me think everything through and 0:02:27.760 --> 0:02:30.800 it helped me just kind of understand where everyone was 0:02:30.840 --> 0:02:34.600 coming from. I can sometimes be reactionary, I can sometimes 0:02:34.600 --> 0:02:39.640 be aggressive, and I can sometimes be unpleasant, and I 0:02:39.680 --> 0:02:44.520 think that it helped me. Really having those days to 0:02:44.600 --> 0:02:46.560 think about it was helpful. 0:02:47.280 --> 0:02:49.480 I have a dumb question about this as someone who 0:02:49.560 --> 0:02:52.200 is kind of reporting on it in real time, trying 0:02:52.200 --> 0:02:55.000 to figure out what's happening. So the show goes up there, 0:02:55.760 --> 0:02:59.320 you have all these conversations and when you made it 0:02:59.400 --> 0:03:01.239 or when you made a decision put the show back 0:03:01.240 --> 0:03:03.480 on the air, as my understanding at the time was, 0:03:03.639 --> 0:03:05.680 it still wasn't exactly clear what you were going to say. 0:03:06.000 --> 0:03:09.000 They still hadn't resolved the issues with the affiliates. So 0:03:10.240 --> 0:03:13.520 what do you resolve in those conversations to know you're 0:03:13.560 --> 0:03:15.800 going back if you haven't figured out a lot of 0:03:15.800 --> 0:03:16.960 the things that come out of it. 0:03:17.120 --> 0:03:17.840 I think just the. 0:03:17.800 --> 0:03:21.160 Spirit of what I'm going to say rather than specifically 0:03:21.200 --> 0:03:23.760 what I was going to say, And I think that's 0:03:23.800 --> 0:03:26.519 something that we all agreed on, and I think that. 0:03:29.800 --> 0:03:32.720 Ultimately I wanted to kind of. 0:03:32.680 --> 0:03:35.920 Cover every base if I could, and sometimes you can 0:03:36.000 --> 0:03:38.840 do that and sometimes you can't do that. And it 0:03:38.960 --> 0:03:43.920 was something really that had to come from inside me. 0:03:44.000 --> 0:03:46.120 It had to be truthful. 0:03:45.800 --> 0:03:48.280 And I had to lay it all out there and 0:03:48.520 --> 0:03:51.520 just be honest about what I was feeling and what 0:03:51.600 --> 0:03:54.480 I'd experienced, and I think I did, and I think 0:03:54.520 --> 0:03:58.480 that it probably went about as well as it could go. 0:03:59.280 --> 0:04:01.160 I knew that it wasn't going to be perfect, and 0:04:01.160 --> 0:04:03.800 there were always going to be people that didn't like 0:04:03.840 --> 0:04:08.800 it and didn't accept it. But the important thing to 0:04:08.840 --> 0:04:14.880 me was that I was able to explain what I 0:04:15.000 --> 0:04:16.880 was saying, what I was trying to say. 0:04:17.080 --> 0:04:17.760 You felt like your. 0:04:17.640 --> 0:04:19.560 Initial comments had been mischaracterized. 0:04:20.440 --> 0:04:21.920 I didn't feel like it they were. 0:04:22.520 --> 0:04:26.520 It was intentionally and I think maliciously mischaracterized. 0:04:26.600 --> 0:04:31.159 Yeah, there was Jimmy Kimmel there with Bloombog screen time 0:04:31.200 --> 0:04:36.240 host Lucas Shaw, who joins us now this morning. The 0:04:36.320 --> 0:04:38.240 story around Jimmy Kimmel is one of the most read 0:04:38.279 --> 0:04:40.599 on the Bloomberg terminal and the website, and it's being 0:04:40.640 --> 0:04:44.200 shared across the industry. I think that's not that surprising, right, Lucas. 0:04:45.320 --> 0:04:48.120 The headline is really straightforward. He thought that the show 0:04:48.240 --> 0:04:50.800 was done, and in the course of what we just heard, 0:04:50.839 --> 0:04:54.520 he explained everything that happened in the days that followed 0:04:54.839 --> 0:04:57.960 being taken off air, confirming quite a lot of your reporting. 