63: Would You Pay A Quarter For That?
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so Glenn Fleishman welcome to the toxin thanks for having me on I so let's just
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run down the ball is your guide the near two-year I think and I think this is new
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since the last time you were on this does show is that I think that you're
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now the owner publisher editor or not editor I'm not sure about that
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of the the magazine I'm everything on the bottle washer yeah I think I was on
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just before mark when I did the dealer few months before it was a good that was
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actually think after I came on as editor yellow Marco sold everything except his
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dog and children sparkles and judy was very funny time but yeah it's logical
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units I love doing this and and mark as a programmer and the cycle is really
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differ between being a programmer in a publisher and I think the timing is
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great when he was ready to move on with his new endeavors do not know your
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secret podcast thing but anyway you running an entire magazine a weekly
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bangs no biweekly that's correct
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fortnightly every two weeks
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biweekly one of those words that can mean two different things
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yes I can you quick and you will perennial which means every year in
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which means that only wants they both mean every year and an annual plant that
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is the plan annual implants I guess the thing is it only comes out once an
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appreciable bloom again every year it it's it's it's language language is
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probably a biweekly doesn't have any weekly monthly bi-monthly can mean twice
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a month or every two months the languages of all three most people say
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semi monthly or twice a month by month means every other month but yeah it's
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becoming periodicals became more common because publications are reducing their
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frequencies New York magazine is going to every other week down for instance
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after many many years of being weekly Saturday
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read off the bar top available all bunch of the on topics but there was a day of
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a great article ID and yeah I have not yet linked it from daring fireball but
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by the time the show comes out I will have a cover story on a new issue of the
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magazine about Alex Rodriguez the New York Yankees battle superstar and it's
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one of the finest pieces of journalism that I've read in a long time because
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there's this whole thing where he's been accused of using performance-enhancing
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drugs any position at 211 game suspension and he's farted and nobody
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really knows what the hell is going on and this article and I follow as a as a
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Yankees fan I've been following the saga you know pretty avidly I guess I would
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say you know all year long and still had no idea like to me it was never been
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clear just what evidence they had against them they must have had
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something blah blah blah this article makes the whole thing clear you really
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truly journalism at its finest
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get a funny thing journalism is a problem because the best kind of
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journalism that we think we like the most that we like sticks with us and you
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will go back and read or turns to a book or it changes the law or whatever that
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stuff is so ridiculously unprofitable it costs so much money to do that entire
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news organizations are devoted to making enough money to afford to be able to do
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that sort of journalism yeah just caught i mean the Seattle Times always save
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them because their family-run paper the family is really weird and made some
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really terrible business decisions would sell 51% owned by the family that bought
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in the 1800's and they will do things like spend two million dollars for a
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two-year investigation into the washing state courts ceiling documents
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inappropriately and caused massive positive political social change they
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did not make two million dollars on everything else they did subsidized that
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two million dollars so that could happen and they have to actually believe in the
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mission of believe that
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gives him an aura that keep subscribers or bring subscribers in that was worth
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it and and that's our hearts that's a hard sell
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yeah and just you know this article I'm talking about just title chasing Iran
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and it is written by gotta go back to page one which I want to get into Steve
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Fishman wrote a cover story related to me of course and and it it was a
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monumental effort it really is you know in the best of feature-length magazine
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writing is is much closer to in scope to book writing and to you know article
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writing it's closer to a miniature book than it is to you know to me an article
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is somewhere around a thousand words once you get past that you know you're
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somehow you're taking on something that needs a lot more nurturing work but he
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traveled to Miami that's where Alex Rodriguez lives and in a big part of the
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reason this article so interesting is that it's the fees the first journalist
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who who Alex Rodriguez had opened up two and so we travel to Miami hung out with
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them and was there he spent time in New York in the the trial but arbitration
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hearing with major league baseball bats at Springer ass in the seat in a room
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where there you know those things anybody's ever been in a courtroom jury
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duty or even just gotten out of jury duty you know that all those things they
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go slowly its days you know just waiting
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for what you know couple of paragraphs and in the meantime you know as a writer
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bills have to be paid you know so you it takes money to gather together the
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reporting let alone the time it takes to write the actual article I'm reading a
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bill Stephenson
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apiece for wired years ago where he traced fiber-optic cable around the
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world and I read it I thought a this is still you know the type of his career
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but this one is really on the peak so he's getting massive amounts of advances
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and selling millions of books and and I thought hey how much do they have to pay
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him for a fee but be reading all the places he went in thinking he had like a
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$75,000 expense budget traveling coach two star hotels because of the fifty
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places he went to sheer amount of time it's astonishing the amount that's the
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use of thousand words you can talk to someone on the phone or a thousand words
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you know you're 20 minute conversation conversation right about one thing but
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when you get beyond that you have to start to shape the narrative and you
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have to start doing research you have to have things that go beyond the obvious
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or a few quotations because otherwise like what are you writing about for that
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long was not enough to send me your people philosophical essays and longer
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but if you're writing about news and all things then you know yeah and so that's
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I still feel and I feel like it's a good topic to talk to you about is is where
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does the money for this type of work continued to come from as we move
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forward and BuzzFeed driven world that's what I'm asking where does it come from
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its you know and I don't know where to start but with
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just stuff in the last week you know where over Thanksgiving did you follow
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you had to follow this this align gale laga oh yeah that was yeah and I felt
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very bad for my spot about myself at first I thought it was hilarious and I
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thought oh no wait the guy's a dick and I thought no this can't be true you know
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went through through regret for anybody who missed a deal on Gale I never heard
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of before but he's apparently this producer executive producer of the bunch
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of really shitty reality shows like The Bachelor and the Bachelorette something
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else and over Thanksgiving I guess on the day he tweeted a series of tweets
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ostensibly live from the wi-fi equipped plane about it
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terrible woman a few rows ahead of him who was berating the crew because their
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flight was delayed and and this woman hands up and then he sent her notes
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drinks and i got really rude with her and that was the part that there's too
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weird parts to it the weirdest part is that it ends up the whole thing was fake
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he made the whole but a lot of you know but it was all presented as being true
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and even Twitter when people said hey is this fake and he you know denied it but
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the other thing too is that even if it was true you said it first at first and
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it was like us low boiling frog for his behavior to the first if it were true
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was kind of funny but then when he started sending notes to her that that
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said he might Dec
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you know it's it's over the line I mean that's actually a really creepy thing to
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do if even if it were true I mean that's you know they can get you arrested
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everyone in this situation he interested in and then she allegedly he said she
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slapped him and nothing happened
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police were called and you know it was it was a weird for me it's you know this
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is the channeling that
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that bridge we all have now because the airlines packets in its all of the
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Flying Spur is horrible and all the flat plains are full and everything is bad
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about flying they did a great job tapping into that that feeling where we
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see play we feel like we are surrounded by horrible people even if they're
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perfectly nice other circumstance everyone has pushed the limit and he's
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like you know so I'm taking actions like I that's great but the thing is is it
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turned into sensation I mean then you know multi million pageviews sensation
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BuzzFeed and picked it up and I'll BuzzFeed did and probably did as much as
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anybody to to drive it as a way to say this a viral meme I don't know story but
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it it was even if it were true it is kind of bullshit to be the biggest story
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of the day and ends up the whole thing was a hoax and was rather easily
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verified as a hoax or at least you know nobody did any work to actually see if
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it were true and yet that everything has continued to devolve even everybody
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knows that page views are so problematic as a measure of advertising and so many
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ways that the publishing world has continued to even knowing how poisonous
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this whole model is as continued to devolve in that direction and I can't
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think of it's it's it's as good an example is anything I mean the cures
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example of where we're at is that Business Insider running you know they
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got all kinds of opinions about them of course and how they do they fight they
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follow pageviews the one of their editors wrote about his rebooked trip to
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China where was paid for by the Chinese airline that whole crazy story like
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million 1.5 million page views or something a story about how he was
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traveling in the lap of luxury took a bunch of pictures and Harry blodgett
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awful thing about being cramped and an American Airlines flight last year
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whatever that was
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they got hundreds of thousands of you so they figured out how to tap people sort
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of curious
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or I don't know what it is like its interest and turn it into massive
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traffic and then they sell that message traffic at an incredibly incredibly low
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rate so they have to have billions of used to make any kind of real money in
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any case but but they're finding people will come and read the stuff so there is
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an audience for it and and there's no chance that that sort of crap is going
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to go away and I'm not even saying it should I mean you know and in some sense
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you know this guy is professional career as an example of that you know where yes
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we have class he is in his day job to write but it really does show you a min
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and and if you watch even just tuned in
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you know halfway through any random episode of one of these reality shows
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with a critical eye it you can really see just how the whole thing you know it
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really the the word reality need two quotes around it because it it how could
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it be you know like where these regular characters enter a room and somebody
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who's there are you know ostensibly meeting documentary style you know for
