WEBVTT - Defense Tech Special 0:00:00.040 --> 0:00:13.560 Bloomberg Audio Studios, Podcasts, radio news. Bloomberg Tech is live 0:00:13.600 --> 0:00:17.440 from coast to coast with Caroline Hyde in New York 0:00:17.680 --> 0:00:19.639 and Eva low In sent Francisco. 0:00:26.400 --> 0:00:29.280 Welcome to a special edition of Bloomberg Tech Live from 0:00:29.320 --> 0:00:32.440 Bloomberg screen Time in Los Angeles. Coming up this hour, 0:00:32.560 --> 0:00:34.720 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 with entrepreneurs, with 0:00:39.680 --> 0:00:43.640 leaders across this very much changing media landscape. And we 0:00:43.800 --> 0:00:46.800 first go to the talk of the town here at 0:00:46.840 --> 0:00:49.560 screen Time, of course, it was Jimmy Kimmel, the late 0:00:49.680 --> 0:00:52.320 night show host, sat down on Bloomberg's Luca Shaw and 0:00:52.400 --> 0:00:55.680 explained how he thinks his comments about the conservative activist 0:00:55.720 --> 0:00:58.639 Charlie Kirk were mischaracterized by the political right. 0:00:59.040 --> 0:00:59.560 Take a listen. 0:01:01.600 --> 0:01:04.200 I didn't think there was a big problem, I you know, 0:01:04.280 --> 0:01:07.800 I just saw it as distortion on the part of 0:01:08.560 --> 0:01:11.160 some of the right wing media networks. 0:01:10.720 --> 0:01:13.479 And I 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 0:01:21.000 --> 0:01:23.560 a problem, and then it turns into a big problem. 0:01:23.640 --> 0:01:25.639 And then sometimes it goes the other. 0:01:25.520 --> 0:01:27.119 Way where you think like, oh, oh, this is gonna 0:01:27.120 --> 0:01:28.720 be a problem 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 --> 0:01:32.200 a problem? 0:01:32.560 --> 0:01:38.240 I think when when they pulled the show off the air, Well, 0:01:38.240 --> 0:01:39.080 that's unusual. 0:01:39.240 --> 0:01:42.640 Yeah, And what were the conversations that Data and bobbed 0:01:42.680 --> 0:01:43.319 that led to that. 0:01:46.440 --> 0:01:50.320 I hate to disappoint you, but they were really good conversations. 0:01:50.520 --> 0:01:53.560 I'm not as thinking any I mean, like really good 0:01:53.600 --> 0:01:55.000 conversations they are. 0:01:55.520 --> 0:01:58.680 These are people that I've known for a long time 0:01:58.720 --> 0:02:01.480 and who I like very much much, and who were 0:02:02.200 --> 0:02:04.800 you know, who wanted we all wanted this to work 0:02:04.840 --> 0:02:07.120 out best. And I will tell you like I mean, 0:02:07.160 --> 0:02:09.560 first of all, I ruined Dana's weekend. It was just 0:02:09.919 --> 0:02:14.360 NonStop phone calls all weekend. But I don't think what 0:02:14.639 --> 0:02:17.119 I don't think the result, which I think turned out 0:02:17.120 --> 0:02:21.920 to be very positive, would have been as positive if 0:02:22.080 --> 0:02:24.880 I hadn't talked to Dana as much as I did, 0:02:24.960 --> 0:02:28.200 because it helped me think everything through, and it helped 0:02:28.200 --> 0:02:31.519 me just kind of understand where everyone was coming from. 0:02:31.919 --> 0:02:35.680 I can sometimes be reactionary, I can sometimes be aggressive, 0:02:36.200 --> 0:02:40.079 and I could sometimes be unpleasant, and I think that 0:02:40.840 --> 0:02:45.239 it helped me. Really having those days to think about 0:02:45.240 --> 0:02:46.600 it was helpful. 