0:04:58.320 --> 0:05:00.160 I just invite you to take it from there. And 0:05:00.600 --> 0:05:03.000 the main takeaways from you from the conversation. 0:05:02.800 --> 0:05:06.520 Well, I guess I was a little surprised on respect 0:05:06.640 --> 0:05:11.040 not shocked by how effusive his praise was for Disney, 0:05:11.600 --> 0:05:15.159 just because in the moment, my sense from people around 0:05:15.279 --> 0:05:17.280 him was that he was pretty pissed off at them, 0:05:17.360 --> 0:05:19.040 right they had taken him off the air. You heard 0:05:19.120 --> 0:05:21.400 him say, I didn't think I did anything that wrong. 0:05:22.080 --> 0:05:25.360 My comments got sort of weaponized by right wing media, 0:05:25.760 --> 0:05:28.600 and yet he's had nothing but positive things to say 0:05:28.600 --> 0:05:31.920 about CEO Bob Bieger, about entertainment coachair Dana Walden. He 0:05:31.960 --> 0:05:35.080 sort of somewhat endorsed Dana Walden to succeed Bob Byger, 0:05:35.920 --> 0:05:38.120 which you know, I don't know that he or Dana 0:05:38.160 --> 0:05:43.320 were expecting to happen last night, But this turn from 0:05:43.360 --> 0:05:45.960 what could have been a really sad, ugly episode in 0:05:46.000 --> 0:05:48.040 his career to something that has made him something of 0:05:48.080 --> 0:05:52.080 a hero. And so I you know, this was I 0:05:52.120 --> 0:05:53.960 guess a little bit of a victory lap for him, a. 0:05:53.960 --> 0:05:56.400 Victory lap, which then you get to the nittigritty of numbers, 0:05:56.400 --> 0:05:58.799 because that's what BlueBag does and you're trying to present 0:05:58.880 --> 0:06:01.839 him that. Ultimately, yes, he record bump in terms of numbers, 0:06:02.320 --> 0:06:04.720 but the numbers haven't been great for late night television 0:06:04.760 --> 0:06:07.719 full stop. How did he navigate what he thinks is 0:06:07.839 --> 0:06:10.599 the revenue positive or negatives right now for him? 0:06:10.680 --> 0:06:13.000 Well, twofold one, he was like, look, there was a 0:06:13.040 --> 0:06:16.000 lot of reporting about how much his peer, Stephen Colbert's 0:06:16.000 --> 0:06:18.360 show was losing. He thinks that that's wrong. He knows 0:06:18.400 --> 0:06:20.560 how much money these shows cost to make. You know 0:06:20.760 --> 0:06:22.960 generally how much they bring in. I think he said 0:06:23.000 --> 0:06:24.719 last night it cost about one hundred and twenty million 0:06:24.760 --> 0:06:29.440 dollars to do one of these shows. But he also said, look, 0:06:29.480 --> 0:06:32.120 if they were losing money, they'd go off there. Stephen 0:06:32.160 --> 0:06:34.279 Colbert show is going off the air. We don't know 0:06:34.320 --> 0:06:37.000 the future of Kimmel's show. His contract is up next year. 0:06:37.080 --> 0:06:39.560 I think most people assume that he'll be around for 0:06:39.640 --> 0:06:42.120 a little bit longer. They don't want to At a minimum, 0:06:42.160 --> 0:06:43.960 they're not going to fire him in the same way 0:06:44.000 --> 0:06:47.720 that CBS did Coldert. But obviously the big challenge for 0:06:47.800 --> 0:06:49.920 late night is that there's just so much more consumption 0:06:49.960 --> 0:06:52.480 happening online and you can't monetize it in the same way. 0:06:52.520 --> 0:06:54.760 Found that's so interesting, Like his insight into how the 0:06:54.839 --> 0:07:00.320 industry works, budgets, talent costs, losses or not losses, because 0:07:00.320 --> 0:07:02.120 that's kind of the point of the rest of the day. 0:07:02.520 --> 0:07:03.760 We have many very. 0:07:03.640 --> 0:07:07.719 High profile speakers across entertainment and media generally, but just 0:07:07.760 --> 0:07:11.040 for you, what is your next big focus after last night? 