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real is already wearing a lot a lav mic you know it's like it's almost like how
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can you possibly believe that this is real if there are people there meeting
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you know in a restaurant or something have already been liked what I saw that
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the other day so it was like if you see if a random person that someone needs a
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reality show is already Mike for sound it's not a random person like oh well
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yes but you don't think the talented could tell that was the same thing with
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the Elan situation as someone pointed out a couple days afterwards said the
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picture where he posted the note with the glass of wine he couldn't have taken
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that cause I would have meant that he had gotten up it was standing next to
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her taking the photo before she whatever there's no way that would have worked
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like he doesn't make any sense it's like oh you're right it was internally
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inconsistent Nick Bilton that the new york times actually looking at flight
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schedules and so forth in correlating with tweets and decided it was nonsense
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just based on God cracked me up that's funny
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I thought it was my first sign of something set me off on it right away in
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my first thing was that maybe it's my ears I i dont know I've said this before
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Nash I worry a little bit and runs in my family that hearing loss and the man is
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sort of a problem so maybe it's just me but I have trouble like when when we sit
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like my family travels and Amy and I both take aisle seats and maybe Jonas
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sits in the middle next day me I have trouble hearing Amy across the aisle
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you know like if I'm seven sea and she's have indeed I I have trouble hearing her
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on this chip because you know on the plane because she doesn't want to talk
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real loud you know and he said she was I don't know five rows ahead of her three
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or four rows ahead of all yeah yeah it's really hard over here somebody even if
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somebody was really you know sort of being abusive towards the flight crew if
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she sitting five rows ahead of you it's really pretty heart plus the whole thing
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like it was repeated endlessly over and over and over again that she was Diane
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in 778 is a Windows so all this note passing nonsense it's a little bit more
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possible if it's like a 747 with it
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242 you know with two aisles does then you know I guess he could only have to
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reach over one person 7 be but most planes on domestic flights are not 747
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their you know their forget them not narrow but they called their be their
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main line but
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27 908 Alaska has an upgraded boeing that I really like to read the other day
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actually has room I could cross my legs but if it's a three
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three seats I'll three seats set up then you know it's really almost impossible
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to pass a note to somebody in seven people were preparing this credibly like
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it got turned into news cycle to the news incredibly fast without any actual
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documentary evidence except his tweets and people suppositions even though if
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you'd stop is Nick Bilton did or as you're thinking about it other people to
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look at the photos I anyone with any journalist should have taken their
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powers of observation and pointed out that this was very clearly shaken he was
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Prime actually curious if the guy himself was astonished that people took
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it is real because he had there are so many tiles yeah I think he did I think I
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don't think he was astonished I think he tried to fake it and he's get somebody
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else pointed out the history of the sort of thing yeah yeah but it really shows
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you what he thinks of as reality it's you know it's you know I guess it's what
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makes some good at his job that it makes me think that you know the bachelor
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there's probably you know what's the idea with The Bachelor and the
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Bachelorette there's like a hero character on the bad guy and then the
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bats right there was a woman and in a present them a dozen people of the
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opposite gender to pick from and each week they they kick one out that the
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person probably doesn't even kick them out you know that the show probably tell
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them who to pick based on you know who's who's the most popular you know that
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it's probably all you know as contrived as the whole thing would be if it were
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run on the up-and-up it's probably not even running even in this film films and
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TV too I think they have to they think they have to is that film that cannot
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several years ago
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good king of Congress 4th quarters about yeah it's a great movie
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competition to score the perfect on Konga yea and they're on the reserve
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villainous got billy who ran a restaurant in and had baby faked so high
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scores me but probably gotten in history is on the cover of newsweek or something
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in the eighties and his upcoming laid off school teacher who is playing in his
[TS]
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garage and tops of the whole school high score so he's the hero you got the
[TS]
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villain
[TS]
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well there's a piece and I think it was Atlantics after the movie came out by a
[TS]
00:18:14
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guy who'd been involved in the shooting of you said well the way he was depicted
[TS]
00:18:19
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the kind of emphasized to make stuff up but they made him into a villain because
[TS]
00:18:24
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they wanted to go in the film for people to root against them and actually is
[TS]
00:18:27
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much more nuanced as everyone is life but it's hard to new film and TV often
[TS]
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remove the nuance because you can't tell a story as well in those mediums without
[TS]
00:18:36
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having you know what it really could without having without having
[TS]
00:18:42
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identifiable people to root for and against time use part of human nature
[TS]
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but it's also a lot of films are made perfectly but I think you know that
[TS]
00:18:54
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stuff is not going to go away I think everybody watch it I think you should
[TS]
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watch it with a giant grain of salt
[TS]
00:19:01
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I do think I think it's and I do think that's to me is the interesting take
[TS]
00:19:04
◼
►
away from this girl tweet Oaks thing is not just that his tweet thing was a hoax
[TS]
00:19:09
◼
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but what is it tell you about you know these reality shows that dominate TV you
[TS]
00:19:17
◼
►
know major network TV today I saw another tweet a couple days ago from
[TS]
00:19:22
◼
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some number who who just posited that if you showed today's reality shows to
[TS]
00:19:31
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someone from twenty years ago
[TS]
00:19:35
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twenty-five years ago they would think it was tough from a dystopian science
[TS]
00:19:39
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fiction future oh yea or the or they might also see also see it for the false
[TS]
00:19:46
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front presents is a bit was the man who mistook his wife for a half hour sex
[TS]
00:19:52
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book I think it's in the book where he talks about being an award where there
[TS]
00:19:56
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are people who were fission and other people one group of people could not
[TS]
00:20:02
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understand the meanings of words but they get here words literally only the
[TS]
00:20:05
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other could not understand what words meant but they could hear the emotion
[TS]
00:20:08
◼
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behind its two different neurological conditions and he watched them watching
[TS]
00:20:12
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ronald reagan deliver speeches and they were all laughing because reagan was a
[TS]
00:20:16
◼
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perfect melding his description at least I love being able to to live effectively
[TS]
00:20:22
◼
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in some combination but if you can cut out either the meaning or the emotional
[TS]
00:20:27
◼
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part it was transparent I have that feeling sometimes if you took somebody
[TS]
00:20:31
◼
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who hadn't watched TV in a bit of culture often in remote place a comeback
[TS]
00:20:36
◼
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twenty-five years later they watch reality TV said once everyone sees think
[TS]
00:20:40
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these are these are made for TV movies really no no this is supposed to be real
[TS]
00:20:43
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did say but it's so fake you know and we've become conditions to what we
[TS]
00:20:48
◼
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believe reality is supposed to be as portrayed in those and we accept it more
[TS]
00:20:52
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fully as reality everything is world wide Wrestling foundation whether it's
[TS]
00:20:56
◼
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called right now it's all it's all wrestling horrible people right I always
[TS]
00:21:04
◼
►
think back and the first thought I had when I saw that tweet and who it was but
[TS]
00:21:09
◼
►
if you know I apologize for not remembering
[TS]
00:21:13
◼
►
that first thing I thought of was that show that was on all the TVs in Robocop
[TS]
00:21:22
◼
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was that that creepy old earn in a busy guy who was always surrounded by like
[TS]
00:21:30
◼
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really cranky models and and the matter what have many had that catch phrase I'd
[TS]
00:21:37
◼
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buy that for a dollar it's the best thing and you know that dates back to
[TS]
00:21:41
◼
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the club with story the marching morons great science fiction story you can find
[TS]
00:21:47
◼
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online for the nineteen fifties the phrase there was what you pay a quarter
[TS]
00:21:50
◼
►
for that it was it was today and that story it's an ad guy convinces the
[TS]
00:21:57
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supposedly stupidest people in society to board rocket ships that land on the
[TS]
00:22:01
◼
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Sun go straight to the Sun to get rid of all the excess population of idiots
[TS]
00:22:06
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that's that's kinda nineteen fifties ideas story I also thought of the old
[TS]
00:22:11
◼
►
Steven Kane novella I think one of the 10 day under a pseudonym Richard that
[TS]
00:22:19
◼
►
the running man which they turned into a schwarzenegger movie but sort of film
[TS]
00:22:23
◼
►
the novella was a lot less schwarzeneggar II and little bit but it
[TS]
00:22:28
◼
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was really kind of spot on about where TV's going that it's it is sort of
[TS]
00:22:34
◼
►
feeling now you know obviously the the King twist was that they were actually
[TS]
00:22:39
◼
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trying to kill the protectionists and that is not going to happen but it does
[TS]
00:22:46
◼
►
I was a season of Survivor much they put people with no clean water supply
[TS]
00:22:50
◼
►
braiding parasites on the island so you know nobody died but we did have a
[TS]
00:22:57
◼
►
medical crews nearby for the parasites but there it does sort of feed into the
[TS]
00:23:09
◼
►
sort of dark side of our psyche that that led to you know the Roman Coliseum
[TS]
00:23:15
◼
►
right where ya
[TS]
00:23:17
◼
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you know as long as you can brand the people as some sort of other you know
[TS]
00:23:23
◼
►
watching them destroy their lives you can take solace you know you do take
[TS]
00:23:27
◼
►
pleasure in it right
[TS]
00:23:29
◼
►
well they're just you know trashy housewives from beverly hills so you
[TS]
00:23:35
◼
►
know watching you know one of them you know drink herself into rehab on TV in
[TS]
00:23:42
◼
►
front of the whole nation you know somehow you take pleasure in it
[TS]
00:23:47
◼
►
supposed 26 vacillation gets ratings and it gets page views and we are denying
[TS]
00:23:53
◼
►
something about ourselves as a society or humanity if we if we don't accept
[TS]
00:23:59
◼
►
that but pandering to it we don't have to agree to pander to it I think that's
[TS]
00:24:03
◼
►
been that dividing culture between highbrow and lowbrow is high bro is
[TS]
00:24:06
◼
►
we're not going to pander you although bruh people should lift yourself up to
[TS]
00:24:10
◼
►
our level so that you can appreciate this fine culture that's actually what
[TS]
00:24:13
◼
►
you should be watching and lowbrow is look we're just enjoying the stuff it's
[TS]
00:24:18
◼
►
not serious get off your high horse but the gap to get bigger and bigger for
[TS]
00:24:23
◼
►
people and people who feel like there's a cultural a loss I mean people saying
[TS]
00:24:27
◼
►
you know they can look at people running the 17th century about terrible popular
[TS]
00:24:31
◼
►
music and entertainment and only the good stuff you could find in the salons
[TS]
00:24:34
◼
►
and those idiots in the streets are are morons and I'm sure you can find a Roman
[TS]
00:24:39
◼
►
times before like whenever there was culture there is a divide but it somehow
[TS]
00:24:42
◼
►
seems more obvious to us now because it's so exposed we can all see and find
[TS]
00:24:46
◼
►
the worst stuff and see exactly how many people are obsessed by reading the worst
[TS]
00:24:53
◼
►
of which were used to not be able to eat enough to know that as much overtime was
[TS]
00:24:57
◼
►
already on the New York Daily News still exists in all those are out there that
[TS]
00:25:01
◼
►
used to be the battle between the new york times in the tabloid papers so it's
[TS]
00:25:05
◼
►
just more obvious more and more people we know that we wouldn't think with
[TS]
00:25:10
◼
►
spread it are passing on this stuff too so it gets in our face compared to
[TS]
00:25:14
◼
►
something BuzzFeed even know BuzzFeed occasionally has really good features
[TS]
00:25:18
◼
►
they had a really good feature I read about a young man from
[TS]
00:25:25
◼
►
Utah who who disappeared in China at the end of his mission and his family spent
[TS]
00:25:29
◼
►
has spent the last few years trying to figure out what happened to him in their
[TS]
00:25:32
◼
►
best gas and they really have you know some pretty nothing confirming it but
[TS]
00:25:37
◼
►
some pretty good circumstantial evidence that he might have been kidnapped by
[TS]
00:25:40
◼
►
North Korean secret agents and taken to North Korea implausible sadly at
[TS]
00:25:47
◼
►
BuzzFeed you know which you know it's not their bread and butter
[TS]
00:25:50
◼
►
you know but there they are paying for some feature writing everybody was
[TS]
00:25:55
◼
►
compared to compared to most of our BuzzFeed publishes though something like
[TS]
00:25:59
◼
►
the New York Post New York Daily News is relatively high bruh today in the the
[TS]
00:26:05
◼
►
issue the issue in the long form journalism trend is that a lot of sites
[TS]
00:26:09
◼
►
that do that do you know they make it up in in volume so BuzzFeed you know they
[TS]
00:26:13
◼
►
their same thing with Huffington Post to some extent or politically no different
[TS]
00:26:19
◼
►
but you need Business Insider probably in this camp to his they need billions
[TS]
00:26:24
◼
►
of very very very low paying pageviews to have enough money to afford to do
[TS]
00:26:29
◼
►
stuff that will get higher ad rates because it's higher quality but requires