0:02:47.000 --> 0:02:49.320 Okay, I have a dumb question about this as someone 0:02:49.320 --> 0:02:52.000 who is kind of reporting on it in real time 0:02:52.040 --> 0:02:54.440 trying to figure out what's happening. So the show goes 0:02:54.520 --> 0:02:58.760 up there, you have all these conversations and when you 0:02:58.880 --> 0:03:00.799 made it or when you made a decision put the 0:03:00.800 --> 0:03:03.040 show back on the air, as my understanding at the 0:03:03.080 --> 0:03:05.200 time was, it still wasn't exactly clear what you were 0:03:05.200 --> 0:03:07.480 going to say. They still hadn't resolved the issues at 0:03:07.520 --> 0:03:12.480 the affiliates. So what do you resolve in those conversations 0:03:13.000 --> 0:03:15.400 to know you're going back if you haven't figured out 0:03:15.440 --> 0:03:17.040 a lot of the things that come out of it. 0:03:17.160 --> 0:03:19.560 I think just the spirit of what I'm going to 0:03:19.600 --> 0:03:22.200 say rather than specifically what I was going to say, 0:03:22.680 --> 0:03:25.320 And I think that's something that we all agreed on, 0:03:25.560 --> 0:03:26.440 and I think that. 0:03:29.800 --> 0:03:32.760 Ultimately I wanted to kind of. 0:03:32.680 --> 0:03:35.960 Cover every base if I could, and sometimes you can 0:03:36.040 --> 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 --> 0:03:47.240 It had to be truthful, and I had to lay 0:03:47.280 --> 0:03:50.200 it all out there and just be honest about what 0:03:50.280 --> 0:03:53.480 I was feeling and what I'd experienced, and I think 0:03:53.520 --> 0:03:57.320 I did, and I think that it probably went about 0:03:57.360 --> 0:03:59.840 as well as it could go. I knew that it 0:03:59.920 --> 0:04:01.840 was wasn't going to be perfect, and there were always 0:04:01.840 --> 0:04:04.600 going to be people that didn't like it and didn't 0:04:04.640 --> 0:04:09.760 accept it. But the important thing to me was that 0:04:10.000 --> 0:04:15.720 I was able to explain what I was saying what 0:04:15.760 --> 0:04:16.840 I was trying to say. 0:04:16.880 --> 0:04:17.760 Because you felt like your. 0:04:17.680 --> 0:04:21.320 Initial comments had been mischaracterized, I didn't feel like it 0:04:21.600 --> 0:04:21.960 they were. 0:04:22.560 --> 0:04:26.520 It was intentionally and I think maliciously mischaracterized. 0:04:26.600 --> 0:04:33.800 Yeah, there was Jimmy Kimmel there with Bloombog screen time 0:04:33.880 --> 0:04:38.960 host Lucas Shaw, who joins us now this morning. The 0:04:39.000 --> 0:04:40.960 story around Jimmy Kimmel was one of the most read 0:04:40.960 --> 0:04:43.280 on the Bloomberg terminal and the website, and it's being 0:04:43.320 --> 0:04:46.880 shared across the industry. I think that's not that surprising, right, Lucas. 0:04:48.000 --> 0:04:50.800 The headline is really straightforward. He thought that the show 0:04:50.920 --> 0:04:53.480 was done, and in the course of what we just heard, 0:04:53.520 --> 0:04:57.200 he explained everything that happened in the days that followed 0:04:57.560 --> 0:05:00.720 being taken off air, confirming quite a lot of your reporting. 0:05:01.000 --> 0:05:02.840 I just invite you to take it from there, and 0:05:03.279 --> 0:05:05.680 the main takeaways from you from the conversation. 0:05:05.520 --> 0:05:09.240 Well, I guess I was a little surprised on retrospect, 0:05:09.360 --> 0:05:13.719 not shocked by how effusive his praise was for Disney, 0:05:14.279 --> 0:05:17.919 just because in the moment, my sense from people around 0:05:18.000 --> 0:05:20.200 him was that he was pretty pissed off at them, right, 0:05:20.200 --> 0:05:22.320 they had taken him off the air. You heard him say, 0:05:22.520 --> 0:05:25.520 I didn't think I did anything that wrong. My comments 0:05:25.520 --> 0:05:29.599 got sort of weaponized by right wing media, and yet 0:05:29.640 --> 0:05:31.839 he's had nothing but positive things to say about CEO 0:05:31.880 --> 0:05:34.880 Bob Bieger, about Entertainment CoA chair Dana Walden. He sort 0:05:34.880 --> 0:05:38.880 of somewhat endorsed Dana Walden to succeed Bob Biger, which 0:05:39.240 --> 0:05:41.000 you know, I don't know that he or Dana were 0:05:41.000 --> 0:05:46.120 expecting to happen last night. But this turn from what 0:05:46.200 --> 0:05:48.800 could have been a really sad, ugly episode in his 0:05:48.880 --> 0:05:50.880 career to something that has made him something. 