0:07:11.120 --> 0:07:14.000 My first interview is David Allison, who I think is, 0:07:14.880 --> 0:07:19.000 other than Kim Well, probably the biggest interview of the conference, 0:07:19.080 --> 0:07:21.840 just because he hasn't done a big interview since taking 0:07:21.840 --> 0:07:25.280 over Paramounts Guidance. He seems to be in the news 0:07:25.280 --> 0:07:27.600 every other day. He bought Barry Weiss's The Free Press. 0:07:27.640 --> 0:07:29.240 He may or may not be trying to buy Warner 0:07:29.280 --> 0:07:31.720 Brothers Discovery. We'll talk about both those things with him. 0:07:31.880 --> 0:07:35.080 And you've got Warner Brothers Discovery at the table as well. 0:07:35.080 --> 0:07:37.120 That's gonna be fascinating considering the conversation you have with 0:07:37.160 --> 0:07:40.560 Greg Peters ocosio Netflix about how ultimately he's not after M. 0:07:40.600 --> 0:07:43.200 And A WBD, That's gonna be a fascinating conversation. 0:07:43.280 --> 0:07:46.160 Yeah, the code chairs of their movie studio, I'm sure 0:07:46.160 --> 0:07:49.800 that they will avoid talking about any big corporate matters 0:07:49.800 --> 0:07:52.320 and kind of refer that to their leadership. But look, 0:07:52.560 --> 0:07:54.480 they will be great to talk about the movie business with. 0:07:54.560 --> 0:07:56.800 They have been on a real hot streak with Sinners, 0:07:57.840 --> 0:08:01.040 with Minecraft, many other hits over the summer, Weapons and 0:08:01.080 --> 0:08:03.360 then the new Ppa movie which probably isn't a commercial 0:08:03.440 --> 0:08:05.080 hit but looks like an Oscar front runner. 0:08:05.880 --> 0:08:08.560 All right, Bloombe's Lucas. Sure, who's leading our coverage here 0:08:08.600 --> 0:08:11.760 at Bloomberg screen time in Los Angeles? Thank you very much. 0:08:11.800 --> 0:08:14.200 But actually here on Bloomberg Tech carry so much more. 0:08:14.240 --> 0:08:16.320 Coming up, we're going to be speaking with Catherine Meyer, 0:08:16.680 --> 0:08:20.400 NPR CEO. Look, public media faces threats, particularly under the 0:08:20.400 --> 0:08:22.880 Trump administration. Right now, what is the future of funding 0:08:23.080 --> 0:08:23.720 sick with us? 0:08:23.760 --> 0:08:24.600 This is a BlueBag tech. 0:08:38.240 --> 0:08:40.719 See, that's what happens when people get activated. 0:08:41.320 --> 0:08:43.319 People got activated. 0:08:42.800 --> 0:08:45.800 And demanded that Jimmy Kimmel come back on the air. 0:08:46.120 --> 0:08:48.480 And I think that there was a great victory. So 0:08:48.600 --> 0:08:51.959 sometimes you know, when you're struggling and you're going through 0:08:51.960 --> 0:08:54.920 all these changes because of the madness in DC, it's 0:08:54.960 --> 0:08:57.200 important to realize when you do win, when you have 0:08:57.280 --> 0:08:59.600 a victory, and I think Jimmy Kimmel being back on 0:08:59.600 --> 0:09:01.360 the air was a victory for all. 0:09:01.200 --> 0:09:08.319 Of us Los Angeles mayor there Karen Bass reacting to 0:09:08.400 --> 0:09:10.400 Jimmy Kimmel's return, of course, to the air after a 0:09:10.440 --> 0:09:14.840 brief suspension of what he described as a mischaracterization of 0:09:14.880 --> 0:09:19.240 his comments about Charlie Kirk. Meanwhile, look, public broadcasting as 0:09:19.280 --> 0:09:22.960 a whole is facing new