[TS]
00:26:35
◼
►
more of investment and BuzzFeed certainly huge war chest of of private
[TS]
00:26:39
◼
►
investment and they certainly have been perfecting the bulk model and they've
[TS]
00:26:45
◼
►
been hiring more and more serious journalism the episode of Top and the
[TS]
00:26:49
◼
►
news reporting a long for men and are doing good work there much as I hate to
[TS]
00:26:53
◼
►
say it but if they're in and I think actually is producing features now
[TS]
00:26:58
◼
►
that's new
[TS]
00:27:00
◼
►
all the sites out there that produce any kind of volume are also not trying to be
[TS]
00:27:05
◼
►
too long form work
[TS]
00:27:08
◼
►
but let's get back to that i'm gonna take a break right now then do the talk
[TS]
00:27:12
◼
►
about it for sponsor and it's our good friends at mail route around in short is
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00:27:21
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easy to implement fully customizable front-end for your domains email at work
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simply simply it's easy reliable easy reliable easy and reliable that's the
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talking points that easy reliable but it really is it's the best solution and I T
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out of your email and deliver clean mail to your mailbox more than 90% of all
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email traffic today is spam and viruses mail route keeps that garbage after
[TS]
00:27:56
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service off your servers and out of your mailboxes show you our mail servers
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00:28:01
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don't even have to deal with it right you just take the ten percent of the
[TS]
00:28:05
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email that actually the real stuff has a very low very low false positively rate
[TS]
00:28:11
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and reliable up time and it's a hosted service in the clouds not hardware you
[TS]
00:28:16
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have to install software that you have to install worry if it's compatible with
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00:28:21
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u'r exist in email server it's just a service that you point your MX records
[TS]
00:28:31
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too and then the mail gets forwarded on to your existing server so you don't
[TS]
00:28:34
◼
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have to change anything on your mail servers and you just point your MX
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00:28:38
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records of male round they do all the filtering then clean mail comes to you
[TS]
00:28:43
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very very elegant graceful solution for a third-party Filtering Service says it
[TS]
00:28:48
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can work with any tranny anybody is written and created by email nerds and
[TS]
00:28:54
◼
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their target is the idea pro crowd right they have an API so you can write
[TS]
00:28:59
◼
►
scripts customize it to your heart's content they know that I T pros wanna
[TS]
00:29:04
◼
►
have it just the way they want it
[TS]
00:29:06
◼
►
so you can manage it with all the stuff you want you can manage your users
[TS]
00:29:10
◼
►
through LDAP Active Directory or with mail routes own custom API it's the only
[TS]
00:29:17
◼
►
email service that they're aware of that has an API like that so you can reduce
[TS]
00:29:23
◼
►
your hardware costs you can probably cut a lot of their examples if you go to
[TS]
00:29:28
◼
►
their website and check them out a lot of their customers have been able to
[TS]
00:29:32
◼
►
greatly greatly reduce the number of email servers they have because the bulk
[TS]
00:29:37
◼
►
of what they had multiple servers for was just dealing with the vast amount of
[TS]
00:29:42
◼
►
email that garbage just spam and viruses and stuff they love admins and they also
[TS]
00:29:48
◼
►
love little guys even if you're a small organization they have no minimum number
[TS]
00:29:51
◼
►
of users and no maximum number either got a mail route dotnet / the talk-show
[TS]
00:29:59
◼
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find out more so anyway I started the Showtime the balls you have only got to
[TS]
00:30:06
◼
►
the magazine here also still writing for speaking a magazine The Economist
[TS]
00:30:11
◼
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talk about you know doing it the right way and shooting you know for top tier
[TS]
00:30:16
◼
►
journalism and and analysis
[TS]
00:30:19
◼
►
you've got your podcast the new disrupters that weekly die every week
[TS]
00:30:27
◼
►
every week its its head so I it's slightly nonperishable sometimes two
[TS]
00:30:33
◼
►
batches at a time to celebrate New Year this is a year of episode David skipped
[TS]
00:30:38
◼
►
one episodes i dont 50 51 52 is this week on the anniversary of when
[TS]
00:30:44
◼
►
recording this issue congratulations and thank you it's so much fun it's just I
[TS]
00:30:49
◼
►
love dealing with creative people like this background art work in journalism I
[TS]
00:30:54
◼
►
love collaborating on my favorite thing is finding people that like to work with
[TS]
00:30:57
◼
►
and figuring out something to do with them and so the podcast every week I
[TS]
00:31:01
◼
►
gotta talk to new and interesting people who are just
[TS]
00:31:04
◼
►
try to find a pollyanna but I like people who are excited and happy about
[TS]
00:31:08
◼
►
what they do in that that kind of my Twitter problem to his people who are
[TS]
00:31:11
◼
►
sad sacks I tend to unfollow like even if the people who otherwise likely I
[TS]
00:31:15
◼
►
don't want relentless negativity I don't need relentless positivity either but so
[TS]
00:31:20
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the podcast I find people who have just are just full of this incredible
[TS]
00:31:24
◼
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creativity and enthusiasm and engage with life and it sometimes it's you know
[TS]
00:31:30
◼
►
really off-base tough and sometimes it's like you know these people are making a
[TS]
00:31:34
◼
►
book or they have a business lady whatever but it's it's so much fun I'm
[TS]
00:31:39
◼
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on you were Twitter page
[TS]
00:31:42
◼
►
Glenn F G with 2 N's says right now just under your profile page
[TS]
00:31:51
◼
►
a hundred and eighty thousand and 91 tweets yet so crazy to not only forty
[TS]
00:32:00
◼
►
thousand years I talked to be able to Twitter is not optimized for mentions so
[TS]
00:32:06
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I will get blocked on Twitter during active things going on and 95% of what
[TS]
00:32:12
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I'm treating its not you know public it starts with an at sign so only people
[TS]
00:32:16
◼
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following me and the other person CSI think of it as having a conversation and
[TS]
00:32:21
◼
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Twitter can set against you so I'll be going back and forth with someone you
[TS]
00:32:25
◼
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know Kwasi publicly but nobody on my own and my followers see unless they
[TS]
00:32:29
◼
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happened to intersect with the other person so for some people are being very
[TS]
00:32:32
◼
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talky you know if if you and i have a similar graph then I'm very talky for
[TS]
00:32:37
◼
►
going back and forth but everybody else they don't see it all they've got you
[TS]
00:32:40
◼
►
know configured whatever so it's weird in some ways I'm really prolific other
[TS]
00:32:45
◼
►
ways it's like well this is my child to all this is my public chat
[TS]
00:32:50
◼
►
so let me ask you this with the magazine you the magazine is still completely
[TS]
00:32:57
◼
►
funded by subscriptions is that correct
[TS]
00:32:59
◼
►
yeah I think we'll see the have to put a proviso in because we start doing some
[TS]
00:33:05
◼
►
work with medium medium dot com because they are doing their own experiments
[TS]
00:33:10
◼
►
with what people are gonna pay for content or look at for content so
[TS]
00:33:14
◼
►
they're paying some publishers including me to develop some new content that
[TS]
00:33:18
◼
►
appears exclusively their first so there's not it's not this you know
[TS]
00:33:22
◼
►
wonderful giant pot of money they're throwing up so some money for the
[TS]
00:33:27
◼
►
magazine could ostensibly said to be coming from the net after AP writers for
[TS]
00:33:31
◼
►
for that but it's a pretty tiny amount relative to the subscription revenue
[TS]
00:33:35
◼
►
know and there's no advertising medium which is why it makes it a reasonable
[TS]
00:33:39
◼
►
place to work with where I don't have to change the model of what I'm doing are
[TS]
00:33:43
◼
►
worried about people being irritated by having ads in one place or another sort
[TS]
00:33:47
◼
►
of another publishing platform drying out and they're subsidizing that which
[TS]
00:33:51
◼
►
is kinda cool but if they don't have bad what they don't charge for access than
[TS]
00:33:56
◼
►
where where are they ever going to get money how is that not just burnin burnin
[TS]
00:34:00
◼
►
up a pile of venture capital of course the team's bank
[TS]
00:34:06
◼
►
well from what I can tell it's funny they don't play it too close to this and
[TS]
00:34:10
◼
►
i think im just talked about it in public a bit too is they're
[TS]
00:34:14
◼
►
experimenting that I mean this is this is kind of the Twitter model is 25 years
[TS]
00:34:18
◼
►
before they ever started doing advertising or doing anything with money
[TS]
00:34:22
◼
►
and you know these are the same as the same folks behind that essentially it's
[TS]
00:34:27
◼
►
the same folks and their their funding it i think as a key we don't know what's
[TS]
00:34:33
◼
►
gonna happen next nobody does this is the time to noodle and we're gonna blow
[TS]
00:34:36
◼
►
some money on new link but they're trying to land the high end
[TS]
00:34:40
◼
►
of the spectrum which is yet another weather is great for readers things how
[TS]
00:34:43
◼
►
it works out publications and investors you know to be determined but they're
[TS]
00:34:48
◼
►
paying for content internally I mean they made a blogging platform so this
[TS]
00:34:51
◼
►
thing is confusing house medium used to be one thing when it launched it was
[TS]
00:34:56
◼
►
like a place where people who were invited could use a new century blogging
[TS]
00:35:00
◼
►
platform that has a really great editor editing interface to post essays and
[TS]
00:35:05
◼
►
stuff right that was when it launched as in you have to be invited in it was a
[TS]
00:35:09
◼
►
little rudimentary but it was very attractive way to rate then it became
[TS]
00:35:13
◼
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well more people are being invited then it became anyone now can go sign up with
[TS]
00:35:17
◼
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Twitter or via Twitter account authenticate themselves and post
[TS]
00:35:21
◼
►
whatever they want to medium and so it's a blogging platform right and you can
[TS]
00:35:23
◼
►
export all your stuff in a format you can bring somewhere else but you know
[TS]
00:35:27
◼
►
that you own your words a non-exclusive license no outs but now its expanded a
[TS]
00:35:33
◼
►
several months ago they started hiring editors and they have they assign our
[TS]
00:35:37
◼
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articles they hired on my friend Matt Bors editorial cartoonist is there on
[TS]
00:35:43
◼
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staff guy and he runs all his stuff first areas to original work for them
[TS]
00:35:46
◼
►
he's contracted people like rich Stevens and Tom tomorrow and so forth to do
[TS]
00:35:51
◼
►
original and reprint work on the site so now they're an internal operations
[TS]
00:35:55
◼
►
cartoons and long-form journalism and other stuff with editors and in the
[TS]
00:36:00
◼
►
third thing is what they're doing with me and a few other publications where
[TS]
00:36:04
◼
►
they're subsidizing content in the interest of us creating new high quality
[TS]
00:36:08
◼
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stuff that meets no good stringent editorial requirements but they don't
[TS]
00:36:12
◼
►
have to pay for our editorial operations they don't build themselves they're just
[TS]
00:36:17
◼
►
paying a fee and we're posting stuff and we're and we're seeing what happens so I
[TS]
00:36:22
◼
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think it's a great multi tier experiment and they keep improving the editing
[TS]
00:36:26
◼
►
experience you like I have worked with a lot of content management systems CMS is
[TS]
00:36:31
◼
►
over the air and they're all lawful and median is the best here must have ever
[TS]
00:36:35
◼
►
worked with its not very flexible in that you're a sort of like Apple like
[TS]
00:36:39
◼
►
medium a lot in common you know a lot of choices but the choices are generally
[TS]
00:36:44
◼
►
good if you don't like your stock
[TS]
00:36:47
◼
►
but generally like him so let me know when it launched the very few things you
[TS]
00:36:52
◼
►
can do in keno but it was hard to make a bad presentation in Keynote like a truly
[TS]
00:36:56
◼
►
ugly PowerPoint presentation the default setting up our phone is ugly and bad the
[TS]
00:37:01
◼
►
default setting aquino is attractive in reasonable but it's still hard to
[TS]
00:37:04
◼
►
communicate to work in Keynote like you do anywhere so mediums default is very
[TS]
00:37:10
◼
►
nicely presented very straightforward minimal formatting and it's a delightful
[TS]
00:37:14
◼
►
distraction free place to write as well as a writer I don't like writing in 30
[TS]
00:37:20
◼
►
mins Iranian BBEdit mostly and medium is the closest thing to writing and kind of
[TS]
00:37:24
◼
►
a stripped down at her as you can get but you can throw images and you can do
[TS]
00:37:27
◼
►
limited formatting so that's kind of the thing is they've built a really great
[TS]
00:37:31
◼
►
CMS in which the backend rating administration is very very very close
[TS]
00:37:36
◼
►
to what the front end is when you switch from editing to publishing the
[TS]
00:37:40
◼
►
differences really tiny and that's kind of awesome it's very WYSIWYG very direct
[TS]
00:37:46
◼
►
and that is huge its own self and then they're trying all these models to see
[TS]
00:37:50
◼
►
what gets people to read and then I see you at some point you know they will
[TS]
00:37:54
◼
►
figure out what it is do they put ads on like the decks are really unobtrusive
[TS]
00:37:58
◼
►
effective but don't feel like crazy banner advertising or do they go to a
[TS]
00:38:03
◼
►
subscription model or do they don't know what to do but I i'm glad that there is
[TS]
00:38:07
◼
►
some real money in 'cause newspapers are known to the conventional journalism
[TS]
00:38:11
◼
►
sources are really experimenting in this radical away with what the future of a
[TS]
00:38:16
◼
►
reading experiences I mean this is almost a natural outgrowth of what
[TS]
00:38:19
◼
►
markers ideas have been with Instapaper and with other regulators services about
[TS]
00:38:23
◼
►
you know what what people want a real crafted on nonsense and medium is that
[TS]
00:38:28
◼
►
it's no craft no ads and very very straightforward reading in every
[TS]
00:38:33
◼
►
platform you're gonna lose everybody's home lose if if your ideas what does
[TS]
00:38:38
◼
►
everybody want to read online what can we make that everybody is going to want
[TS]
00:38:41
◼
►
to read because no not going to do it and if you want to say well what is
[TS]
00:38:45
◼
►
most whether most people gonna wanna read well then you're going to end up
[TS]
00:38:50
◼
►
with some crap BuzzFeed right but what are what is an untapped or under under
[TS]
00:38:57
◼
►
underserved market for what some people want to read online chats you know about
[TS]
00:39:05
◼
►
you know good stuff but Jake what's the new yorker be like if the new yorker
[TS]
00:39:10
◼
►
didn't have its legacy don't have the same quality of rating I mean I don't
[TS]
00:39:14
◼
►
want to promote medium as being the new yorker but that you know they're more on
[TS]
00:39:18
◼
►
that and do things and people will play the New Yorker is not really ever been a
[TS]
00:39:21
◼
►
very profitable publication have heard was on its own it wasn't and then
[TS]
00:39:25
◼
►
communists are subsidized into four ways for years I think it actually has made
[TS]
00:39:29
◼
►
money for a while
[TS]
00:39:30
◼
►
partly because by reducing expenses like everybody else but but i dont the New
[TS]
00:39:35
◼
►
Yorker the New Yorker is not like this great engineer newspapers used to make
[TS]
00:39:40
◼
►
25 to 35 percent profit we talked about last time a huge profit margins The New
[TS]
00:39:44
◼
►
Yorker is probably made you know one percent profit over its hundred ninety
[TS]
00:39:49
◼
►
years of existence so that harkens back to the lake don't do really great most
[TS]
00:39:56
◼
►
of the time really great journalism really interesting stuff that you read
[TS]
00:40:00
◼
►
is not massively profitable but it should pay everyone involved so the new
[TS]
00:40:04
◼
►
yorker may not return money to investors but everyone involved indicates that
[TS]
00:40:08
◼
►
reporters get paid well the staff the editors you know what did you say
[TS]
00:40:11
◼
►
whether it's like the heritage of the new yorker what did you just say
[TS]
00:40:13
◼
►
something about like you said it was perfect it was the way that the New
[TS]
00:40:22
◼
►
Yorker has such a great legacy I don't know I don't even know that's how
[TS]
00:40:28
◼
►
they've built on that and you know and you know the new yorker still looks like
[TS]
00:40:33
◼
►
the new york oh yeah and I mean that's the thing is they are doing what they
[TS]
00:40:36
◼
►
called digital replica publisher in this you know this gets us into a different
[TS]
00:40:40
◼
►
issues will call back to the magazine so about your 97 or 98 percent of the
[TS]
00:40:47
◼
►
funding is
[TS]
00:40:48
◼
►
net revenues coming from subscriptions or it comes from and there's a very
[TS]
00:40:57
◼
►
short position I bring up the new yorker because in this case and the whole new
[TS]
00:41:02
◼
►
standard Apple newsstand thing is that the new yorker and a lot of other paper
[TS]
00:41:07
◼
►
publications because of how newspaper and magazine auditing is done for
[TS]
00:41:13
◼
►
circulation they do a digital replica which is the kind of Adobe or other
[TS]
00:41:18
◼
►
loaded interface right that's that's again that's what brought Marco into
[TS]
00:41:22
◼
►
making the magazine the first place was 780 megabyte downloads of the new yorker
[TS]
00:41:26
◼
►
for an issue on the iPad but they have to produce something that's very similar
[TS]
00:41:31
◼
►
in form to the print issue to get auditing at the advertising and that's
[TS]
00:41:36
◼
►
the model even though they're selling subscriptions that you only so big on a
[TS]
00:41:40
◼
►
couple months ago they put to this report which they showed some of the
[TS]
00:41:44
◼
►
numbers from the audited circulation the digital replica and in print circulation