0:05:50.680 --> 0:05:51.160 Of a hero. 0:05:52.520 --> 0:05:55.080 And so I you know, this was I guess a 0:05:55.120 --> 0:05:56.599 little bit of a victory lap for him, a. 0:05:56.640 --> 0:05:58.679 Victory lap, which then you get to the nitty gritty 0:05:58.720 --> 0:06:01.160 of numbers, because that's what Bloomberg and you're trying to 0:06:01.200 --> 0:06:03.760 present him that Ultimately, yes, he had record bump in 0:06:03.800 --> 0:06:05.880 terms of numbers, but the numbers. 0:06:05.600 --> 0:06:08.080 Haven't been great for late night television full stop. 0:06:08.240 --> 0:06:11.240 How did he navigate what he thinks is the revenue 0:06:11.640 --> 0:06:13.279 positive or negatives right now for him? 0:06:13.360 --> 0:06:15.680 Well, twofold one, he was like, look, there was a 0:06:15.720 --> 0:06:18.680 lot of reporting about how much his peer, Stephen Colbert's 0:06:18.680 --> 0:06:21.080 show was losing. He thinks that that's wrong. He knows 0:06:21.120 --> 0:06:23.240 how much money these shows cost to make. You know 0:06:23.440 --> 0:06:25.640 generally how much they bring in. I think he said 0:06:25.720 --> 0:06:27.800 last night it cost about one hundred twenty million dollars 0:06:27.839 --> 0:06:32.120 to do one of these shows. But he also said, look, 0:06:32.160 --> 0:06:35.200 if they were losing money, they got there. Stephen Colbert 0:06:35.200 --> 0:06:37.120 show is going off the air. We don't know the 0:06:37.120 --> 0:06:39.720 future of Kimmel's show. His contractor is up next year. 0:06:39.800 --> 0:06:42.279 I think most people assume that he'll be around for 0:06:42.320 --> 0:06:44.240 a little bit longer, and they don't want to At 0:06:44.279 --> 0:06:46.279 a minimum, they're not going to fire him in the 0:06:46.279 --> 0:06:49.960 same way that CBS did Colbert. But obviously, the big 0:06:50.040 --> 0:06:52.000 challenge for late night is that there's just so much 0:06:52.040 --> 0:06:54.760 more consumption happening online and you can't monetize it in 0:06:54.800 --> 0:06:55.200 the same way. 0:06:55.440 --> 0:06:59.080 That's so interesting like his insight into how the industry works, budgets, 0:06:59.160 --> 0:07:03.400 talent costs, losses or not losses, Lucas, that's kind of 0:07:03.440 --> 0:07:05.479 the point of the rest of the day. We have 0:07:05.640 --> 0:07:09.960 many very high profile speakers across entertainment and media generally, 0:07:10.000 --> 0:07:12.600 but just for you, what is your next big focus 0:07:12.920 --> 0:07:13.720 after last night? 0:07:13.840 --> 0:07:16.680 My first interview is David Allison, who I think is 0:07:17.560 --> 0:07:21.720 other than Kimmel, probably the biggest interview of the conference, 0:07:21.800 --> 0:07:24.520 just because he hasn't done a big interview since taking 0:07:24.560 --> 0:07:27.960 over Paramounts Guidance. He seems to be in the news 0:07:28.000 --> 0:07:30.320 every other day. He bought Barry Weiss's The Free Press. 0:07:30.320 --> 0:07:31.960 He may or may not be trying to buy Warner 0:07:31.960 --> 0:07:34.400 Brothers Discovery. We'll talk about both those things with him. 0:07:34.560 --> 0:07:37.760 And you've got Warner Brothers Discovery at the table as well. 0:07:37.800 --> 0:07:39.840 That's gonna be fascinating considering the conversation you have with 0:07:39.880 --> 0:07:43.080 Greg Peters acosio Netflix about how ultimately he's not after 0:07:43.200 --> 0:07:45.880 M and A WBD, That's gonna be a fascinating conversation. 0:07:45.960 --> 0:07:48.880 Yeah, the code shares of their movie studio. I'm sure 0:07:48.880 --> 0:07:52.480 that they will avoid talking about any big corporate matters 0:07:52.520 --> 0:07:55.000 and kind of refer that to their leadership, but look, 0:07:55.280 --> 0:07:57.160 they will be great to talk about the movie business with. 0:07:57.240 --> 0:07:59.480 They have been on a real hot streak with Sinners, 0:08:00.520 --> 0:08:03.720 with Minecraft, many other hits over the summer, Weapons and 0:08:03.760 --> 0:08:06.080 then the new Ppa movie which probably isn't a commercial 0:08:06.160 --> 0:08:07.800 hit but looks like an Oscar front runner. 