challenges. Outlets PBS, NPR, for example, 0:09:23.040 --> 0:09:25.480 seeing their share in federal funding cut by Congress over 0:09:25.520 --> 0:09:28.600 the summer, and raisest questions about the future. The viability 0:09:28.640 --> 0:09:30.800 at the center of the debate is MPR CEO Katmah, 0:09:31.080 --> 0:09:33.440 who we're pleased to say not only has just been 0:09:33.720 --> 0:09:36.640 is joining us, having already been called before the Oversight 0:09:36.679 --> 0:09:41.480 Committee earlier this year. Kevin, how how do you navigate 0:09:41.520 --> 0:09:44.120 this time? How are you seeing the ability for MPR 0:09:44.200 --> 0:09:45.640 to thrive and drive forward? 0:09:46.000 --> 0:09:48.680 Well, there's certainly no roadmap for this moment in time. 0:09:48.720 --> 0:09:51.760 I think this represents a step change for all public broadcasting. 0:09:51.760 --> 0:09:53.920 It's not just here in the United States. We recognize 0:09:53.960 --> 0:09:57.400 that public broadcasters around the world are under and increasing 0:09:57.440 --> 0:10:00.920 scrutiny and pressure. The good new for us is that 0:10:00.960 --> 0:10:04.600 we have a viable model because we've built audiences over 0:10:04.640 --> 0:10:06.600 the fifty years we've been in existence. We have forty 0:10:06.600 --> 0:10:09.280 six million listeners a week, and so as we look 0:10:09.320 --> 0:10:11.360 to the future, we're looking at all, right, this is 0:10:11.400 --> 0:10:13.800 a change. It doesn't change our public service mandate, It 0:10:13.800 --> 0:10:17.320 doesn't change our mission and our obligation to the American public. 0:10:17.320 --> 0:10:18.840 It just probably will change how we have. 0:10:18.760 --> 0:10:19.520 To do our work. 0:10:20.040 --> 0:10:21.800 When you say how you do your work, does it 0:10:21.880 --> 0:10:24.080 ultimately mean that you have to think about the resources 0:10:24.080 --> 0:10:26.640 that you put to work there? Can you be as 0:10:26.679 --> 0:10:28.520 expansive in the coverage that you have in for so 0:10:28.600 --> 0:10:29.080 many years. 0:10:29.160 --> 0:10:29.840 It's a good question. 0:10:29.920 --> 0:10:33.040 It's something we're trying to figure out. NPR received traditionally 0:10:33.080 --> 0:10:36.679 about one percent of our budget directly from the federal government, 0:10:36.960 --> 0:10:39.360 but we have just one percent. But we have a 0:10:39.440 --> 0:10:42.040 network of around two hundred and fifty member stations which 0:10:42.080 --> 0:10:44.360 received as much as seventy percent in rural parts of 0:10:44.360 --> 0:10:46.560 the country, and so we're waiting to see what some 0:10:46.600 --> 0:10:49.479 of the fallout will be for those stations. We have projections. 0:10:49.520 --> 0:10:52.080 We're concerned about this, and we're looking at how we 0:10:52.120 --> 0:10:55.000 can buttress some of their work by cutting fees to 0:10:55.080 --> 0:10:58.040 them and thinking about how to make a dollar stretch 0:10:58.040 --> 0:11:00.840 a little bit further to continue to serve local community Cavin. 0:11:00.880 --> 0:11:02.679 I think there would be a lot of value in 0:11:02.720 --> 0:11:04.400 you explaining the business model. 0:11:04.520 --> 0:11:05.280 It is amazing. 0:11:05.559 --> 0:11:08.600 Well, the reason I ask actually is in preparation for today, 0:11:09.000 --> 0:11:12.000 I suddenly stopped and looked at mprs following on social 0:11:12.000 --> 0:11:15.560 platforms for example. It's very very big. Yes, you know, 0:11:15.640 --> 0:11:18.520 how do I consume some MPR content like on YouTube 0:11:18.559 --> 0:11:24.000 for example, But that isn't necessarily a big, big income generator. 