[TS]
00:41:48
◼
►
of various publications including the top 10 in your so forth and it turns out
[TS]
00:41:54
◼
►
they don't have very many subscriptions I mean the record because a million
[TS]
00:41:57
◼
►
print subscriptions and $100,000 only replica subscriptions and that's not a
[TS]
00:42:04
◼
►
lot and you are most welcome the news then they come from the New Yorker's
[TS]
00:42:07
◼
►
website where they could come from another app so I was already a print
[TS]
00:42:11
◼
►
subscriber yet you can you get a free rate your print subscriber lot of
[TS]
00:42:15
◼
►
publications you're not going to do stances subscribe so Apple had started
[TS]
00:42:19
◼
►
the newsstand conceivably as a way to take some of the really huge amounts of
[TS]
00:42:23
◼
►
money spent on periodicals bring it in house there take the 30% cut and save
[TS]
00:42:29
◼
►
the industry because they were going to make it easy for people to subscribe
[TS]
00:42:34
◼
►
losses farmers will come back marking would be cheaper and we were thirty
[TS]
00:42:37
◼
►
percent because Apple is handling all this and it was a much stick your
[TS]
00:42:42
◼
►
experience and blah blah that's obviously turned out not to be true but
[TS]
00:42:45
◼
►
think it's think it's clear that Apple's not the savior of the book industry or
[TS]
00:42:48
◼
►
the periodical industry and it's led to you know sort of where they are today
[TS]
00:42:53
◼
►
with newsstand
[TS]
00:42:54
◼
►
the magazine is actually one of the more popular publications and we should
[TS]
00:42:59
◼
►
induce today we should buy top we show up in the top grossing list sometimes
[TS]
00:43:03
◼
►
very close to the top and we should not if the other publications are doing as
[TS]
00:43:08
◼
►
well as they should in selling on newsstands as their primary place for
[TS]
00:43:12
◼
►
the digital subscriptions to purchase I say I still think and I think this is
[TS]
00:43:17
◼
►
one of those like sort of its meta analysis but I think it's sort of under
[TS]
00:43:22
◼
►
represented is on the day the original iPad was introduced at that event and it
[TS]
00:43:31
◼
►
kind of garnered a lease in some quarters especially in the more
[TS]
00:43:36
◼
►
mainstream I think that you know I certainly got it I i really was pressed
[TS]
00:43:41
◼
►
by the original iPad and I think a lot of other tack sort of public or at least
[TS]
00:43:49
◼
►
the people who get what Apple does very impressive right off the bat but the
[TS]
00:43:52
◼
►
collective response in the mainstream media was sort of it's just a big part
[TS]
00:44:01
◼
►
of that was definitely because leading up to the announcement on everybody knew
[TS]
00:44:09
◼
►
was going to be a tablet right there was four months in advance there was Apple's
[TS]
00:44:13
◼
►
working on a tablet working on the tablet and then the day before the event
[TS]
00:44:16
◼
►
everybody knew where it thought they knew everybody was pretty darn sure that
[TS]
00:44:21
◼
►
what this event was for it was this tablet tablet but part of that was that
[TS]
00:44:28
◼
►
it was also widely predicted that the tablet was going to save the publishing
[TS]
00:44:36
◼
►
industry save the newspaper and magazine issue you know he's going to do for
[TS]
00:44:40
◼
►
newspapers and magazines what the iPod did for news and I know that in
[TS]
00:44:45
◼
►
hindsight lots and lots of music executive still say they still think
[TS]
00:44:49
◼
►
that you know they would be better off without it because you know the revenues
[TS]
00:44:53
◼
►
are still lower than they were at the peak of the CD
[TS]
00:44:56
◼
►
hero but that you know I think rational analysis will tell you that the CD era
[TS]
00:45:01
◼
►
was an anomaly because they you know right up until now Napster they were
[TS]
00:45:07
◼
►
charging people seventeen eighteen dollars four hits CD and people were
[TS]
00:45:11
◼
►
buying them just to get like the two songs that they wanted oh well there's
[TS]
00:45:15
◼
►
also a creeper CDs were repurchased oh yes yes yes yes
[TS]
00:45:18
◼
►
global right when people all those casualties were thrown out the tapes you
[TS]
00:45:24
◼
►
know for me you know I'm young enough their original musical excellence
[TS]
00:45:27
◼
►
cassette tapes and I bought three bottles lot of stuff on CD
[TS]
00:45:31
◼
►
you know I remember you know for me in this is totally true I remember thinking
[TS]
00:45:37
◼
►
as you know when I was in college
[TS]
00:45:41
◼
►
significant part of my net worth was my CDs and I didn't have used CD collection
[TS]
00:45:47
◼
►
I had I don't know maybe 100 to 200 estimated somewhere between 100 and 200
[TS]
00:45:54
◼
►
compact discs but you could resell them right you can you know it was a huge
[TS]
00:45:59
◼
►
thing in the nineties where do you go to a used CD shop and you could resell the
[TS]
00:46:04
◼
►
you could sell them for roughly 10 bucks you know give or take depending on what
[TS]
00:46:09
◼
►
it was you know five to 10 bucks if it was in good shape so if I had a hundred
[TS]
00:46:14
◼
►
CDs I could if I needed the money I could go and sell them and you know walk
[TS]
00:46:20
◼
►
out of the store with $1500 right and that was actually a huge amount of my
[TS]
00:46:25
◼
►
net worth I had had a checking account of my parents occasionally put some
[TS]
00:46:30
◼
►
money into I had a Mac LLC that you know by the time I was you know my third or
[TS]
00:46:39
◼
►
fourth year of college at greatly did you know depreciated in value and I had
[TS]
00:46:44
◼
►
my CDs you know and I had a stereo system to play them on that's really all
[TS]
00:46:49
◼
►
I had that if I really needed money that's all I had to to to sell but I you
[TS]
00:46:54
◼
►
know the thing that was probably worth the most by the time I graduated where
[TS]
00:46:57
◼
►
the CDs which is crazy if you think about there's no rational and irrational
[TS]
00:47:01
◼
►
world a 22 year old who likes to listen to music shouldn't have to
[TS]
00:47:06
◼
►
have you know to $3,000 tied up in their music collection ridiculous but that's
[TS]
00:47:12
◼
►
what they want to do anyway
[TS]
00:47:13
◼
►
music executives today will argue some will argue that Apple you know that if
[TS]
00:47:17
◼
►
it hadn't been for those jerks at Apple they've somehow come up with something
[TS]
00:47:20
◼
►
that would have kept the the golden era going but I think rational people would
[TS]
00:47:23
◼
►
agree Apple did save them from a world where everything had gone free and this
[TS]
00:47:28
◼
►
is a receipt with cable TV too is like the cable industry that thing that
[TS]
00:47:32
◼
►
freaks him out the most is unbundling because nobody wants all those channels
[TS]
00:47:35
◼
►
nobody wants to be $1 4050 shells they want to pay twenty thirty dollars for
[TS]
00:47:40
◼
►
like seven channels but anyway there was this undercurrent and I mean it was
[TS]
00:47:44
◼
►
literally you know there were people talking about it before they let us into
[TS]
00:47:47
◼
►
the event you know I was there you know the other press people then that was
[TS]
00:47:51
◼
►
widely talked about it what are they going to do it you know I wonder if are
[TS]
00:47:54
◼
►
you know people who worked for newspapers and stuff were wondering you
[TS]
00:47:58
◼
►
know where it is my paper gonna get involved with this whatever and when you
[TS]
00:48:01
◼
►
know the event came and finished without any kind of announcement of anything
[TS]
00:48:05
◼
►
like it no new newspaper I mean I guess they had the the New York Times app
[TS]
00:48:10
◼
►
right was demoed at the event but they were like we were like we it's an IHOP
[TS]
00:48:15
◼
►
though it's not a feeling like it's not a fan and I think that fueled the nav
[TS]
00:48:20
◼
►
response to the iPad because these you know from people who work at these
[TS]
00:48:23
◼
►
publications who are hoping that Apple they they kind of went into it with this
[TS]
00:48:26
◼
►
perspective of house Apple gonna save my publication I'm worried about my job and
[TS]
00:48:32
◼
►
the event came and went with no no no word about it and and it I think it
[TS]
00:48:37
◼
►
fueled that initial poor response to the iPad because they were so you know and
[TS]
00:48:43
◼
►
it's only natural if you know if you're worried about the future of your own job
[TS]
00:48:47
◼
►
and your own industry that's you know and it still does the case today if
[TS]
00:48:52
◼
►
you're you know somebody who's especially if you're a little bit older
[TS]
00:48:56
◼
►
and more established already established in you thought even just a few years ago
[TS]
00:49:00
◼
►
that you know you had a career for the rest of your working years
[TS]
00:49:04
◼
►
it's not just that you know that your publications gonna go under and you have
[TS]
00:49:09
◼
►
to go to some other publication the worry is that if the industry you know
[TS]
00:49:13
◼
►
shrivels there you know there won't be anybody else to go to
[TS]
00:49:16
◼
►
yes not it's not irrational because there's I mean this is the problem the
[TS]
00:49:20
◼
►
disruption problem is when you have these huge changes in the economy in the
[TS]
00:49:25
◼
►
past I would say pre digital there's still the issue of moving atoms around
[TS]
00:49:29
◼
►
so you figure out a new way to make atomic thing better like this process
[TS]
00:49:34
◼
►
shaves eighty percent of the cost off people were still pay used to pay the
[TS]
00:49:38
◼
►
same like you didn't suck all the money out of the system will usually did as
[TS]
00:49:42
◼
►
you sucked some of the money into a new segment of industry new companies the
[TS]
00:49:47
◼
►
old ones might collapse and you have bankruptcies and stuff like that but all
[TS]
00:49:51
◼
►
the major go away right
[TS]
00:49:52
◼
►
the publishing industry disruption is that because because I think bad
[TS]
00:49:58
◼
►
decisions and bad ways of thinking the nineteen nineties that everything should
[TS]
00:50:01
◼
►
be that this isthat misreading of store-brand hear it all the time is
[TS]
00:50:04
◼
►
Stewart Brand said information wants to be free he was not this is that libres
[TS]
00:50:08
◼
►
vs gratis libre versus freedom of thought right here is versus free as in
[TS]
00:50:17
◼
►
freedom yeah and so his statement if you read it more carefully in context was
[TS]
00:50:22
◼
►
that you should be able to have access to information not that you shouldn't
[TS]
00:50:26
◼
►
pay for it i mean a course he was he was advocating more availability of
[TS]
00:50:30
◼
►
information at no cost but also that what the availability of information in
[TS]
00:50:35
◼
►
general and he is a publisher resold information he wasn't giving it away so
[TS]
00:50:40
◼
►
I don't know why this infected things but I don't think it was people buy into
[TS]
00:50:44
◼
►
I think the publishing industry simply did not understand the internet thought
[TS]
00:50:48
◼
►
it was a fair because they've gone through video taxed in whatever you know
[TS]
00:50:51
◼
►
the executive
[TS]
00:50:54
◼
►
all these things are like the internet a lot more people but it's ultimately
[TS]
00:50:57
◼
►
there's no money there no one's gonna care and its gonna come and go so we'll
[TS]
00:51:00
◼
►
put some time money into it there are people who love for thought like doctors
[TS]
00:51:04
◼
►
at a spot called news and comics a few years ago
[TS]
00:51:08
◼
►
he was one of the voices in the wilderness did some smart things but i
[TS]
00:51:11
◼
►
think i dont wanna say he was advocating walls in the nineteen nineties you know
[TS]
00:51:15
◼
►
it was not that we should all be paying for all the journalism out there is a
[TS]
00:51:19
◼
►
publisher who has a publication I want you to pay I understand there are
[TS]
00:51:22
◼
►
different philosophies in ads can support but like 95% of the money from
[TS]
00:51:27
◼
►
advertising locked up in these Kwasi local monopolies publishing some
[TS]
00:51:32
◼
►
national publishing markets where the only venue where advertisers could reach
[TS]
00:51:36
◼
►
people in print were through these very specific ways that had extremely high
[TS]
00:51:40
◼
►
inflated high-profit methods that got sucked totally out it wasn't replaced
[TS]
00:51:46
◼
►
with much rate online advertising is a huge industry but it's so dispersed it
[TS]
00:51:51
◼
►
so spread so thin that even though its many tens of billions of dollars a year
[TS]
00:51:55
◼
►
now it didn't go back to the previous high mark eg keepers but but advertisers
[TS]
00:52:01
◼
►
have found much more efficiency rate so the efficiency and the disbursement the
[TS]
00:52:05
◼
►
distribution of people's attention at the same time just such summit many
[TS]
00:52:11
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others no clear path for how to fund but was funded for you know hundred-plus
[TS]
00:52:17
◼
►
years ago that journalism can exist in the same form because the advertising
[TS]
00:52:21
◼
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money just simply isn't coming back at that intensity per read her and the
[TS]
00:52:28
◼
►
subscription model is still developing whether people are willing to pay enough
[TS]
00:52:31
◼
►
and I'm the magazine is ongoing experiment I don't think of it as a
[TS]
00:52:35
◼
►
successful business I'll be honest is a very interesting thing for me to do as
[TS]
00:52:39
◼
►
an entrepreneur but I think of it as an ongoing experiment in how people read
[TS]
00:52:43
◼
►
and what they're willing to pay for and I feel like I'm on the front lines of
[TS]
00:52:46
◼
►
the cutting edge of understanding that because we're trying to do something
[TS]
00:52:52
◼
►
very independent that's new that's a very much of the internet born digital
[TS]
00:52:57
◼
►
and yet we're looking to this old model of something so well and this ties this
[TS]
00:53:04
◼
►
relates right back to what we were talking about earlier in the show where
[TS]
00:53:08
◼
►
you know let's call it clicked right
[TS]
00:53:10
◼
►
empty garbage has no lasting value but generates a lot of
[TS]
00:53:18
◼
►
of traffic you know newspapers and magazines aren't even historically done
[TS]
00:53:29
◼
►
an incentive that there's always some fluff right there you know I like comics
[TS]
00:53:34
◼
►
I love that I used to love the comic side when I was a daily newspaper reader
[TS]
00:53:37
◼
►
love the comics page but let's face it that's not serious that's not what
[TS]
00:53:41
◼
►
people talk about newspapers is serious institutions
[TS]
00:53:45
◼
►
you know the comics page is not it you know the New York Times famously does
[TS]
00:53:50
◼
►
not have a comics page you know there's this society pages you know a lot of
[TS]
00:53:57
◼
►
newspapers have gossip columns stuff like that the thing is cuz it was all
[TS]
00:54:04
◼
►
bundled in you had to buy either you are a subscriber who got the whole thing
[TS]
00:54:08
◼
►
every day where you bought a single copy every day you bought the whole thing and
[TS]
00:54:12
◼
►
so the fact that expensive investigative journalism something where you put a
[TS]
00:54:18
◼
►
team of two reporters to investigate whether the mayor's office has been
[TS]
00:54:24
◼
►
taking illegal contributions from construction company in a sort of thing
[TS]
00:54:29
◼
►
that local newspapers are really the only institution that can uncover that
[TS]
00:54:33
◼
►
sort of thing
[TS]
00:54:34
◼
►
the sports scores for the high schools are in that was a huge reason the people
[TS]
00:54:38
◼
►
at one point right right and so you know there might be a lot more people who
[TS]
00:54:45
◼
►
checked the scores on sports page then who read the city hall reporters daily
[TS]
00:54:55
◼
►
filings but you know it was you know it was all of the bundle and it wasn't it
[TS]
00:55:01
◼
►
wouldn't matter if that City Hall reporting costs more than you know
[TS]
00:55:06
◼
►
paying an intern to to type the high school basketball scores as they came in
[TS]
00:55:11
◼
►
you know it was just considered part of the institution whereas now with this
[TS]
00:55:15
◼
►
page 3 model where you can see what's making the money just across the whole
[TS]
00:55:20
◼
►
thing and and steers the institution in the direction of where the Patriots are
[TS]
00:55:26
◼
►
coming in everything becomes vertical in this market rate is an incredibly crass
[TS]
00:55:32
◼
►
pageview acquiring like lowest-common-denominator period stuff
[TS]
00:55:35
◼
►
is all one vertical at all
[TS]
00:55:37
◼
►
Business Insider for business news at all p.m. post for sort of political
[TS]
00:55:42
◼
►
gossip it's all BuzzFeed for just nonsense right where you know or even
[TS]
00:55:45
◼
►
though I can haz hamburger hamburger which is never was never intended
[TS]
00:55:51
◼
►
pretend to be news or anything like that they're all these verticals for that
[TS]
00:55:55
◼
►
kind of common denominator that used to help justify or or boy up the profits at
[TS]
00:56:03
◼
►
the news of vertical for comics right there are different comic safety of all
[TS]
00:56:07
◼
►
these web comics artists many of them making her or even a very good living
[TS]
00:56:12
◼
►
the huge range of people there who they would previously have to be in a paper
[TS]
00:56:16
◼
►
in syndicated in most money would go to the newspaper this indicates they make
[TS]
00:56:19
◼
►
it directly right to have them to then you have this investigative part of the
[TS]
00:56:25
◼
►
features partly investigated port the sports part all verticals the trouble is
[TS]
00:56:29
◼
►
the long form investigative part doesn't really pay like you can't hope all cars
[TS]
00:56:35
◼
►
just sold or sort of Kwasi acquire booze NSFW Corp his publication into Pando
[TS]
00:56:44
◼
►
daily in like you know we all unite and will have different feelings up into a
[TS]
00:56:48
◼
►
daily and its kinda in bed with its investors in terms of like writing about
[TS]
00:56:52
◼
►
companies that funded it whatever so there's that whole thing but W i
[TS]
00:56:56
◼
►
subscribe to his very interesting good publication and it was essentially the
[TS]
00:57:01
◼
►
investigative arm of the newspaper or magazine here and he's really long super
[TS]
00:57:06
◼
►
in-depth features and they paid people fairly well for their staff they ran
[TS]
00:57:10
◼
►
three million dollars and they could not think they had several thousand
[TS]
00:57:14
◼
►
subscribers by the end which is nothing in terms of being able to produce the
[TS]
00:57:18
◼
►
revenue you need for the investors investing in you so don't say that you
[TS]
00:57:22
◼
►
can any of what I'm doing I still modest numbers describes room during a
[TS]
00:57:25
◼
►
sustainable and I'm trying to branch out into different publishing methods they
[TS]
00:57:30
◼
►
feel like the newsstand is not viable as it was brand new books and other things
[TS]
00:57:35
◼
►
but it's that in the past each part with subsidized the other and maybe you would
[TS]
00:57:40
◼
►
do this incredible investigative piece and newsweek maritime in time have the
[TS]
00:57:45
◼
►
cover story by Steven Brill about medical bills
[TS]
00:57:48
◼
►
yes yes so time could have sold I don't know if this is true but I'm could
[TS]
00:57:52
◼
►
actually sold a million copies on the newsstand more because this was a big
[TS]
00:57:56
◼
►
you know this is that kind of thing that gets up much buzz actually used to drive
[TS]
00:58:01
◼
►
newsstand sales they go back to the prices they were print more copies so
[TS]
00:58:05
◼
►
you could come out with a great newspaper story or great magazine story
[TS]
00:58:08
◼
►
and actually route recoup some of the expense sometimes by selling more copies
[TS]
00:58:13
◼
►
just know that now a million to 10 million extra page views might be tens
[TS]
00:58:19
◼
►