0:08:08.600 --> 0:08:11.280 All right, Bloombe's Lucas Shaw, who's leading our coverage here 0:08:11.280 --> 0:08:14.480 at Bloomberg screen time in Los Angeles. Thank you very much. 0:08:14.480 --> 0:08:16.920 But actually here on Bloomberg Tech carry so much more. 0:08:16.920 --> 0:08:19.000 Coming up, we're going to be speaking with Catherine Meyer, 0:08:19.360 --> 0:08:23.080 nbr CEO. Look, public media faces threats, particularly under the 0:08:23.080 --> 0:08:25.600 Trump administration. Right now, what is the future of funding 0:08:25.800 --> 0:08:26.400 sick with us? 0:08:26.440 --> 0:08:27.320 This is blue bag tech. 0:08:40.960 --> 0:08:44.600 See, that's what happens when people get activated. People got 0:08:44.720 --> 0:08:48.480 activated and demanded did Jimmy Kimmel come back on the air? 0:08:48.800 --> 0:08:51.240 And I think that it was a great victory. So 0:08:51.320 --> 0:08:54.640 sometimes you know, when you're struggling and you're going through 0:08:54.679 --> 0:08:57.640 all these changes because of the madness in DC, it's 0:08:57.679 --> 0:09:00.480 important to realize when you do win, when you have victory, 0:09:00.520 --> 0:09:02.680 and I think Jimmy Kimmel being back on the air 0:09:03.000 --> 0:09:04.079 was a victory for all of. 0:09:04.040 --> 0:09:11.360 US Los Angeles mayor there Karen Bass, reacting to Jimmy 0:09:11.400 --> 0:09:13.440 Kimmel's return, of course, to the air after a brief 0:09:13.440 --> 0:09:18.160 suspension of what he described as a mischaracterization. 0:09:17.400 --> 0:09:19.160 Of his comments about Charlie Kirk. 0:09:19.360 --> 0:09:23.480 Meanwhile, look, public broadcasting as a whole is facing new challenges. 0:09:23.720 --> 0:09:25.319 Outlets PBS, NPR. 0:09:25.120 --> 0:09:27.600 For example, seeing their share in federal funding cut by 0:09:27.600 --> 0:09:30.560 Congress over the summer and raises questions about their future. 0:09:30.640 --> 0:09:32.760 The viability at the center of the debate is MPR 0:09:32.800 --> 0:09:35.800 CEO Katamah, who we're pleased to say not only has 0:09:35.840 --> 0:09:38.880 just been his joining us, having already been called before 0:09:38.920 --> 0:09:40.600 the Oversight Committee earlier this year. 0:09:41.280 --> 0:09:44.760 Kevin, how how do you navigate this time? 0:09:45.040 --> 0:09:47.440 How are you seeing the ability for MPR to thrive 0:09:47.559 --> 0:09:48.360 and drive forward? 0:09:48.720 --> 0:09:51.360 Well, there's certainly no roadmap for this moment in time. 0:09:51.400 --> 0:09:54.439 I think this represents a step change for all public broadcasting. 0:09:54.480 --> 0:09:56.640 It's not just here in the United States. We recognize 0:09:56.640 --> 0:10:00.640 that public broadcasters around the world are under increase scrutiny 0:10:00.640 --> 0:10:03.800 and pressure. The good news for us is that we 0:10:03.840 --> 0:10:07.400 have a viable model because we've built audiences over the 0:10:07.400 --> 0:10:09.520 fifty years we've been in existence, we have forty six 0:10:09.559 --> 0:10:12.080 million listeners a week, and so as we look to 0:10:12.120 --> 0:10:14.600 the future, we're looking at all, right, this is a change. 0:10:14.600 --> 0:10:17.120 It doesn't change our public service mandate, It doesn't change 0:10:17.120 --> 0:10:20.000 our mission and our obligation to the American public. 0:10:20.040 --> 0:10:21.679 It just probably will change how we have to do 0:10:21.720 --> 0:10:22.240 our work. 0:10:22.760 --> 0:10:24.480 When you say how you do your work, does it 0:10:24.559 --> 0:10:26.959 ultimately mean that you have to think about the resources that. 0:10:26.880 --> 0:10:27.840 You put to work there? 