0:11:24.080 --> 0:11:25.080 View is that? Is that right? 0:11:25.280 --> 0:11:25.439 Right? 0:11:25.480 --> 0:11:25.560 So? 0:11:25.600 --> 0:11:27.960 I think people think of us as radio because that's 0:11:28.040 --> 0:11:30.480 our origin, but in fact, fifty percent of our listening 0:11:30.559 --> 0:11:33.720 comes from digital platforms. It comes through podcasts, it comes 0:11:33.720 --> 0:11:37.000 through YouTube, it actually comes through reading online. And you 0:11:37.040 --> 0:11:39.560 can see in our numbers that our demographics are actually 0:11:39.640 --> 0:11:42.160 very well distributed. We've been accused of being too liberal, 0:11:42.160 --> 0:11:43.960 but what I can tell you is that when we 0:11:44.000 --> 0:11:46.040 look at the audience data as to who comes to us, 0:11:46.040 --> 0:11:50.240 it's actually a very represent representative distribution of the American public. 0:11:50.520 --> 0:11:53.240 So fifty percent of what we're doing is for digital audiences, 0:11:53.240 --> 0:11:56.000 and fifty percent of what we're doing is for radio audiences. 0:11:56.320 --> 0:11:58.440 On the radio side, we have these roughly two hundred 0:11:58.480 --> 0:12:01.840 for fifty members across the country. They serve ninety nine 0:12:01.880 --> 0:12:04.640 point seven percent of the American public, So in some 0:12:04.679 --> 0:12:07.640 ways we are one of the largest national networks. And 0:12:07.679 --> 0:12:10.880 we have three thousand local journalists around the country who 0:12:10.920 --> 0:12:13.800 then serve back into the network with stories that they're 0:12:13.840 --> 0:12:16.600 filing for their local communities and for their states. 0:12:16.679 --> 0:12:19.840 How does it make them feel when they're deemed to 0:12:19.880 --> 0:12:21.280 be too liberal. 0:12:21.200 --> 0:12:22.360 And how not good? 0:12:22.559 --> 0:12:22.800 Yeah? 0:12:22.840 --> 0:12:25.000 Really not good. I mean, we have reporters who are 0:12:25.000 --> 0:12:28.280 covering tribal areas who are primarily focused on the issues 0:12:28.280 --> 0:12:31.320 of Native American communities. We have reporters in rural Alaska 0:12:31.360 --> 0:12:34.280 who are focusing on the issues that their communities face, 0:12:34.360 --> 0:12:37.559 some of the issues around for example, fishing and access 0:12:37.600 --> 0:12:43.520 to access to the sorry the National Wildlife Preserve and 0:12:43.559 --> 0:12:46.720 what does that mean for economic opportunity for Alaskans. They're 0:12:46.720 --> 0:12:49.920 having nuanced conversations that represent the full spectrum of the 0:12:49.960 --> 0:12:53.120 American debate on any of these issues, and so to 0:12:53.360 --> 0:12:55.680 be called liberal or to be demeaned in that way 0:12:55.760 --> 0:12:58.000 is really a misrepresentation of the work that they do. 0:12:58.559 --> 0:13:00.960 Nuanced is a great word, maed more of it. 0:13:01.040 --> 0:13:02.800 Well, we try to make sure that we're hearing from 0:13:02.840 --> 0:13:04.959 all sides of the story. In every story, and that 0:13:05.000 --> 0:13:08.160 means that we are representing sure, of course communities in 0:13:08.160 --> 0:13:10.560 California that perhaps have one point of view, but also 0:13:10.600 --> 0:13:12.760 communities in Indiana that have a different point of view. 0:13:13.400 --> 0:13:15.120 You know, we talked about this as a team, and 0:13:15.720 --> 0:13:17.720 one of our producers, Oreie Thomas, brought up the idea 