of thousands of dollars is not hundreds of thousands or millions of dollars
[TS]
00:58:22
◼
►
there's a mismatch now between what used to all be grouped as like one
[TS]
00:58:27
◼
►
publication and all these different verticals each of which may not be
[TS]
00:58:30
◼
►
sustainable separately and maybe they have to get squeezed back together and
[TS]
00:58:35
◼
►
that's why does he does the high-end features and stuff to do in and the
[TS]
00:58:40
◼
►
lowbrow which is the million other billion pagey things they seem to be
[TS]
00:58:44
◼
►
trying to two tigers back together to glue them together to make both ends
[TS]
00:58:47
◼
►
work that's come back to that wanted to ask you a few questions about a few more
[TS]
00:58:53
◼
►
questions about the newsstand magazine speaking of which I'm gonna take a break
[TS]
00:58:57
◼
►
here doing I had read but I also absolutely I must do a nephew us to
[TS]
00:59:03
◼
►
follow up from last week's show with with folks where I was talking about
[TS]
00:59:09
◼
►
apples bunny suit the one where they torched guide the Intel guy in a bunny
[TS]
00:59:15
◼
►
suit I said it was for the g5
[TS]
00:59:17
◼
►
to not John Siracusa very plainly corrected me it was that was from the G
[TS]
00:59:25
◼
►
three PowerMax which were so far so all that appealing to the adam has shown
[TS]
00:59:32
◼
►
that but it was actually when Apple is still building beige beige boxes from
[TS]
00:59:37
◼
►
1998 so I guess the the candy-colored IMAX route but the equivalent industrial
[TS]
00:59:45
◼
►
design PowerMax weren't a really old what's-his-name dreyfus was the narrator
[TS]
00:59:54
◼
►
let me take a break and tell you that another great returns sponsored to the
[TS]
01:00:04
◼
►
show our friends at igloo igloo you'll remember this they give you an Internet
[TS]
01:00:10
◼
►
they'll actually like you can share content quickly with built-in apps
[TS]
01:00:15
◼
►
they've got blogs counters file-sharing forums twitter-like microblogs wikis
[TS]
01:00:22
◼
►
right so if you've ever thought would be great if we had like our group our team
[TS]
01:00:26
◼
►
our company if we had our own little private Twitter something where we could
[TS]
01:00:30
◼
►
just post things like links and little short things but keep it private it's
[TS]
01:00:34
◼
►
just for us if you can give you that everything is social you can comment on
[TS]
01:00:40
◼
►
any type of any type of comment in that thang comment on calendar items comment
[TS]
01:00:45
◼
►
on files are uploaded you can add a dimension each other you know your
[TS]
01:00:50
◼
►
co-workers and colleagues and you can follow content for updates and used tags
[TS]
01:00:56
◼
►
to group things the way you work so you can tag you know an event in a file and
[TS]
01:01:04
◼
►
have them grouped together by that tag of another different discrete items you
[TS]
01:01:11
◼
►
can add rooms like little mini lose so if you're in a bigger organization you
[TS]
01:01:17
◼
►
can have them
[TS]
01:01:18
◼
►
primary for the whole organization company and many clues for each of the
[TS]
01:01:24
◼
►
teams that they come very easy the whole thing as drag and drop and it features
[TS]
01:01:30
◼
►
responsive design everything looks great on the phone on tablets are you know
[TS]
01:01:36
◼
►
thirty in sentiment displays and it looks good too they've got beautiful
[TS]
01:01:39
◼
►
funds from type kit so you've got the Adobe Type Library right at your finger
[TS]
01:01:44
◼
►
prints for customizing and designing they have enterprise-grade security and
[TS]
01:01:48
◼
►
start using it right away and this is the best thing I love this this is such
[TS]
01:01:51
◼
►
a great thing about it but i think is fueling their success is their their
[TS]
01:01:56
◼
►
pricing free for use with up to 10 people in your igloo grows then you pay
[TS]
01:02:02
◼
►
$12 a person each month so for big companies they charge money per person
[TS]
01:02:07
◼
►
but even if you're a huge organization you can try it for free just install it
[TS]
01:02:13
◼
►
try it use it with up to 10 people to see if it's going to suit your needs if
[TS]
01:02:17
◼
►
if it's as good as as I'm telling you that it really is for free CEO need to
[TS]
01:02:22
◼
►
get permission there's nothing no no kind of credit card on file to get
[TS]
01:02:26
◼
►
started to sign up
[TS]
01:02:28
◼
►
user for free and when you see how good it is then you can start pain where do
[TS]
01:02:32
◼
►
you go to find out more easy
[TS]
01:02:35
◼
►
glue software dot com slash the talk show and that'll let you know you came
[TS]
01:02:40
◼
►
from the show
[TS]
01:02:41
◼
►
igloo software dot com slash the talk show so lets try to figure out what the
[TS]
01:02:50
◼
►
hell is going on with with newsstand I have some ideas so
[TS]
01:02:57
◼
►
I guess affectively newsstand is what a lot of people in terms of a bowl it's
[TS]
01:03:03
◼
►
what what what I think everybody was hoping for the first day the iPad was
[TS]
01:03:08
◼
►
announced which is here is our meaning Apple's solution to how publishers can
[TS]
01:03:15
◼
►
take advantage of this platform iOS and iTunes Store where people are spending
[TS]
01:03:24
◼
►
money right i mean that's the goal it's apples solution to publishers who want
[TS]
01:03:31
◼
►
to make money from iOS users yeah and they they special case i mean that's
[TS]
01:03:37
◼
►
kinda programmers is they said ok you know you still think we're not making a
[TS]
01:03:43
◼
►
delivery format for your not like a Kindle where you make a movie or or
[TS]
01:03:48
◼
►
we're not like I books where you make you know and ePub file right now we're
[TS]
01:03:53
◼
►
more sophisticated like we want you to take advantage of this platform and that
[TS]
01:03:56
◼
►
was you know I think publishers like ok you know you're giving us a showcase and
[TS]
01:04:00
◼
►
we have to investments anyway we don't want to just publishing pubs and give us
[TS]
01:04:04
◼
►
control we want to do new things so it seemed like a reasonable deal and they
[TS]
01:04:08
◼
►
were like ok
[TS]
01:04:09
◼
►
initial deal was an evil you linked to Mr Coaker pins that say a few months ago
[TS]
01:04:15
◼
►
little October in Iowa 7 the final straw for newsstand and he runs it does I'm
[TS]
01:04:20
◼
►
repeat everything cuz you should read this great article everyone should I
[TS]
01:04:23
◼
►
took it to heart but there were like seven he's at least seven unique
[TS]
01:04:27
◼
►
behaviors that publishers were given in the newsstand initially and one of them
[TS]
01:04:32
◼
►
was you can change the cover of the issue you can update your screen
[TS]
01:04:35
◼
►
captures and iTunes every issue not just with new dot releases a nap you the
[TS]
01:04:39
◼
►
special place you know you can do either of you could download in the background
[TS]
01:04:42
◼
►
there all these things that you could do that were publication oriented lake so
[TS]
01:04:47
◼
►
that people using iPad or iPhone with look at the newsstand listing was always
[TS]
01:04:52
◼
►
front center where you can move the fake folder somewhere but you couldn't hide
[TS]
01:04:56
◼
►
inside another folder it showed little tiny tiny tiny icons which in retina or
[TS]
01:05:00
◼
►
not too bad
[TS]
01:05:02
◼
►
of the publication in the coverage would change so you know and had issue had
[TS]
01:05:05
◼
►
background downloads
[TS]
01:05:08
◼
►
as you could you know if your publication was relatively big nothing's
[TS]
01:05:12
◼
►
worse like let's say you know whatever the reason doesn't say whether it's a
[TS]
01:05:16
◼
►
good idea but if you're if he'd issue is a hundred megabytes which is not that
[TS]
01:05:20
◼
►
uncommon but some publications and if it's really truly photographic heavy
[TS]
01:05:26
◼
►
maybe it has to be but either way nothing is worse than seeing how to read
[TS]
01:05:30
◼
►
the new copy of National Geographic and you tap the thing and download and if
[TS]
01:05:36
◼
►
you're out and about out of the house not on wifi you know you may not even be
[TS]
01:05:40
◼
►
able to get it or if you do you might risk going over you know your data limit
[TS]
01:05:44
◼
►
so how was I think mike's the sort of thing so it if you could download in the
[TS]
01:05:50
◼
►
background was a huge win and the only way you could do it was to be a
[TS]
01:05:53
◼
►
newsstand for a while or to Lila seven that's what I mean I you know based on
[TS]
01:05:58
◼
►
the way that Apple is talking to book publishers ahead of time it's clear they
[TS]
01:06:00
◼
►
talked till tons of periodical publishers got them started made sure
[TS]
01:06:04
◼
►
that people their magazines were on board and you know they told him a 30%
[TS]
01:06:07
◼
►
cut thing I'm sure but but there were plenty of stuff available for the iPad
[TS]
01:06:11
◼
►
pretty quickly from major magazines and newspapers and I'm sure they listen
[TS]
01:06:17
◼
►
Apple does listens and people think Apple does not listen to its customers
[TS]
01:06:21
◼
►
or partners it listens it's a sort of like you know you pray to God is no me
[TS]
01:06:25
◼
►
say yes right is always listening that's the very doubtful but the newsstand was
[TS]
01:06:31
◼
►
looked to me like it was a a bunch of things where they had actually listen
[TS]
01:06:36
◼
►
consulted and come up with something that was intended to benefit both sides
[TS]
01:06:40
◼
►
and my take is that it clearly has not worked out for Apple and publishers have
[TS]
01:06:46
◼
►
clearly not walked away from it but walked back from in a way that Apple is
[TS]
01:06:52
◼
►
not getting the kind of return it wants from it because Apple has not I would
[TS]
01:06:56
◼
►
say improved the newsstand it's made its utility as a specific destination worse
[TS]
01:07:02
◼
►
and I was seven it's particularly bad it sort of ignored it's kind of like let's
[TS]
01:07:06
◼
►
just forget about it and it's widely complained about a seat on Twitter I see
[TS]
01:07:10
◼
►
it in my email from during fireball readers widely complained about
[TS]
01:07:15
◼
►
is something that you can't hide you know that there's an awful lot of people
[TS]
01:07:19
◼
►
who don't have anything in there newsstand and just you know I don't say
[TS]
01:07:27
◼
►
obsessive-compulsive but just you know fussy enough you know it does nothing
[TS]
01:07:32
◼
►
wrong with that being fussy and wanting to have your homescreens arranged just
[TS]
01:07:37
◼
►
so right that's sort of the mindset that attracts people to iOS in the first
[TS]
01:07:41
◼
►
place that you care about details so yeah I've got at the end you know my
[TS]
01:07:45
◼
►
first two homes granger are organized just the way I want them and then pretty
[TS]
01:07:49
◼
►
much screens to through whatever or 334 whatever are just a junk drawer of apps
[TS]
01:07:54
◼
►
that I searched for it I need them but I can totally understand the mindset of
[TS]
01:07:59
◼
►
someone who just want one or two screens of just the things they use and want
[TS]
01:08:03
◼
►
some organized just so and it just bothers these people that you can't get
[TS]
01:08:07
◼
►
rid of their right to die I see even more people talking about why I wish I
[TS]
01:08:11
◼
►
could get rid of newsstand completely then talking about anything that
[TS]
01:08:15
◼
►
actually in which is a problem in nice the change of Iowa seven so part of it
[TS]
01:08:20
◼
►
is you can hide the newsstand icon now you can throw it away you can't believe
[TS]
01:08:23
◼
►
a lot of them but they were seven is the newsstand was deemphasized importance
[TS]
01:08:28
◼
►
you can put inside the folder you no longer see the tiny tiny icons which had
[TS]
01:08:33
◼
►
more of a cue for people then I realized based on what I hear from readers they
[TS]
01:08:36
◼
►
forget because they don't see the tiny icon changes the brain is an amazing
[TS]
01:08:40
◼
►
thing if you subscribe to publications and I was 6 your every time you fired up
[TS]
01:08:46
◼
►
its on your home screen of your second screen but you know you you look and you
[TS]
01:08:49
◼
►
go oh that's different your brain knows that even the other can't even make out
[TS]
01:08:52
◼
►
the detail at you know 200 pixels tall you know it's different and you top or
[TS]
01:08:58
◼
►
there's a blue dot or whatever there's some indication I was seven that's gone
[TS]
01:09:02
◼
►
so people interested are telling me they don't even notice the issues changed I
[TS]
01:09:06
◼
►
was seven Notifications as to other publications but I'm only every other
[TS]
01:09:10
◼
►
week people who save it and then you can hide entirely which is everyone's which
[TS]
01:09:14
◼
►
is fine
[TS]
01:09:15
◼
►
some people want to do that Apple wanted them to do that but it also is that
[TS]
01:09:18
◼
►
thing of lake
[TS]
01:09:19
◼
►
be emphasizing its importance to Apple the fact you can hide it is a user
[TS]
01:09:23
◼
►
requests it's great they're doing it because people don't want to use it
[TS]
01:09:26
◼
►
completed now but it also shows that it's not important enough to Apple to
[TS]
01:09:29
◼
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irritate people by making it stay on the home screen so it's sort of like the
[TS]
01:09:33
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congress I get it it's it's a problematic design on both ends because
[TS]
01:09:38
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if you don't use it you know you have to do something to get rid of it and now
[TS]
01:09:41
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they've added feature you can but then if you do like if say the magazine is
[TS]
01:09:46
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one of your favorite apps or if you read the New York Times app which is a news
[TS]
01:09:51
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stand up every day if that's how you start your day every day three New York
[TS]
01:09:55
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Time's Up you can't you know you can't put that app icon on your home screen or
[TS]
01:10:01
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in your dog has to be permanently it's enforced that it's one level deep in and
[TS]
01:10:08
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it's even worse in my opinion on iOS because it's such a hot you know
[TS]
01:10:15
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conceptually the design is so flat it's like it's really and it's one of the
[TS]
01:10:20
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strengths i think is one of the reasons I S has proven to be so popular with the
[TS]
01:10:24
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general public is that there is no hierarchy by the fall right or I guess
[TS]
01:10:30
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there is a guess they do actually put a folder in there I think they changed at
[TS]
01:10:34
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some point there is at least one folder I get a brand new factory fresh OS
[TS]
01:10:40
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install but it's certainly deemphasized an end you know i think thats the
[TS]
01:10:45
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strength of violence because I think hierarchy is a huge problem even one
[TS]
01:10:50
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level of hierarchy is a huge problem for most people because if they don't see it
[TS]
01:10:54
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it's not there
[TS]
01:10:55
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yeah it's it's way out of sight out of mind is true in people's attention is
[TS]
01:10:58
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very scarce they have a lot of things they can do in once you start routinely
[TS]
01:11:02
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forgetting about something and not being reminded about it then it's an issue now
[TS]
01:11:06
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you know I understand so I should I should point out like this I don't wanna
[TS]
01:11:10
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Celica bitching and moaning about 80 people are describing my publication cry
[TS]
01:11:13
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for me it's more like I know we're doing good work I know I i rate for economist
[TS]
01:11:18
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away from the publications of people contributing are doing good right for
[TS]
01:11:22
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other publications that people think of us having a high degree of quality I
[TS]
01:11:25
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know what we're doing is good work and it's always frustrating when you doing
[TS]
01:11:29
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good work in you feel like you can't get an audience that is a marketing issue
[TS]
01:11:32
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that is separate and that's my own problem right but when I feel like the
[TS]
01:11:38
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people who so there's a difference for people who I can't find it don't care
[TS]
01:11:42
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about the magazine or unsubscribe because they've lost interest in the
[TS]
01:11:45
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content that is one category rape the category that I'm having a problem with
[TS]
01:11:49
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is the people actually like the magazine tell me they like it and they are
[TS]
01:11:53
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emailing me to say you know because I forget it exists because it was so bad
[TS]
01:11:59
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lets just fell out our bottom line if you could flip a switch and turn the
[TS]
01:12:04
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magazine from a news stand up to a non used and abused flip that switch totally
[TS]
01:12:09
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totally you can thats the thing and I don't know this you can't and i met
[TS]
01:12:14
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that's under say you forever and ever you won't be able to but as it stands
[TS]
01:12:17
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today you can't there is no thing you can go to in iTunes Connect and say take
[TS]
01:12:23
◼
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that you know my apt the magazine which is now a news stand up and make it a
[TS]
01:12:28
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regular at even know all the things that you get from newsstands you could do you
[TS]
01:12:35
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know like background downloads and stuff like this there's a little bit of
[TS]
01:12:38
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recoding us as a couple things that are used the new standards I recollect that
[TS]
01:12:42
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you have to include the background download it a different method I can use
[TS]
01:12:46
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►
now to Marco I was just blogging about this we Marco said the same thing here
[TS]
01:12:49
◼
►
in a blog post a market order it today I wouldn't put in the new standard he's
[TS]
01:12:54
◼
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and he's right I don't fault him for cause it made perfect sense at the time
[TS]
01:12:57
◼
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of course and it got a lot of attention being on the newsstand but Mark opinion