0:10:28.400 --> 0:10:30.680 Can you be as expansive in the coverage that you 0:10:30.720 --> 0:10:31.800 have in for so many years. 0:10:31.840 --> 0:10:34.120 It's a good question and something we're trying to figure out. 0:10:34.320 --> 0:10:38.280 NPR received traditionally about one percent of our budget directly 0:10:38.280 --> 0:10:41.160 from the federal government, but we have just one percent. 0:10:41.440 --> 0:10:42.640 But we have a network of. 0:10:42.600 --> 0:10:45.200 Around two hundred and fifty members stations which received as 0:10:45.240 --> 0:10:47.600 much as seventy percent in rural parts of the country, 0:10:47.920 --> 0:10:49.480 and so we're waiting to see what some of the 0:10:49.480 --> 0:10:51.079 fallout will be for those stations. 0:10:51.120 --> 0:10:52.160 We have projections. 0:10:52.200 --> 0:10:54.760 We're concerned about this, and we're looking at how we 0:10:54.800 --> 0:10:57.680 can buttress some of their work by cutting fees to 0:10:57.760 --> 0:11:00.440 them and thinking about how to make, you know, dollars 0:11:00.440 --> 0:11:03.000 stretch a little bit further to continue to serve local communities. 0:11:03.240 --> 0:11:05.000 Cavin, I think there would be a lot of value 0:11:05.200 --> 0:11:07.120 in you explaining the business model. 0:11:07.200 --> 0:11:08.000 It is amazing. 0:11:08.240 --> 0:11:11.280 Well, the reason I ask actually is in preparation for today, 0:11:11.720 --> 0:11:14.680 I suddenly stopped and looked at mprs following on social 0:11:14.679 --> 0:11:18.280 platforms for example. It's very very big. Yes, you know, 0:11:18.320 --> 0:11:21.199 how do I consume some MPR content like on YouTube 0:11:21.240 --> 0:11:26.720 for example, But that isn't necessarily a big, big income generator, 0:11:26.760 --> 0:11:27.800 view is that? Is that right? 0:11:28.000 --> 0:11:28.160 Right? 0:11:28.200 --> 0:11:28.280 So? 0:11:28.280 --> 0:11:30.680 I think people think of us as radio because that's 0:11:30.760 --> 0:11:33.200 our origin, but in fact, fifty percent of our listening 0:11:33.280 --> 0:11:36.400 comes from digital platforms. It comes through podcasts, it comes 0:11:36.400 --> 0:11:39.680 through YouTube, it actually comes through reading online. And you 0:11:39.720 --> 0:11:42.280 can see in our numbers that our demographics are actually 0:11:42.320 --> 0:11:44.840 very well distributed. We've been accused of being too liberal, 0:11:44.880 --> 0:11:46.679 but what I can tell you is that when we 0:11:46.679 --> 0:11:48.760 look at the audience data as to who comes to us, 0:11:48.760 --> 0:11:52.959 it's actually a very represent representative distribution of the American public. 0:11:53.240 --> 0:11:55.920 So fifty percent of what we're doing is for digital audiences, 0:11:55.960 --> 0:11:58.720 and fifty percent of what we're doing is for radio audiences. 0:11:59.040 --> 0:12:01.280 On the radio side, at these roughly two hundred and 0:12:01.320 --> 0:12:04.839 fifty members across the country. They serve ninety nine point 0:12:04.840 --> 0:12:07.679 seven percent of the American public, So in some ways 0:12:07.679 --> 0:12:10.440 we are one of the largest national networks. And we 0:12:10.520 --> 0:12:13.800 have three thousand local journalists around the country who then 0:12:14.000 --> 0:12:17.000 serve back into the network with stories that they're filing 0:12:17.280 --> 0:12:19.280 for their local communities and for their states. 0:12:19.400 --> 0:12:22.520 How does it make them feel when they're deemed to 0:12:22.600 --> 0:12:24.040 be too liberal. 0:12:23.920 --> 0:12:25.080 And how not good? 0:12:25.240 --> 0:12:26.120 Yeah, really not good. 0:12:26.120 --> 0:12:29.200 I mean, we have reporters who are covering tribal areas 0:12:29.240 --> 0:12:32.400 who are primarily focused on the issues of Native American communities. 