0:13:17.760 --> 0:13:20.240 that there is like the NPR strategy, and then there's 0:13:20.240 --> 0:13:24.440 what the local stations are doing on the politics side 0:13:24.440 --> 0:13:27.840 of things. You know, how are the local stations reacting, 0:13:27.880 --> 0:13:30.720 for example, if a lot of their listener base did 0:13:30.840 --> 0:13:33.679 vote for President Trump, you know, with what's going on, 0:13:33.760 --> 0:13:36.360 how are you factoring that in? But also, like in 0:13:36.400 --> 0:13:39.360 the business model, do you end up sort of also 0:13:39.440 --> 0:13:42.920 competing at the MPR level with the local station level 0:13:42.920 --> 0:13:47.160 because you're trying to pursue different subscribers things like that. 0:13:47.240 --> 0:13:49.520 Well, those are sort of two very different questions. I mean, 0:13:49.720 --> 0:13:53.520 we aim to serve the entire spectrum of American conversation, right, So, 0:13:53.559 --> 0:13:56.040 we had the White House Press Secretary on just last 0:13:56.040 --> 0:13:59.479 week speaking directly to the American public about the administrations 0:13:59.520 --> 0:14:02.560 thinking on the current government shutdown. We invite members of 0:14:02.600 --> 0:14:05.720 both parties on all the time. We invite independent voices 0:14:05.760 --> 0:14:07.960 on all the time. This is important to us, but 0:14:08.000 --> 0:14:10.319 it's not just our politics coverage. It's also coverage of 0:14:10.360 --> 0:14:13.560 American life all of the cultural aspects that make up 0:14:13.559 --> 0:14:15.560 our differences as well. And that is one of the 0:14:15.600 --> 0:14:18.839 flexibilities of local reporting is it means that our station 0:14:18.960 --> 0:14:22.160 in Utah can run stories about the local reaction to 0:14:22.160 --> 0:14:25.440 the Charlie Kirk assassination as well as contributing to our 0:14:25.560 --> 0:14:28.280 national coverage, so that Americans all across the country can 0:14:28.320 --> 0:14:29.200 hear from those perspects. 0:14:29.280 --> 0:14:32.600 What is the feedback from American from the American listeners 0:14:32.600 --> 0:14:34.600 about everything that's happened, Well. 0:14:34.840 --> 0:14:37.040 I mean on the news, of course. I think what 0:14:37.080 --> 0:14:40.400 we hear very consistently is that this is a concerning time. 0:14:40.440 --> 0:14:43.800 People dislike the amount of polarization. We do hear that 0:14:43.880 --> 0:14:46.160 our coverage and the way that we approach things tends 0:14:46.160 --> 0:14:49.240 to bring people closer to an understanding of their fellow 0:14:49.280 --> 0:14:52.600 Americans because we really do focus on finding the personal story. 0:14:52.640 --> 0:14:54.600 We'd like to say that everything that happens in America 0:14:54.600 --> 0:14:56.800 happens somewhere, and so we're always trying to find this 0:14:56.840 --> 0:14:59.720 somewhere that that is happening, whether it's the implications of 0:14:59.800 --> 0:15:03.520 tearfs or you know the conversation that's happening around For example, 0:15:03.600 --> 0:15:05.960 Jimmy Kimmel, who you were just recently referencing. 0:15:05.920 --> 0:15:08.920 Listeners are so loyal you turn to them for funding. 0:15:09.120 --> 0:15:12.400 Have you seen big billionaires, big donors wanting. 0:15:12.120 --> 0:15:13.320 To step up into this moment. 