[TS]
01:13:02
◼
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he wrote in his entreaties like they are a platform his firm and they are not
[TS]
01:13:08
◼
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recommending using the newsstand and I believe that I could actually
[TS]
01:13:11
◼
►
reformulate the app resubmitted but I would lose 100 percent of the
[TS]
01:13:17
◼
►
subscribers I does not like a chance for the subscribers so I mean the ideal case
[TS]
01:13:21
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►
for me is that they would let users choose not enforce the Sun users they
[TS]
01:13:26
◼
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would let users choose to break open
[TS]
01:13:30
◼
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the newsstand and say either don't use a newsstand put all the apps on my home
[TS]
01:13:36
◼
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screen or let me drag stuff out of the newsstand and but still gives me the
[TS]
01:13:40
◼
►
ability to change covers like that's the ideal thing is give me the Apple wanted
[TS]
01:13:45
◼
►
to give publishers and users that sense of timeliness this is something new
[TS]
01:13:50
◼
►
the cover changes that was part of the design and it's part of the one thing I
[TS]
01:13:54
◼
►
really appealing part of the design even though you're outside of me in the loop
[TS]
01:13:58
◼
►
in a few other people a lot of colleges to stake their new status description
[TS]
01:14:01
◼
►
again because of this digital replica issue and they slap it on there with
[TS]
01:14:05
◼
►
tape that's a new negative one point size so that's a very appealing thing
[TS]
01:14:10
◼
►
being able to show a new car but think about this I think even the name
[TS]
01:14:16
◼
►
newsstand itself shows that the metaphors a bit broken right so is where
[TS]
01:14:21
◼
►
you go to pick right but no but think about what is the newsstand the
[TS]
01:14:24
◼
►
newsstand is r you go and choose from whole bunch of things most of the stuff
[TS]
01:14:30
◼
►
on in standard stuff that you've never read you know like when you go to a
[TS]
01:14:33
◼
►
real-life newsstand
[TS]
01:14:34
◼
►
how many how many of the magazines are ones that you've never even looked at a
[TS]
01:14:38
◼
►
copy of most of them right and there's everything from celebrity gossip to
[TS]
01:14:43
◼
►
sports to you know world affairs you you you know a newsstand is something like
[TS]
01:14:51
◼
►
this store right the newsstand metaphor is should be there something in iTunes
[TS]
01:14:58
◼
►
where you go to take a magazine to read not a place where you were magazines the
[TS]
01:15:04
◼
►
ones that you've chosen to subscribe to show up in the real world when you
[TS]
01:15:09
◼
►
subscribe to two magazines and a daily newspaper you don't go to the new
[TS]
01:15:14
◼
►
standard get them they come to your house right there right there
[TS]
01:15:18
◼
►
the magazine is stuffed right through the mail slot near door should be called
[TS]
01:15:22
◼
►
the latest or or news or my subscriptions or something like that
[TS]
01:15:27
◼
►
you're right the terminology is exactly the right I will say the fabulous
[TS]
01:15:30
◼
►
fascinating about the newsstand when you go to the iTunes to see what their
[TS]
01:15:33
◼
►
listing there is apparently there's a lot of market for scantily clad tattooed
[TS]
01:15:39
◼
►
women in tattoo magazines I had no idea the num
[TS]
01:15:43
◼
►
mer the sheer quantity of different titles in that market that show up among
[TS]
01:15:47
◼
►
the top grossing newsstand house is fasting I guess it's like buying romance
[TS]
01:15:52
◼
►
novels about mags because now they're hidden away that's the other advantage
[TS]
01:15:56
◼
►
of this week they don't show up on your screen so if you try to buy magazines
[TS]
01:15:59
◼
►
you're embarrassed about now they show up on the newsstand that the country is
[TS]
01:16:02
◼
►
hidden so that's that's the little brown cover for but you know I just think that
[TS]
01:16:07
◼
►
in some ways the metaphor you really just think about it like you know when
[TS]
01:16:12
◼
►
you subscribe to a magazine a real you know paper magazine they do the most
[TS]
01:16:17
◼
►
convenient thing that they can possibly thinking to do which is we will just
[TS]
01:16:21
◼
►
mail it to you will just put it in the mail and it will show up
[TS]
01:16:26
◼
►
us' postal carrier will literally put it through a slot in the door of your house
[TS]
01:16:31
◼
►
and it'll just be there for you and newspapers do something just ever so
[TS]
01:16:36
◼
►
slightly less can you tell newspaper here take my money and give me a copy of
[TS]
01:16:41
◼
►
your paper newspaper everyday they say okay we'll take it from here and every
[TS]
01:16:46
◼
►
day right outside your front door in the morning there will be there will be just
[TS]
01:16:51
◼
►
walk right out your front door and there's your newspaper it's on your
[TS]
01:16:54
◼
►
front porch which are your homescreen rate is 80 right there is making it the
[TS]
01:16:58
◼
►
most convenient thing possible because and and it's it's they're not bothering
[TS]
01:17:03
◼
►
these these are people you know this is what you've asked for this is only after
[TS]
01:17:06
◼
►
you've given the money and said do this drop this off every day obviously he
[TS]
01:17:10
◼
►
didn't want the newspaper and you feel like I live in an urban area there's
[TS]
01:17:14
◼
►
local newspapers that you know the stuff you're at your front door with
[TS]
01:17:19
◼
►
newspapers you didn't ask for but that's a different case i'm saying with these
[TS]
01:17:23
◼
►
subscriptions through the iTunes Store they should make it as convenient as
[TS]
01:17:26
◼
►
possible which to me is exactly what you said let you put it right on your home
[TS]
01:17:31
◼
►
screen or even on your dock icons AUC no matter which homes greener
[TS]
01:17:37
◼
►
really think that that just wasn't thought through and that the name itself
[TS]
01:17:40
◼
►
used and really shows just help poorer poorly thought through them
[TS]
01:17:45
◼
►
metaphors it's it's made sense at the time that every time I was browsing
[TS]
01:17:52
◼
►
thing we started it wasn't
[TS]
01:17:54
◼
►
it wasn't here's the stuff you want to read it was like here's your portal to
[TS]
01:17:59
◼
►
the App Store listing of publications and then stuff will show up here and now
[TS]
01:18:04
◼
►
it's you know now it's something else this this ties back to my contention
[TS]
01:18:08
◼
►
based on the looking at where I know where I am cuz I know my numbers and I
[TS]
01:18:12
◼
►
can look at the top grossing listen on iTunes for iPhone and iPad I can see
[TS]
01:18:18
◼
►
what I said I can look at those numbers from the audited digital replica
[TS]
01:18:22
◼
►
versions are people only subscribing to the digital version I can say is we
[TS]
01:18:27
◼
►
talked about earlier that people are subscribing through a website or print
[TS]
01:18:30
◼
►
subscribers can get web stuff for free typically and that's not counting the
[TS]
01:18:34
◼
►
digital-only subscriptions audit returns but I can see people probably describing
[TS]
01:18:39
◼
►
the website The Economist is probably not selling at most of its subscriptions
[TS]
01:18:42
◼
►
through new standards I mostly through economist dot com people have multimodal
[TS]
01:18:46
◼
►
access an Android whatever so I guess what this says the Apple didn't provide
[TS]
01:18:52
◼
►
maybe a compelling enough as they lost interest in it off or more because it's
[TS]
01:19:00
◼
►
it's babies and you may find it abhorrent and wonderful it works out
[TS]
01:19:04
◼
►
really well if it's something you don't care about and they focus our attention
[TS]
01:19:07
◼
►
more and stuff that works it's it can be retained its something that you like and
[TS]
01:19:12
◼
►
you're like oh why haven't you made iPhoto actually good after this many
[TS]
01:19:17
◼
►
years like why have you lost interest in that Apple will make money off it was an
[TS]
01:19:21
◼
►
important to the quarter actually more newsstand
[TS]
01:19:24
◼
►
I was seven show to me that it's there for the moment
[TS]
01:19:28
◼
►
pushing off to the side and not getting rid of it because most publishers are
[TS]
01:19:32
◼
►
doing is they're making free apps and the money for that is coming from
[TS]
01:19:35
◼
►
outside Apple systems gets no benefit except in the desirability of their
[TS]
01:19:41
◼
►
platform for people downloading and using the new york times or New York New
[TS]
01:19:46
◼
►
Yorker or people or whatever there is those ups do not generate any return I
[TS]
01:19:51
◼
►
mean this is no return of those just not generate a substantial return for Apple
[TS]
01:19:55
◼
►
probably in the way they conceived of in I not enough to to garner their
[TS]
01:19:59
◼
►
attention it is an adjunct the absurd adjunct to the entire magazine presents
[TS]
01:20:03
◼
►
for a magazine as opposed to
[TS]
01:20:06
◼
►
the new standing the central point through which people then maybe go out
[TS]
01:20:09
◼
►
and read on the web too but they come in through that way and that's in that's
[TS]
01:20:13
◼
►
life so I'm not you know I like like I'm not whining that Apple's lost focus on
[TS]
01:20:18
◼
►
the Sun were like well damn this I thought it kind of worked okay and and
[TS]
01:20:23
◼
►
it's not so this is part of why I'm going into all these different
[TS]
01:20:25
◼
►
directions to a lot of different things going on but it's also true that you're
[TS]
01:20:29
◼
►
not asking a lot of Apple right now it now so that that vague idea that I
[TS]
01:20:34
◼
►
talked about back in 2010 when when a lot of people in newspapers and
[TS]
01:20:39
◼
►
magazines kind of had this vague notion that Apple's going to unveil some sort
[TS]
01:20:43
◼
►
of boil the ocean save the publishing industry thing was sort of thinking you
[TS]
01:20:48
◼
►
know Apple's gonna do a lot of work and come up with something you know
[TS]
01:20:52
◼
►
ingenious that's going to infuse
[TS]
01:20:55
◼
►
infuse money into this industry that's hoping that Apple does a lot what year
[TS]
01:21:00
◼
►
to what we're talking about here is just a relatively minor amount of attention
[TS]
01:21:05
◼
►
to what's going on in used and whether it would be putting the work in to allow
[TS]
01:21:11
◼
►
and newsstand app to go on on newsstands keep its subscribers or something like a
[TS]
01:21:20
◼
►
setting in iOS that would allow a user to say you know use newsstand for
[TS]
01:21:28
◼
►
newsday and apps and then you taught you know on off and if you turn it off then
[TS]
01:21:32
◼
►
it would say you know a little extra planet or text news standouts will
[TS]
01:21:35
◼
►
appear at the root level of your exactly in this is you know I hear from I hear
[TS]
01:21:40
◼
►
from readers again I don't mean to sound this is like
[TS]
01:21:43
◼
►
not extolling what I do feel it's funny cuz I always feel like the magazine
[TS]
01:21:47
◼
►
something I'm here is like worker was my ritual dunkel and you know this is a
[TS]
01:21:51
◼
►
case a cash deal no this is a buyout and so forth but I didn't make the apple of
[TS]
01:21:55
◼
►
the app and so he talked about it with great affection talking about Marcos
[TS]
01:21:59
◼
►
work and I sort of forgot I own it sometimes I don't think of myself as a
[TS]
01:22:03
◼
►
developer but I do hear from you hear from readers regularly say you know I
[TS]
01:22:07
◼
►
don't really buy into the newsstand the only periodical app that I have really I
[TS]
01:22:12
◼
►
don't want the newsstand icon has dragged out my love you crack so it's
[TS]
01:22:16
◼
►
like it but I also hear that I'll see people talking on Twitter about god
[TS]
01:22:20
◼
►
dammit I only use the new york times are only used whatever why can't I just have
[TS]
01:22:25
◼
►
that the option is now either hide your entire newsstand folder in a subfolder
[TS]
01:22:30
◼
►
which is then you have to nest into to bring up a double tap to double pressed
[TS]
01:22:35
◼
►
to find out if you used it recently or in I figured out this workaround that's
[TS]
01:22:39
◼
►
just stupid work around I have a redirect see go to a web page of my site
[TS]
01:22:43
◼
►
of putting the fact even you bookmarked this web page it's got an icon that you
[TS]
01:22:48
◼
►
can make a web app on your home screen so you bookmark on your home screen and
[TS]
01:22:53
◼
►
then you tap it loads the web page does the redirect to the app launches yup
[TS]
01:22:57
◼
►
it's stupid but it works it gives you a tight hug your screen that when you tap
[TS]
01:23:00
◼
►
it launches the app and a number to call thanks for doing that but you know it's
[TS]
01:23:04
◼
►
like 75 people did that or something but I wanted to let people do it but it's
[TS]
01:23:08
◼
►
that it's some level it's that easy and relays and apples infrastructure
[TS]
01:23:12
◼
►
allowing us to present a new standouts to come out and like a regular apt and
[TS]
01:23:19
◼
►
even if they disabled the cover change future maybe that's not an option like
[TS]
01:23:22
◼
►
they would definitely make make the apps
[TS]
01:23:27
◼
►
if they did that they would you whether you get the change in every issue or not
[TS]
01:23:31
◼
►
I don't know but you have to conform to that shape that round square shape yes
[TS]
01:23:36
◼
►
something will be done exactly something will be different cuz they wouldn't you
[TS]
01:23:38
◼
►
know Johnny Ives like allow that on the screen like a bunch of different shapes
[TS]
01:23:42
◼
►
and not after all the changes they made so so I i completely appreciate
[TS]
01:23:47
◼
►
understand that and it's it's not like Apple's tryna do anything to anybody me
[TS]
01:23:52
◼
►
or the new york times it's more like Dayton crack this and they're so good it
[TS]
01:23:57
◼
►
cracking a lot of nuts in this one they didn't crack and so there they've kind
[TS]
01:24:01
◼
►
of put it aside and maybe they'll come back to it later another cycle another
[TS]
01:24:05
◼
►
thing that's occurred to me in this again is not asking a lot of Apple would
[TS]
01:24:09
◼
►
be perhaps the best idea would be just abandon the newsstand
[TS]
01:24:13
◼
►
you know do in iowa 7.2 or you know I don't know you know we're already in the
[TS]
01:24:19
◼
►
works already in December so maybe it's an Iowa State but just say you know just
[TS]
01:24:25
◼
►
get rid of it and that's in a polite thing to do don't even announce it it
[TS]
01:24:28
◼
►
certainly know when they get rid of things you know they don't talk about it
[TS]
01:24:31
◼
►
because it's sort of tacit Lee acknowledging a mistake just get rid of
[TS]
01:24:34
◼
►
it and when you upgrade to iOS seven point to your new standards are just on
[TS]
01:24:40
◼
►
your home screen will tell you the other thing that's interesting
[TS]
01:24:43
◼
►
existing user or if you are an existing user newsstand just becomes a normal
[TS]
01:24:48
◼
►
folder if you've got an existing installation and then you can open it up
[TS]
01:24:51
◼
►
and drag them out and dragged back in so that it's still organized the way it was
[TS]
01:24:56
◼
►
before you upgraded so there's no disorientation of where what happened my
[TS]
01:25:00
◼
►
icon but just turn it just turned newsstand into a normal folder yeah I
[TS]
01:25:04
◼
►
mean you soon as the other thing which drives people nuts which is you can't
[TS]
01:25:07
◼
►
top its you get it to sue me out like you can with any folder so you when
[TS]
01:25:13
◼
►
you're in newsstand even if you get there by securities route like you
[TS]
01:25:17
◼
►
execute a player in a noose and how you can tap on the background and exit the
[TS]
01:25:22
◼
►
folder and go back up a level which Dr seen so many people
[TS]
01:25:25
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read about how many breaks the metaphor but okay so here's the thing that new
[TS]
01:25:30
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state has taught me that I should say spring a subscription publication has
[TS]
01:25:33
◼
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taught me that separate from newsstand but sort of tightness is it's very
[TS]
01:25:37
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interesting after having spent the last 10 years on sort of riding with blogs
[TS]
01:25:44
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are daily sites are safe said update all the time
[TS]
01:25:48
◼
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having a cycle like this in dealing with subscribers who get fatigued like I know
[TS]
01:25:54
◼
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people get tired of reading a given site but its fasting to get email from and
[TS]
01:25:58
◼
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talk to people say the kind of ran out of steam and even when they say I really
[TS]
01:26:02
◼
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like what you're publishing I just don't have the time to keep up with it and
[TS]
01:26:06
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like we're doing 5 articles that are 1,500 to 2,500 words every two weeks and
[TS]
01:26:11
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I really like it I'm a bad example because I have a little time to read
[TS]
01:26:15
◼
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another working with writers but there's definitely reader fatigue you get and
[TS]
01:26:22
◼
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that's kind of where the one-two punches that cool 3d emphasizing newsstand makes
[TS]
01:26:28
◼
►
it a little bit harder to keep existing subscribers makes it a little bit harder
[TS]
01:26:32
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to get new ones to deal with the church is always going to turn and so it it
[TS]
01:26:37
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makes the equation a little bit more difficult for me especially as
[TS]
01:26:40
◼
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independent publisher because i dont have a website that people are used to
[TS]
01:26:44
◼
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going to even though you can go to the dash magazine dorgan you can you get a
[TS]
01:26:48
◼
►
subscription there you can read all the articles there it's a full website has
[TS]
01:26:51
◼
►
been for nine months people mostly don't realize that which is fascinating to me
[TS]
01:26:55
◼
►
but we don't have like half a website that people used to going to and this is
[TS]
01:26:59
◼
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the Iowa adjunct or alternative where for every other publication just about
[TS]
01:27:04
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they have a website which is where the traffic and this is an upgrade from the
[TS]
01:27:09
◼
►
mobile version of their site is a better thing so that's that's been interesting
[TS]
01:27:13
◼
►
thing to wrestle with you and that's why launched a Kickstarter is we're doing a
[TS]
01:27:17
◼
►
book because I need different modality I can't have everything be resting on
[TS]
01:27:20
◼
►
subscriptions because subscriptions
[TS]
01:27:22
◼
►
especially you know ninety-five percent of it being an apple cider have probably
[TS]
01:27:26
◼
►
five percent subscribers coming from the web so need to reject her things so that
[TS]
01:27:31
◼
►
all the revenue is in one pot to make the engine go I was working towards the
[TS]
01:27:36
◼
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Kickstarter I wasn't gonna let it slip always wanted that you had a Kickstarter
[TS]
01:27:43
◼
►
before you had a Kickstarter that that didn't get off the ground
[TS]
01:27:48
◼
►