0:12:32.400 --> 0:12:35.240 We have reporters in rural Alaska who are focusing on 0:12:35.280 --> 0:12:37.679 the issues that their communities face. Some of the issues 0:12:37.720 --> 0:12:42.800 around for example, fishing and access to access to the 0:12:43.920 --> 0:12:46.920 sorry the National Wildlife Preserve and what does that mean 0:12:47.040 --> 0:12:51.040 for economic opportunity for Alaskans. They're having nuanced conversations that 0:12:51.080 --> 0:12:54.120 represent the full spectrum of the American debate on any 0:12:54.120 --> 0:12:57.199 of these issues, and so to be called liberal or 0:12:57.280 --> 0:12:59.760 to be demeaned in that way is really a misrepresentation 0:12:59.800 --> 0:13:00.719 of the work that they do. 0:13:01.240 --> 0:13:03.640 Nuance is a great word, you mean more of it. 0:13:03.720 --> 0:13:05.520 Well, we try to make sure that we're hearing from 0:13:05.520 --> 0:13:07.640 all sides of the story in every story, and that 0:13:07.720 --> 0:13:10.840 means that we are representing sure, of course communities in 0:13:10.880 --> 0:13:13.280 California that perhaps have one point of view, but also 0:13:13.280 --> 0:13:15.439 communities in Indiana that have a different point of view. 0:13:16.120 --> 0:13:17.800 You know, we talked about this as a team, and 0:13:18.400 --> 0:13:20.440 one of our producers, Oie Thomas, brought up the idea 0:13:20.440 --> 0:13:22.920 that there is like the NPR strategy, and then there's 0:13:22.960 --> 0:13:27.120 what the local stations are doing on the politics side 0:13:27.160 --> 0:13:30.560 of things. You know, how are the local stations reacting, 0:13:30.559 --> 0:13:33.480 for example, if a lot of their listener base did 0:13:33.559 --> 0:13:36.400 vote for President Trump, you know, with what's going on, 0:13:36.480 --> 0:13:39.080 how are you factoring that in? But also, like in 0:13:39.120 --> 0:13:42.080 the business model, do you end up sort of also 0:13:42.120 --> 0:13:45.640 competing at the MPR level with the local station level 0:13:45.640 --> 0:13:49.880 because you're trying to pursue different subscribers things like that. 0:13:49.920 --> 0:13:51.880 Well, those are sort of two very different questions. 0:13:51.920 --> 0:13:54.719 I mean, we aim to serve the entire spectrum of 0:13:54.760 --> 0:13:57.600 American conversation, right, So, we had the White House Press 0:13:57.600 --> 0:14:00.360 Secretary on just last week speaking directly to the American 0:14:00.400 --> 0:14:03.880 public about the administrations thinking on the current government shutdown. 0:14:04.120 --> 0:14:06.720 We invite members of both parties on all the time. 0:14:06.760 --> 0:14:09.800 We invite independent voices on all the time. This is 0:14:09.840 --> 0:14:12.199 important to us, but it's not just our politics coverage. 0:14:12.200 --> 0:14:15.240 It's also coverage of American life all of the cultural 0:14:15.280 --> 0:14:17.719 aspects that make up our differences as well. And that 0:14:17.840 --> 0:14:20.680 is one of the flexibilities of local reporting is it 0:14:20.720 --> 0:14:23.680 means that our station in Utah can run stories about 0:14:23.720 --> 0:14:26.880 the local reaction to the Charlie Kirk assassination as well 0:14:26.920 --> 0:14:29.800 as contributing to our national coverage, so that Americans all 0:14:29.800 --> 0:14:31.920 across the country can hear from those perspects. 0:14:31.960 --> 0:14:35.280 What is the feedback from America from the American listeners 0:14:35.320 --> 0:14:37.320 about everything that's happened, Well. 0:14:37.520 --> 0:14:39.240 I mean on the news, of course. 0:14:39.280 --> 0:14:41.800 I think what we hear very consistently is that this 0:14:41.880 --> 0:14:45.200 is a concerning time. People dislike the amount of polarization. 