0:15:14.640 --> 0:15:18.320 We have seen a outpouring of support, absolutely so. New 0:15:18.320 --> 0:15:21.480 Hampshire Public Radio for example, raised a million dollars in 0:15:21.520 --> 0:15:24.400 response to the defunding efforts and over the course of 0:15:24.440 --> 0:15:27.560 a short period of weeks. We really appreciative of this, 0:15:27.680 --> 0:15:30.440 but that won't fill the gap for these rural communities 0:15:30.440 --> 0:15:34.440 that are already sizzy economically strapped. There's a reason they 0:15:34.440 --> 0:15:36.960 have been federally funded. We know that for sorry, we 0:15:36.960 --> 0:15:40.080 know that twenty percent of Americans live without local news. 0:15:40.080 --> 0:15:42.760 There's a reason for that. The market cognitions don't allow it, 0:15:43.000 --> 0:15:45.240 and that's where public media has filled in the gap. 0:15:45.360 --> 0:15:47.640 So that still remains a challenge. 0:15:47.680 --> 0:15:48.480 We have seen a. 0:15:48.440 --> 0:15:51.040 Lot of support, of course, across the board for public radio. 0:15:51.320 --> 0:15:53.360 I think there were three million people who wrote into 0:15:53.400 --> 0:15:55.800 Congress to support the to support us at the time 0:15:55.840 --> 0:15:56.560 of defunding. 0:15:57.160 --> 0:15:58.200 But it won't be enough. 0:15:58.080 --> 0:16:00.600 To fill one hundred and twenty million dollar gap relative 0:16:00.640 --> 0:16:01.840 to the defending of your. 0:16:01.760 --> 0:16:03.320 Own background is so fascinating. 0:16:03.520 --> 0:16:06.200 Having been for a stint with the Web Summit, making huge, 0:16:06.320 --> 0:16:10.880 big events and for a tech community, you're on the 0:16:11.000 --> 0:16:14.040 chair of the Signal Foundation, You're also been at Wikipedia. 0:16:14.840 --> 0:16:18.200 I'm interested as to how in this moment of belt tightening, 0:16:18.440 --> 0:16:20.680 your technological savvy comes into all of it. 0:16:20.760 --> 0:16:23.280 Well, I actually think that technology is an enormous advantage 0:16:23.360 --> 0:16:25.640 for the complex structure that you have. You asked me 0:16:25.680 --> 0:16:28.080 about the business model earlier, and I think it's a 0:16:28.080 --> 0:16:28.960 great lead into this. 0:16:29.120 --> 0:16:29.840 Right, there is a. 0:16:29.920 --> 0:16:32.080 Way in which we could be in competition all of 0:16:32.080 --> 0:16:36.440 these local stations seeking to now transform their work for 0:16:36.480 --> 0:16:39.560 a national audience. Technology actually offers us the place to 0:16:39.600 --> 0:16:42.240 bring all of that aggregate reporting together. And so if 0:16:42.280 --> 0:16:44.680 somebody is running a really great story here in LA 0:16:44.760 --> 0:16:47.360 about a local band that is about to go on tour, 0:16:47.800 --> 0:16:50.080 and I reference that because music is a big part 0:16:50.080 --> 0:16:52.960 of what we do at NPR, we now have the 0:16:53.000 --> 0:16:55.920 ability to serve that to any audience member anywhere across 0:16:55.920 --> 0:16:57.720 the country who might be interested in what that. 0:16:57.640 --> 0:16:58.440 Band is about to do. 0:16:58.960 --> 0:17:00.720 Right, we wouldn't have been able to do that in 0:17:00.760 --> 0:17:04.000 a previous era, but the ability of digital platforms, the 0:17:04.040 --> 0:17:06.760 affordances for us to serve audiences seamlessly. They don't think 0:17:06.760 --> 0:17:08.879 of us as our local station versus our local station. 