ontological Kickstarter it was it was a Kickstarter campaign to read a book
[TS]
01:27:53
◼
►
about how to run a Kickstarter campaign right and the special irony is it didn't
[TS]
01:27:58
◼
►
find but you know what happens I kind of did everything wrong I started study
[TS]
01:28:01
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►
Kickstarter not have been writing about it for a couple of years he's a good
[TS]
01:28:05
◼
►
thing it's a good thing then because in your book would have been wrong thing to
[TS]
01:28:09
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do I don't know what it would have said the book but but everything good that
[TS]
01:28:13
◼
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I'm doing my life came out of his failure which is that's my lemonade
[TS]
01:28:16
◼
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stand is high
[TS]
01:28:18
◼
►
lemons avail things like 10 days into the Kickstarter I'm like oh I did this
[TS]
01:28:21
◼
►
all wrong people gave me advice should have asked more ahead of time it funded
[TS]
01:28:25
◼
►
about 10% of like it's not gonna find so I just canceled instead of having the
[TS]
01:28:29
◼
►
ignominy of hitting the end not reaching that goal and launched the new
[TS]
01:28:33
◼
►
structures and went to the xoxo Festival September 2012 lunch the podcast in
[TS]
01:28:39
◼
►
December last year joined Marco at the magazine in October of last year and
[TS]
01:28:44
◼
►
feel like I now and learn all the secrets but now I really have a better
[TS]
01:28:49
◼
►
sense of what what makes sense to crowdfunding think you know I think this
[TS]
01:28:55
◼
►
will be successful
[TS]
01:28:56
◼
►
almost half way there here's the deal it's called the magazine the book
[TS]
01:29:00
◼
►
reports obvious title how to not be so an imprint is easier one so it's pretty
[TS]
01:29:07
◼
►
much it's the best of the first year of the magazine and you want to do it both
[TS]
01:29:12
◼
►
as a print and e-book collection yeah that was the thing is I thought it
[TS]
01:29:17
◼
►
didn't you know it could do an ebook very easily right that doesn't take a
[TS]
01:29:20
◼
►
lot of time and effort and
[TS]
01:29:22
◼
►
wouldn't actually pretty well design but you would get the full benefit because I
[TS]
01:29:26
◼
►
be thinkin mostly about people reading in EPUB or mobi on a Kindle so so it'd
[TS]
01:29:31
◼
►
be relatively simple fight so I thought you know we should stick in the sand
[TS]
01:29:34
◼
►
like electronic periodical 10 we do a hardcover book that's designed like a
[TS]
01:29:40
◼
►
magazine so we have we have the magazine style of design that we don't even do in
[TS]
01:29:45
◼
►
the apt because the abdomen for simple reading we take advantage of the print
[TS]
01:29:48
◼
►
medium and then we'll producer PDF and ePub mobi version of it as well
[TS]
01:29:53
◼
►
all without DRM that damn DRAM read it wherever you want to put it on every
[TS]
01:29:58
◼
►
device you own every computer
[TS]
01:29:58
◼
►
device you own every computer
[TS]
01:30:00
◼
►
but but i wanna do a hardcover books they be something special and there be a
[TS]
01:30:05
◼
►
reason people be motivated to be part of the kicks are we there was a reason for
[TS]
01:30:09
◼
►
it wasn't like a I can't afford to make any book it's like printing costs a lot
[TS]
01:30:13
◼
►
of money so I need to pull together people to to make it happen when did you
[TS]
01:30:18
◼
►
announce this I was recently just be years before Thanksgiving the time is a
[TS]
01:30:22
◼
►
law office hoping to do early to be to be done before Thanksgiving and then
[TS]
01:30:26
◼
►
everything always takes longer but I want to know that you know this really
[TS]
01:30:29
◼
►
want to get this year so it launched on
[TS]
01:30:32
◼
►
I don't know if it was it was too is a couple weeks ago it was on November 21st
[TS]
01:30:40
◼
►
I think the same day they put out any issue number thirty of the magazines
[TS]
01:30:44
◼
►
were past year in the magazine $48,000 Google yeah now as we record it is it
[TS]
01:30:50
◼
►
twenty 2555 so just a hair under fifty percent but it was a lot I was a big
[TS]
01:30:56
◼
►
push it first and I thought just watching it like the first 24 hours I
[TS]
01:31:00
◼
►
thought it was going gangbusters I still think you're going to make it I thought
[TS]
01:31:03
◼
►
I think I am the odds are good the thing that's interesting and its Kickstarter
[TS]
01:31:07
◼
►
there's like three typical Kickstarter profiles I crafts one is the home I got
[TS]
01:31:13
◼
►
it goes like resume like a straight line up until the end and that's like
[TS]
01:31:17
◼
►
somebody asked for $100,000 to make a like the the watched turn your III your
[TS]
01:31:23
◼
►
iPod square nano into a watch and ask for a hundred grand and within three
[TS]
01:31:27
◼
►
days they have two million and those era in those building themselves because
[TS]
01:31:31
◼
►
there's something appealing it's usually consumer products something super
[TS]
01:31:34
◼
►
appealing about it or it's like a Veronica Mars where there's an enormity
[TS]
01:31:38
◼
►
of an audience of tens of millions of people in a tiny fraction of that
[TS]
01:31:42
◼
►
audience is constantly discovering it in spring and coming on seeing this kind of
[TS]
01:31:45
◼
►
straight line up permit curves up in the tapers off to like a straight line
[TS]
01:31:50
◼
►
that's one kind one is this one is like the does kind of badly badly badly and
[TS]
01:31:55
◼
►
then suddenly they pull it off it goes boom to the top near the end they get a
[TS]
01:31:58
◼
►
whole bunch of people minus the apparently since I've seen it before
[TS]
01:32:04
◼
►
is actually much more typical is really huge first day or two then you have a
[TS]
01:32:08
◼
►
nice gentle climb as you go along your cross 50% and then a nice huge spike at
[TS]
01:32:14
◼
►
the end of the last couple days and that's what it in so the third one is
[TS]
01:32:19
◼
►
that this is why daddy drinks curve I know that silly like so in my case 48
[TS]
01:32:25
◼
►
grand we raised $16,000 in 24 hours boom and a twenty-four hours is immediately
[TS]
01:32:30
◼
►
tapered off people Salako it's gonna happen
[TS]
01:32:33
◼
►
hit 33 percent they're fine I mean literally at that moment 24 hours it
[TS]
01:32:37
◼
►
went to that slower taper and then so you know in
[TS]
01:32:40
◼
►
the first day was 16 Grand the next 10 days next 14 it has been a thirteen days
[TS]
01:32:45
◼
►
has been about six or seven thousand dollars which is much slower I'm so many
[TS]
01:32:51
◼
►
people like me to come and just remind me before it's over my guy you had a
[TS]
01:32:55
◼
►
you treated the other day that was something like the percentage of once
[TS]
01:32:59
◼
►
you hit 50 percent your eyes are pretty goes like 90% people people done this
[TS]
01:33:04
◼
►
week crunching on this easter chick look at like four different projects of
[TS]
01:33:08
◼
►
different values of 40 to $50,000 one range or you know whatever seek a look
[TS]
01:33:13
◼
►
at the things ok where am i and once you hit the sweet spot is once you've got
[TS]
01:33:20
◼
►
half of your goals for me that's 24,000 at $40,000 $50,000 less project
[TS]
01:33:27
◼
►
statistically once you reach the goal you are 97% likely or 97% of projects
[TS]
01:33:33
◼
►
that reach half the goal go on to at least 100 percent if not more so it's a
[TS]
01:33:38
◼
►
great stuff
[TS]
01:33:39
◼
►
the thing about Kickstarter this fasting is it's it's forty percent of its 56
[TS]
01:33:45
◼
►
percent failure 56% of projects do not fund but of those 56% about a third get
[TS]
01:33:53
◼
►
no pleasure hole somebody posts it they do not tell anyone about it nobody does
[TS]
01:33:58
◼
►
it another third of the failed ones get like less than 20 percent of the funding
[TS]
01:34:02
◼
►
so this is very narrow band where people get between 20 to 50% the funding and
[TS]
01:34:06
◼
►
they can get all the way there but once you hit that magic will play it shows
[TS]
01:34:11
◼
►
enough momentum that it's just a question of time and that curve most
[TS]
01:34:16
◼
►
Kickstarter projects the average project when you take out the outliers like
[TS]
01:34:19
◼
►
peddler Clifford the ones that superfund elevation doc most funded about a
[TS]
01:34:25
◼
►
hundred and five percent to a hundred and ten percent of the goal
[TS]
01:34:28
◼
►
because people come in a meeting they needed at the end of the cold I need
[TS]
01:34:31
◼
►
already is my pledged $10 to make it happen or whatever so it's it's a it's a
[TS]
01:34:37
◼
►
finely tuned our but I'm feeling happy about the reason I did it was like I
[TS]
01:34:42
◼
►
like the stories we tell ray this is the whole thing like it's this isn't a
[TS]
01:34:45
◼
►
money-making endeavor is to say I was going to come out to the you kinda
[TS]
01:34:49
◼
►
hinted that a few minutes ago reuse that somehow bring it up as a money-making
[TS]
01:34:54
◼
►
house gonna have a good you know that's not that it's a bad idea to do a great
[TS]
01:34:59
◼
►
idea I think looking at it as a money making ideas not a good ol we had no I
[TS]
01:35:04
◼
►
mean the diversification of the magazine from being only a subscription-based
[TS]
01:35:07
◼
►
periodical the being something that produces content lots of different ways
[TS]
01:35:10
◼
►
that's the that's the money making idea that I need revenue I want newsstand now
[TS]
01:35:15
◼
►
is you know ninety five ninety percent of the revenue that comes in is directly
[TS]
01:35:19
◼
►
from Apple with their 30 percent cut and I think that to be 25 to 30% alright can
[TS]
01:35:25
◼
►
I take can I just put on my consulting editor for free I'm not gonna charge it
[TS]
01:35:29
◼
►
right but I am going to tell you how to make more money from you what you do is
[TS]
01:35:37
◼
►
you sell wine sponsorships lot per issue and there's a nice one full page ad from
[TS]
01:35:46
◼
►
that issues that will cost that that that that would cost $50,000
[TS]
01:35:57
◼
►
I mean sure about putting advertising in the magazine yeah I don't have an
[TS]
01:36:03
◼
►
objection so I guess I have a structural objection as opposed to say in Africa
[TS]
01:36:07
◼
►
woman so there's there's a mission thing which is that it's been sold as
[TS]
01:36:10
◼
►
something that has no ads and so is that from day one markers push that out I
[TS]
01:36:17
◼
►
push that is the ideas there's no crushed there's no ads and I don't know
[TS]
01:36:22
◼
►
how I think you can
[TS]
01:36:23
◼
►
actually could but it takes is a threshold overcome the sale ok we said
[TS]
01:36:28
◼
►
that now we're doing this other thing i know im not im not conscientiously
[TS]
01:36:34
◼
►
opposed to advertising if it works especially that kind of model the
[TS]
01:36:38
◼
►
sponsorship model like this is why I like the podcasting model is that yes
[TS]
01:36:42
◼
►
you have ads on a podcast but it's much more in the motive is cooperative thing
[TS]
01:36:46
◼
►
it doesn't feel like advertising the same way that horrible flash banner ads
[TS]
01:36:50
◼
►
really think that at the listening experience
[TS]
01:36:53
◼
►
bears that out where when you listen to arrest Real Radio even on FM it does
[TS]
01:37:00
◼
►
seem to me like there's too many and when you listen to AM radio if you ever
[TS]
01:37:04
◼
►
listened to like just you know just for shits and giggles and listen to the Rush
[TS]
01:37:08
◼
►
Limbaugh's show there are so many ad breaks it is ridiculous
[TS]
01:37:13
◼
►
the only show that I know of that it doesn't have that problem is the Howard
[TS]
01:37:16
◼
►
Stern Show which does far fewer breaks but does really long breaks they put all
[TS]
01:37:22
◼
►
the ads and one stretching our shows people listen to podcast is because they
[TS]
01:37:29
◼
►
don't feel like ads and so I could see doing I loved I love how that works and
[TS]
01:37:33
◼
►
people respond to it so having a sponsor for the magazine where it's like one
[TS]
01:37:37
◼
►
quality things like this is a roadblock and so-and-so is sponsors issue here is
[TS]
01:37:42
◼
►
an advertisement and we're gonna send you one email or god knows what we're
[TS]
01:37:45
◼
►
gonna do that doesn't seem antithetical the problem I have structurally though
[TS]
01:37:49
◼
►
is that subscribers are worth a ton of money as a subscriber is advertising
[TS]
01:37:53
◼
►
typically to reach the audience of the scale that I have there's not enough
[TS]
01:37:58
◼
►
money in the outside to make that worthwhile she I think I think the
[TS]
01:38:03
◼
►
problem is convincing advertisers that it's not like buying an ad that's
[TS]
01:38:09
◼
►
exactly what I did the math of you go to my website or blog
[TS]
01:38:15
◼
►
clamtxt.com I did the math the few weeks ago asking about why don't have ads the
[TS]
01:38:21
◼
►
magazine I said it was the conventional model I would probably need as many as
[TS]
01:38:25
◼
►
20 million page views a month to equal no I'm not saying you know what i mean
[TS]
01:38:31
◼
►
that's really exciting I've got like
[TS]
01:38:34
◼
►
250 articles I'm not gonna get there is no universal which I can do that right
[TS]
01:38:38
◼
►
to get twenty million so so with the with the current rates are paid with the
[TS]
01:38:43
◼
►
yield with some human story and that doesn't include includes commissions to
[TS]
01:38:47
◼
►
help people with us include me having ahead step out sources so I need twenty
[TS]
01:38:51
◼
►
million pageviews let's say roughly to reach what I'm getting from subscribers
[TS]
01:38:55
◼
►
paying that sweetheart but one sponsor who is a supplement to who makes it
[TS]
01:39:01
◼
►
impossible that's the extra revenue necessary to make the thing or whatever
[TS]
01:39:05
◼
►
that's a different equations might be willing to pay a sizable amount of money
[TS]
01:39:09
◼
►
to be exclusive and to reach some people are tasteful a podcast model that's
[TS]
01:39:14
◼
►
what's available here and there but me do my third sponsor and its again
[TS]
01:39:20
◼
►
old friend of the show longtime sponsor an event apart an Event Apart is an
[TS]
01:39:29
◼
►
intensely education two day learning session at great conference for people
[TS]
01:39:34
◼
►
who make websites and instead of being like a once a year thing where you have
[TS]
01:39:40
◼
►
to put on your schedule book travel and stuff like that they effectively come to
[TS]
01:39:44
◼
►
you they've got events next year in 2014 around North America there in San
[TS]
01:39:52
◼
►
Francisco that's this month
[TS]
01:39:53
◼
►
atlantis Seattle Boston San Diego washingtonDC and that I think that's
[TS]
01:40:01
◼
►
just like the first half of the year in almost a monthly about
[TS]
01:40:06
◼
►
go to the website find an event near you and you will not be disappointed
[TS]
01:40:12
◼
►
an Event Apart was founded by Eric Meyer who I think easily you could say knows
[TS]
01:40:19
◼
►
more about CSS and then anybody walking the face of the earth and Jefferies
[TS]
01:40:23
◼
►
ailment longtime friend of the show and and one of the great proponents of web
[TS]
01:40:29
◼
►
standards and the whole thing is dedicated to the proposition that the
[TS]
01:40:34
◼
►
creators of great Web experiences deserve a great learning experience
[TS]
01:40:37
◼
►
these guys have one of the best speaker lineups of any conference I've ever seen
[TS]
01:40:42
◼
►
if you build websites and you've not been to an Event Apart you're really
[TS]
01:40:47
◼
►
missing out and if you have been to an Event Apart you don't even have to
[TS]
01:40:50
◼
►
listen to me because you know how good it wasn't sure you want to go back I've
[TS]
01:40:53
◼
►
said it before too they even have great swag even just the stuff they give you
[TS]
01:40:57
◼
►
that bad name badges last time I got cut our customers in the field notes just a
[TS]
01:41:05
◼
►
great continent where do you go to find out more go to an Event Apart dot com
[TS]
01:41:12
◼
►
slash talk show
[TS]
01:41:15
◼
►
know that just / talk show them how you came from the show I cannot recommend
[TS]
01:41:20
◼
►
this conference highly enough
[TS]
01:41:22
◼
►
go there check the schedule final one coming near you and and you will not be
[TS]
01:41:27
◼
►
disappointed I have I have this has been an obsession of mine and it's not I
[TS]
01:41:34
◼
►
guess I'd obsession I mean really is I mean I run a business to business as if
[TS]
01:41:39
◼
►
you count the show is a separate thing where it's you know it's part of that I
[TS]
01:41:43
◼
►
mean I make my income I support my family on advertising but I've been
[TS]
01:41:49
◼
►
obsessed with it all the way from before it was what I was doing was successful
[TS]
01:41:53
◼
►
you know before I knew whether it could work but you know i i I'm obsessed with
[TS]
01:41:58
◼
►
it and I think it's so interesting is that I don't know a man who knows if I
[TS]
01:42:01
◼
►
came up with it but that they quote that the definition of insanity is doing the
[TS]
01:42:05
◼
►
same thing over and over again and expecting a different result
[TS]
01:42:08
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and that's the thing that drives me nuts about the print as print publications to
[TS]
01:42:14
◼
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the web and lose money is is they still keep trying to sell ad in a way that
[TS]
01:42:20
◼
►
they've shown over and over and over again don't support the publication and
[TS]
01:42:27
◼
►
why keep doing that you know and it just seems and and maybe I you know under
[TS]
01:42:32
◼
►
estimating how long it takes for a new medium to settle into our society and
[TS]
01:42:37
◼
►
that to me the web is this old thing and it's established and it's clearly here
[TS]
01:42:41
◼
►
to stay
[TS]
01:42:42
◼
►
whereas you know what is it really how old is it really what like seventeen
[TS]
01:42:49
◼
►
years old 18 years old and termed not in terms of when the first website one-up
[TS]
01:42:53
◼
►
netscape 1995 96 maybe you know TV sixteen seventeen years after the first
[TS]
01:43:01
◼
►
TV sets were sold still didn't have to do advertising the right way I don't
[TS]
01:43:05
◼
►
know but it's just as frustrating to me because it's it's just crazy that they
[TS]
01:43:09
◼
►
just keep doing it the same way you know and it's eventually you figure out what
[TS]
01:43:13
◼
►
it is you have to sell and prodded print publications have to sell they could
[TS]
01:43:17
◼
►
sell space on paper including an entire page at a time they were monopoly there
[TS]
01:43:22
◼
►
was the only efficient way to reach the audience in a locality national level
[TS]
01:43:26
◼
►
and advertisers knew that but what was the actual format what they had to sell
[TS]
01:43:31
◼
►
ad space on printed pages right now and it's too late to have what is TV have to
[TS]
01:43:36
◼
►
sell they have time right they can sell the whole screen at a time
[TS]
01:43:42
◼
►
thirty-seconds you know the fact that it ended up with these thirty second spots
[TS]
01:43:46
◼
►
instead of sixty second spots or whatever doesn't really matter but what
[TS]
01:43:50
◼
►
they're selling his time the same thing Radiohead and whether they have nowhere
[TS]
01:43:59
◼
►
band and the web I think has spent his entire time trying to
[TS]
01:44:07
◼
►
appliqued the print idea that you're selling space on a page and it's it's
[TS]
01:44:15
◼
►
it's a disaster right and it just never made sense to me because what can you do
[TS]
01:44:19
◼
►
in a magazine every man I've said this before I know of said this on the show
[TS]
01:44:22
◼
►
but every magazine I read what turned it around on what's on the front cover and
[TS]
01:44:27
◼
►
what's on the cover is something that's obviously supposed to capture interest
[TS]
01:44:30
◼
►
in treat you in some way and what's on the back what's on the back is a
[TS]