0:14:45.760 --> 0:14:47.680 We do hear that our coverage and the way that 0:14:47.720 --> 0:14:50.680 we approach things tends to bring people closer to an 0:14:50.760 --> 0:14:53.520 understanding of their fellow Americans because we really do focus 0:14:53.600 --> 0:14:56.080 on finding the personal story. We'd like to say that 0:14:56.160 --> 0:14:58.520 everything that happens in America happens somewhere, and so we're 0:14:58.560 --> 0:15:01.040 always trying to find this somewhere that that that is happening, 0:15:01.320 --> 0:15:04.000 whether it's the implications of tariffs, or you know the 0:15:04.120 --> 0:15:07.080 conversation that's happening around for example, Jimmy Kimmel, who you 0:15:07.120 --> 0:15:08.680 were just recently referencing. 0:15:08.600 --> 0:15:11.600 Listeners are so loyal you turn to them for funding. 0:15:11.800 --> 0:15:15.120 Have you seen big billionaires, big donors wanting to step 0:15:15.160 --> 0:15:16.000 up into this moment. 0:15:17.360 --> 0:15:21.000 We have seen a outpouring of support, absolutely so. New 0:15:21.000 --> 0:15:24.160 Hampshire Public Radio, for example, raised a million dollars in 0:15:24.200 --> 0:15:27.120 response to the defunding efforts in over the course of 0:15:27.120 --> 0:15:30.280 a short period of weeks. We really appreciative of this, 0:15:30.360 --> 0:15:33.119 but that won't fill the gap for these rural communities 0:15:33.160 --> 0:15:37.120 that are already sizzy economically strapped. There's a reason they 0:15:37.160 --> 0:15:39.640 have been federally funded. We know that for sorry, we 0:15:39.680 --> 0:15:42.720 know that twenty percent of Americans live without local news. 0:15:42.800 --> 0:15:43.640 There's a reason for that. 0:15:43.680 --> 0:15:46.520 The market conngnitions don't allow it, and that's where public 0:15:46.560 --> 0:15:49.560 media has filled in the gap. So that still remains 0:15:49.560 --> 0:15:50.320 a challenge. 0:15:50.360 --> 0:15:51.240 We have seen a. 0:15:51.160 --> 0:15:53.760 Lot of support, of course, across the board for public radio. 0:15:54.000 --> 0:15:56.080 I think there were three million people who wrote into 0:15:56.080 --> 0:15:58.520 Congress to support the to support us at the time 0:15:58.560 --> 0:16:01.080 of defunding. But it won't be enough to fill the 0:16:01.080 --> 0:16:03.520 one hundred and twenty million dollar gap relative to the 0:16:03.520 --> 0:16:04.080 defending GUP. 0:16:04.200 --> 0:16:07.200 Your own background is so fascinating, having been for stint 0:16:07.240 --> 0:16:10.840 with the Web Summit, making huge, big events, and for 0:16:11.160 --> 0:16:15.040 a tech community, you're on the chair of the Signal Foundation. 0:16:15.200 --> 0:16:16.760 You're also been at Wikipedia. 0:16:16.840 --> 0:16:20.880 I'm interested as to how in this moment of belt tightening, 0:16:21.120 --> 0:16:23.360 your technological savvy comes into all of it. 0:16:23.440 --> 0:16:26.000 Well, I actually think that technology is an enormous advantage 0:16:26.040 --> 0:16:28.360 for the complex structure that you have. You asked me 0:16:28.360 --> 0:16:30.760 about the business model earlier, and I think it's a 0:16:30.800 --> 0:16:32.920 great lead into this. Right, there is a way in 0:16:32.960 --> 0:16:35.280 which we could be in competition all of these local 0:16:35.320 --> 0:16:40.320 stations seeking to now transform their work for a national audience. 0:16:40.680 --> 0:16:42.720 Technology actually offers us the place to bring all of 0:16:42.760 --> 0:16:45.640 that aggregate reporting together. And so if somebody is running 0:16:45.640 --> 0:16:48.480 a really great story here in LA about a local 0:16:48.560 --> 0:16:51.240 band that is about to go on tour, and I 0:16:51.280 --> 0:16:52.960 reference that because music is a big part of what 0:16:53.000 --> 0:16:56.200 we do at NPR, we now have the ability to 0:16:56.200 --> 0:16:59.000 serve that to any audience member anywhere across the country 0:16:59.000 --> 0:17:00.960 who might be interested in what that band is about 0:17:01.000 --> 0:17:02.960 to do. Right, we wouldn't have been able to do 0:17:03.040 --> 0:17:04.320 that in a previous era. 0:17:04.440 --> 0:17:06.080 But the ability of digital. 