0:17:09.200 --> 0:17:11.760 They think of us as one public media experience, and 0:17:11.800 --> 0:17:13.160 that's really what we're leaning into. 0:17:13.320 --> 0:17:15.520 So, Sweden, what are you going to do differently are 0:17:15.520 --> 0:17:17.440 in this environment? What are you going to change to 0:17:18.200 --> 0:17:19.920 bring in more money that you need? 0:17:20.200 --> 0:17:23.280 Well, certainly investing pretty heavily in the fundraising piece. I mean, 0:17:23.280 --> 0:17:25.200 I don't think that that's dissimilar from what we've seen 0:17:25.200 --> 0:17:28.320 in nonprofit news as a whole. We've seen tremendous success 0:17:28.440 --> 0:17:32.400 in the nonprofit news sector in building subscriptions and building memberships. 0:17:32.640 --> 0:17:34.439 That's an opportunity for us, and in fact, we've been 0:17:34.480 --> 0:17:36.280 doing it for a long time. We have millions and 0:17:36.320 --> 0:17:38.920 millions of loyal donors across the country. It's time to 0:17:38.920 --> 0:17:41.360 bring in the next generation. You mentioned I come from Wikipedia. 0:17:41.400 --> 0:17:44.320 We have a little experience in this right, So that's 0:17:44.359 --> 0:17:45.879 one piece of it. I also think that it's an 0:17:45.920 --> 0:17:48.120 opportunity for us to think about how we're doing our 0:17:48.200 --> 0:17:51.399 news gathering and news production more effectively. And so we 0:17:51.440 --> 0:17:53.639 have all these journalists across the country. What does it 0:17:53.720 --> 0:17:56.040 mean to do the national editorial planning where we're really 0:17:56.080 --> 0:17:58.879 thinking about how to elevate these conversations that are happening 0:17:58.960 --> 0:18:01.959 around the country into the national story. And then of 0:18:02.000 --> 0:18:04.720 course we have this great international and national reporting that 0:18:04.720 --> 0:18:05.880 we mean to now weave. 0:18:05.680 --> 0:18:08.840 Into the next Cafreine mayor MPR CEO, thank you very 0:18:08.880 --> 0:18:11.240 much for being with us here at Bloomberg's screen Time. Meanwhile, 0:18:11.680 --> 0:18:14.120 Warner Music Group is said to be in close agreement 0:18:14.160 --> 0:18:17.640 with Netflix to create a slate of movies and documentaries 0:18:17.680 --> 0:18:20.800 based on the record labels catalog of artists and songs. 0:18:21.000 --> 0:18:24.200 That's according to sources. Here's what Warner Music Group CEO 0:18:24.320 --> 0:18:27.240 Robert Kilhle said about a potential deal. 0:18:28.600 --> 0:18:33.040 I cannot confirm anything, but but the you know, if 0:18:33.040 --> 0:18:36.360 you step back and think about this, it makes a lot. 0:18:36.440 --> 0:18:43.960 You know, our company has tremendous catalog, Prince Madonna, Fleetwood, 0:18:44.040 --> 0:18:46.199 Mac and it's just it just goes on and on 0:18:46.240 --> 0:18:51.119 and on. The stories that we have are incredible and 0:18:51.240 --> 0:18:52.439 they haven't really been topped. 0:18:53.960 --> 0:18:56.200 It more like Marvel for music. 0:18:56.760 --> 0:19:00.199 I said, that's that's that's where we are and it 0:19:00.400 --> 0:19:04.040 will be unlocked and so it makes a lot of 0:19:04.080 --> 0:19:07.680 sense for us to partner with a company that can 0:19:07.720 --> 0:19:10.600 bring it to life all around the world. And it's 0:19:10.640 --> 0:19:14.400 exciting both for acts who are no longer with us, 0:19:15.840 --> 0:19:18.920 but we make their estates happy and satisfied, but also 0:19:18.960 --> 0:19:21.600 for acts who are with us, who then can actually 0:19:21.600 --> 0:19:25.240 help bring young audiences to the streaming platforms. 0:19:25.840 --> 0:19:27.719 Robert kinsil One, a music group CEO. 0:19:27.800 --> 0:19:33.800 Then I think it's it's hard for any brand that 0:19:33.880 --> 0:19:37.159 has a deep, you know, consumer sense of what are 0:19:37.200 --> 0:19:39.600