0:17:05.760 --> 0:17:08.960 Platforms, the affordances for us to serve audiences seamlessly. 0:17:09.000 --> 0:17:09.880 They don't think of us as. 0:17:09.840 --> 0:17:12.359 Our local station versus our local station. They think of 0:17:12.440 --> 0:17:15.040 us as one public media experience, and that's really what 0:17:15.080 --> 0:17:15.840 we're leaning into. 0:17:16.040 --> 0:17:18.000 So, Sweden, what are you going to do differently? What 0:17:18.080 --> 0:17:20.000 are in this environment? What are you going to change 0:17:20.080 --> 0:17:22.640 to bring in more money that you need? 0:17:22.880 --> 0:17:25.959 Well, certainly investing pretty heavily in the fundraising piece. I mean, 0:17:26.000 --> 0:17:27.880 I don't think that that's dissimilar from what we've seen 0:17:27.920 --> 0:17:31.040 in nonprofit news as a whole. We've seen tremendous success 0:17:31.119 --> 0:17:35.120 in the nonprofit news sector and building subscriptions and building memberships. 0:17:35.320 --> 0:17:37.159 That's an opportunity for us, and in fact, we've been 0:17:37.200 --> 0:17:39.000 doing it for a long time. We have millions and 0:17:39.000 --> 0:17:41.639 millions of loyal donors across the country. It's time to 0:17:41.640 --> 0:17:44.080 bring in the next generation. You mentioned I come from Wikipedia. 0:17:44.080 --> 0:17:47.040 We have a little experience in this right, So that's 0:17:47.040 --> 0:17:48.600 one piece of it. I also think that it's an 0:17:48.600 --> 0:17:50.840 opportunity for us to think about how we're doing our 0:17:50.880 --> 0:17:54.080 news gathering and news production more effectively, and so we 0:17:54.119 --> 0:17:56.359 have all these journalists across the country, what does it 0:17:56.400 --> 0:17:58.760 mean to do the national editorial planning where we're really 0:17:58.760 --> 0:18:01.600 thinking about how to elevate these conversations that are happening 0:18:01.640 --> 0:18:04.639 around the country into the national story. And then of 0:18:04.680 --> 0:18:07.399 course we have this great international and national reporting that 0:18:07.440 --> 0:18:08.600 we mean to now weave. 0:18:08.400 --> 0:18:08.840 Into the mix. 0:18:09.280 --> 0:18:12.040 KAFR mayor MPR CEO, thank you very much for being 0:18:12.080 --> 0:18:15.080 with us here at Blomberg screen Time. Meanwhile, Warner Music 0:18:15.080 --> 0:18:17.639 Group is said to be in close agreement with Netflix 0:18:18.160 --> 0:18:20.800 to create a slate of movies and documentaries based on 0:18:20.840 --> 0:18:24.320 the record labels catalog of artists and songs. That's according 0:18:24.359 --> 0:18:27.720 to sources. Here's what Warner Music Group CEO Robert Kilhle 0:18:27.840 --> 0:18:29.920 said about a potential deal. 0:18:31.320 --> 0:18:35.719 I cannot confirm anything, but but the you know, if 0:18:35.760 --> 0:18:39.040 you step back and think about this, it makes a lot. 0:18:39.160 --> 0:18:46.679 You know, our company has tremendous catalog Prince Madonna, Fleetwood, 0:18:46.720 --> 0:18:48.879 Mac and it's just it just goes on and on 0:18:48.960 --> 0:18:53.800 and on. The stories that we have are incredible and 0:18:53.960 --> 0:18:58.879 they haven't really been topped. It more like Marvel for music. 0:18:59.480 --> 0:19:02.320 I said, that's that's that's where we are and it 0:19:03.080 --> 0:19:06.720 will be unlocked, and so it makes a lot of 0:19:06.760 --> 0:19:10.400 sense for us to partner with a company that can 0:19:10.440 --> 0:19:13.320 bring it to life all around the world. And it's 0:19:13.359 --> 0:19:17.040