01:44:33
◼
►
full-page ad right right and the better the magazine the better at the ad
[TS]
01:44:38
◼
►
usually it's usually something from you know here's here's the new issue of The
[TS]
01:44:43
◼
►
New Yorker just showed up at my house today it's an ad for get reggae and an
[TS]
01:44:48
◼
►
enterprise the company or a riot fashion I'm guessing that this watch on the back
[TS]
01:44:55
◼
►
of the new yorker I would I would guess that this is probably like a tenor
[TS]
01:44:59
◼
►
$15,000 yea or Cadillac or BMW or something like that and what do you get
[TS]
01:45:06
◼
►
the first few pages of the magazine you get full page ads two-page spread these
[TS]
01:45:11
◼
►
valuable things is it a is it inconvenient to you as the magazine
[TS]
01:45:15
◼
►
readers know you know a lot of the magazine's there are things that I like
[TS]
01:45:19
◼
►
i dont im not gonna buy that $15,000 wristwatch but I like looking at it I
[TS]
01:45:23
◼
►
like to see that no I like to look at the ad and see what the hell does it
[TS]
01:45:26
◼
►
$15,000 and if i dont have not interested at all in the ad it's a
[TS]
01:45:32
◼
►
second to get past it to the next page
[TS]
01:45:35
◼
►
the web it just doesn't work like that and all they do traditionally is so
[TS]
01:45:40
◼
►
these little two inches by 3 inches long things and they did the web page like
[TS]
01:45:46
◼
►
the back of the magazine right like the last few pages where they'll yeah we'll
[TS]
01:45:50
◼
►
take your 50 bucks and put a little you know a little add alongside the article
[TS]
01:45:54
◼
►
there is no thing that's the equivalent of a full-page ad on the web so just get
[TS]
01:46:00
◼
►
over it what do you really have what are we down to the thing that the web and
[TS]
01:46:04
◼
►
the internet in general has to sell his attention and the only way to sort of
[TS]
01:46:10
◼
►
make that attention to sell it in a premium way is to sell less of it yes
[TS]
01:46:16
◼
►
but it means that you have to be producing something of such high quality
[TS]
01:46:19
◼
►
that people don't discriminate mean it's a socio-economic being in part estate is
[TS]
01:46:24
◼
►
the new yorker can sell it as for a lot of money because its demographics are so
[TS]
01:46:28
◼
►
good in the advertised i've seen that that watch and the bank sells you know
[TS]
01:46:32
◼
►
millions of dollars of watches or whatever so hundreds of thousands of
[TS]
01:46:36
◼
►
dollars of watches or as part of an overall high-end branding campaign that
[TS]
01:46:39
◼
►
lets the watch be sold for $15,000 because it appears on the back of the
[TS]
01:46:44
◼
►
new yorker they get the cachet of that too but it's it's the I think it's a
[TS]
01:46:50
◼
►
trivial way too much about themselves like you could say it's only 10 but like
[TS]
01:46:55
◼
►
I said she would formally think of as in the real world they were terrific
[TS]
01:46:59
◼
►
publications with integrity and they're running remainder adds that I know we're
[TS]
01:47:03
◼
►
bringing them in fifty sensor less per thousand views the running these things
[TS]
01:47:08
◼
►
the bottom that show these terrible read other articles of her spam or something
[TS]
01:47:12
◼
►
you know juju berry thing or whatever and I'm like where does that get you
[TS]
01:47:18
◼
►
that you made that extra no chance of us on that page doesn't get you anywhere
[TS]
01:47:21
◼
►
but it was one point which is that the Kickstarter so I'm actually using
[TS]
01:47:29
◼
►
Kickstarter in what I think is the right way for someone like me to use a
[TS]
01:47:33
◼
►
kickstart which is probably most kicks arse which is the $40,000
[TS]
01:47:38
◼
►
you don't have to reveal my own salary but like the magazine is it does well in
[TS]
01:47:44
◼
►
the writers well but it somehow make my living it's part of it you know it's
[TS]
01:47:47
◼
►
still insist it's an experiment I love it but I make my living from a variety
[TS]
01:47:52
◼
►
of things I put most of my time in the magazine but it's not where we're making
[TS]
01:47:55
◼
►
a living from entirely so it's not like it's in a disclaimer about like pledged
[TS]
01:48:00
◼
►
forty granted I get forty of the thousands of it but I'm really using the
[TS]
01:48:04
◼
►
Kickstarter the way that is very useful when you really just need some capital
[TS]
01:48:08
◼
►
and you want to give people incentive to do it because they like what you're
[TS]
01:48:13
◼
►
doing but also you're giving them the reward is actually think you're making
[TS]
01:48:17
◼
►
as a result of raising the money so
[TS]
01:48:19
◼
►
the book by book in the Kickstarter you get a book that's great but I have
[TS]
01:48:23
◼
►
threshold hits a forty a grand that was in all my budging that gets me more
[TS]
01:48:28
◼
►
copies to print of course I'm gonna fill I don't wind up with really any money at
[TS]
01:48:32
◼
►
the end there's a little bit of margin of error a garage full of books
[TS]
01:48:35
◼
►
yeah exactly what I've got a pretty great so so the goal is really I want to
[TS]
01:48:39
◼
►
sell about her books roughly reaches the goal and secure hardcover books they
[TS]
01:48:44
◼
►
could be some mixing bowl of people can buy books or by some of the higher level
[TS]
01:48:47
◼
►
rewards that's fine but roughly 15 her books I'm gonna pray about 2,000 books
[TS]
01:48:51
◼
►
so I don't make really any money all the riders get paid again they get reprint
[TS]
01:48:54
◼
►
for use the designer the printer every gets paid and I went with books at the
[TS]
01:48:58
◼
►
outcome and then I have to sell I can sell any number of ebooks after its done
[TS]
01:49:02
◼
►
in a hundred percent of the cost has been paid for and I can sell you notice
[TS]
01:49:06
◼
►
a 500 print books or even do another run if those sell over the next year and
[TS]
01:49:09
◼
►
that's where it actually benefits the bottom line is is the Kickstarter helps
[TS]
01:49:14
◼
►
me come up with the capital that's very hard to do this right and do something
[TS]
01:49:18
◼
►
that I think is worth people's time and attention and then my reward for myself
[TS]
01:49:22
◼
►
personally as I have more stuff I can sell that's been paid for in the process
[TS]
01:49:26
◼
►
of producing this thing for them as the result that alright I can't let this
[TS]
01:49:32
◼
►
close though without talking about these to me very creepy high-end pledged
[TS]
01:49:39
◼
►
levels not there's there's there's two things you got for these you've got a
[TS]
01:49:43
◼
►
five thousand dollar pledge level you get a Lex Friedman visit any cons and
[TS]
01:49:47
◼
►
and gives you shave and I don't know with your shows you Sutra positions with
[TS]
01:49:55
◼
►
Chris Higgins same deal five grand he'll visit you anywhere in the continental
[TS]
01:50:00
◼
►
USA and again with the country you know if i if somebody lived in Hawaii I know
[TS]
01:50:07
◼
►
that it's more of a flight but hey why is beautiful I can I can see an escape
[TS]
01:50:14
◼
►
clause for Alaska
[TS]
01:50:16
◼
►
negotiate negotiate Chris Higgins frequent contributor to the magazine
[TS]
01:50:23
◼
►
just like blacks he'll he'll come
[TS]
01:50:26
◼
►
and then there's a Jason Snell visit but the Jason snow is five thousand and one
[TS]
01:50:34
◼
►
this is a grudge visitors so now I launch the Kickstarter and Alexa Chris
[TS]
01:50:40
◼
►
repair Jason's like why am I not there I'm like well you know sort of fun and
[TS]
01:50:44
◼
►
it was thought to be four people people react very strongly Lexus IS pieces and
[TS]
01:50:50
◼
►
they've done they've done a ton of the two biggest contributors of course and I
[TS]
01:50:54
◼
►
asked them and they were game to do it if somebody wants to come its funding
[TS]
01:50:57
◼
►
coming give a talk to buy the people dinner in 2001 suggestions like I'll do
[TS]
01:51:03
◼
►
it I'm like oh that's what do you do all come with a guy come and we'll tell by
[TS]
01:51:08
◼
►
people dinner and I'll taping compromise with them like that's great he said but
[TS]
01:51:11
◼
►
I have to be a dollar more than blacks and I said and done and then here's the
[TS]
01:51:17
◼
►
other thing then you are you can people killed by a visit from you and yours is
[TS]
01:51:21
◼
►
$8,000 now how can charge more than these guys who you doing this nice
[TS]
01:51:28
◼
►
things for you I have this dear friend a dear friend is give me great advice
[TS]
01:51:32
◼
►
about the structure structural things to do with promoting stuff and she said you
[TS]
01:51:39
◼
►
can't you're the editor you cannot list yourself as $5,000 these guys are
[TS]
01:51:44
◼
►
writers in the perfectly wonderful but you really you're the editor the thing
[TS]
01:51:47
◼
►
you should put yourself in my shoes they make yourself $10,000 I said no that's
[TS]
01:51:51
◼
►
48 I can do it but I thought I thought I will take your advice because you know
[TS]
01:51:57
◼
►
it with serious level is you know if you were priced out getting people for
[TS]
01:52:02
◼
►
speakers bureaus it is crazy too many many people charged when moving is
[TS]
01:52:06
◼
►
actually my list is actually there there Kwasi serious that come with books shown
[TS]
01:52:11
◼
►
some people books and cover all the costs of someone coming but it's the
[TS]
01:52:15
◼
►
idea of like if you like the idea of this and you want someone who wanted to
[TS]
01:52:19
◼
►
support the publication and and things happen which patients or if you've
[TS]
01:52:24
◼
►
already got like an event schedules actually this is a book entry and so if
[TS]
01:52:28
◼
►
you have a group that wants to raise the money actually took this partly for
[TS]
01:52:31
◼
►
Amanda Palmer because it's sort of funny but it's true is she does house concerts
[TS]
01:52:35
◼
►
I thought this is like this is the house concert equivalent
[TS]
01:52:38
◼
►
of being a writer speaker whatever in she sold a camber how many in her
[TS]
01:52:42
◼
►
million dollar-plus campaign and is still the filling them like two years
[TS]
01:52:47
◼
►
and then the pictures are crazy it's like you have a rockstar come to your
[TS]
01:52:50
◼
►
house and snuggle with you as part of the deal more like I've met Amanda yeah
[TS]
01:52:55
◼
►
yeah and great artists and their success is completely justified now spread again
[TS]
01:53:04
◼
►
I would take $5000 not to have her deal was not enough because of her me I would
[TS]
01:53:13
◼
►
I would not like I wouldn't want Bob Dylan to perform and I should point out
[TS]
01:53:18
◼
►
these visits and my cat in campaign they will not stay with you there covers
[TS]
01:53:21
◼
►
hotel for them now you know that story I forget it actually based on a true story
[TS]
01:53:26
◼
►
P T Anderson made into a film punch-drunk love really great movie but
[TS]
01:53:31
◼
►
it was a bad guys in movies played by Adam Sandler but he's not it's
[TS]
01:53:35
◼
►
absolutely not an arab Sandler movie but the idea was that there were these cans
[TS]
01:53:43
◼
►
of identity more soup that you bought them in on the back of the camera soup
[TS]
01:53:47
◼
►
was like a thousand miles on american airlines and he figured out that you
[TS]
01:53:56
◼
►
know that the miles if you just compute what's the miles roughly worth worth way
[TS]
01:54:00
◼
►
more than 89 cents so he just bought literally thousands of dollars thousands
[TS]
01:54:07
◼
►
and thousands of dollars in thousands and thousands of Kansas soup cut all
[TS]
01:54:11
◼
►
these coupons out and ended up with you know right like you know he became like
[TS]
01:54:18
◼
►
the most you know mild the customer on American Idol
[TS]
01:54:22
◼
►
my mind works the same way where I often try to see the loopholes and I got it I
[TS]
01:54:30
◼
►
know for a fact because part of this is you get taken out to dinner I could rack
[TS]
01:54:35
◼
►
up more than $5,000 on it is true I'm slightly concerned that some will push
[TS]
01:54:42
◼
►
the olive we did not set a limit however we hope that the people who pay 5000 we
[TS]
01:54:48
◼
►
do it easily I could easily because she was doing house concert she's had a lot
[TS]
01:54:55
◼
►
of her things were like 50 people got together and put $100 and they got to
[TS]
01:55:00
◼
►
come and swim with her
[TS]
01:55:01
◼
►
snuggle in the closet I don't know if they will snuggle for more but I'm not
[TS]
01:55:11
◼
►
Amanda Palmer either we should wrap up we've been on for a while but it's been
[TS]
01:55:20
◼
►
a great show we know I was talking about Bitcoin but gotta might have to have you
[TS]
01:55:23
◼
►
back for another show because we've we've expanded the whole thing on ads
[TS]
01:55:27
◼
►
Public License I will come back in I think I understand you're a great piece
[TS]
01:55:32
◼
►
on a link to I will link it up it's in the queue for during fireball so it'll
[TS]
01:55:35
◼
►
be through their great piece in The Economist this is this is not going to
[TS]
01:55:41
◼
►
talk about but it's I think I actually understand how it works technically
[TS]
01:55:47
◼
►
still will talk about it it's fascinating even if you did you know
[TS]
01:55:52
◼
►
it's ridiculously elegant and clever at every level and every level is insane at
[TS]
01:55:57
◼
►
the same time I want to mention this is sort of off-topic I was working in that
[TS]
01:56:02
◼
►
way but I can't but when you were talking about the history of the New
[TS]
01:56:07
◼
►
York right and it gets tired and has a wrap-up of the show of why it's worth
[TS]
01:56:12
◼
►
having a publication that that can stand the test of time and build its own
[TS]
01:56:17
◼
►
legacy so the new issue the December 9th issue
[TS]
01:56:21
◼
►
the new yorker came to my house today and on the cover two lovely cover by his
[TS]
01:56:28
◼
►
name is van banja I love his work and it is a picture of McSorley's Old Ale House
[TS]
01:56:37
◼
►
established 1859 and mostly monochrome but there's a little Christmas to it and
[TS]
01:56:45
◼
►
Merry Christmas innuendo and present on the ground as snow-filled Street and
[TS]
01:56:50
◼
►
lower Manhattan and there's a guy up front playing trumpet and cute waitress
[TS]
01:56:59
◼
►
inside now the thing that caught my eye about this and I you know most of it i
[TS]
01:57:04
◼
►
subscribe to The New Yorker comes every week and I've got a big stack literally
[TS]
01:57:09
◼
►
knee-deep in my office of unread issues I can't keep up with it I love so I love
[TS]
01:57:14
◼
►
the new yorker can't keep up with it every week but I happen to know this
[TS]
01:57:17
◼
►
because my friend Scott Simpson recommend this book to me while ago it's
[TS]
01:57:21
◼
►
a book called up in the old hotel by James Joseph Mitchell ever heard of
[TS]
01:57:25
◼
►
Joseph missile yes yes if Mitchell was a staff writer at the New Yorker I think
[TS]
01:57:31
◼
►
maybe when it was founded if not he was one of the early hires he started in
[TS]
01:57:34
◼
►
1939 and was for a few decades was one of the top contributors and this is a
[TS]
01:57:40
◼
►
collection of his work in the new yorker it is a wonderful book and what kind of
[TS]
01:57:44
◼
►
stories he used right we're just like you know just man on the street stories
[TS]
01:57:50
◼
►
about the regular citizens of New York and he's won I mean it's it's one of the
[TS]
01:57:54
◼
►
best books I've ever read and it was really great recommendations I can't
[TS]
01:57:57
◼
►
recommend it highly enough
[TS]
01:57:59
◼
►
up in the old hotel and the first story in in this book by Joseph Mitchell is
[TS]
01:58:10
◼
►
the old house at home
[TS]
01:58:13
◼
►
and it's a profile of a sold-out house was written in C I have the book of the
[TS]
01:58:21
◼
►
year twenty when this is also about long form stuff and it's just a story about
[TS]
01:58:29
◼
►
the saloon and who owns it
[TS]
01:58:31
◼
►
what it's like inside think it was written in like 1939 1943 1943 1944 1947
[TS]
01:58:41
◼
►
book so it's here's a story about this old house it was established in 1859 the
[TS]
01:58:47
◼
►
oldest pub in New York City continuously open I believe since 1859 and there
[TS]
01:58:56
◼
►
wasn't one of the most famous
[TS]
01:58:57
◼
►
a great historically notable profile that the new yorker ran but they ran it
[TS]
01:59:04
◼
►
seventy percent seventy three years ago and now here's the cover story and it's
[TS]
01:59:11
◼
►
you know a picture and I think that's so great and I don't know how many readers
[TS]
01:59:15
◼
►
of The New Yorker gonna know that but like one soon as I saw it it was like to
[TS]
01:59:20
◼
►
me it was like thats awesome that there's a great follow-up to which I
[TS]
01:59:25
◼
►
just found the blog post of the new yorker dot com about it and it is funded
[TS]
01:59:30
◼
►
some additional cartoons for the say it's a slide show showing me the Pooh
[TS]
01:59:34
◼
►
wandering in if you ever seen the Pooh smoking a cigarette while the other hand
[TS]
01:59:41
◼
►
it's interesting about Joseph Mitchell is now this in the foreword to the book
[TS]
01:59:48
◼
►
and it's written by David Remnick the current editor of the new yorker Joe
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01:59:54
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Gould's secret is is this I'm quoting from his david remnick introduction Joe
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Gould's secret is mitchell's masterpiece as the last piece in the book it is also
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of course his last piece he never published again for the next thirty one
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years and six months
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Mitchell came to work almost everyday and submitted not even a story for the
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talk of the town no one was more esteemed by the staff in this quarterly
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soft-spoken genius and no one but a fool
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asked about his silence their theories about what might have hindered him some
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great personal sadness the weight of reputation the radical changes in New
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York he admitted when he was in his eighties I can't seem to get anything
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finished anymore
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estate the world isn't just defeats the kind of writing I used to do so he but
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that's the sort of but he remained a staff writer full-time employed and came
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to work five days a week for 31 years and six months and never rode never rode
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another piece that is there something that almost incredible
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application out there was time layers comment about why after being one of the
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most successful political you know humorous in America for years and years
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and that he gave it up as a math professor of his full-time job right but
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he gave up his he said after henry kissinger won the Nobel Prize nominated
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for the Nobel Peace Prize something of that nature and say I just thought that
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was so fast and so great that they would call back to your plan for doing
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fireball is a blank page for the next thirty one years every day people get up
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and look at the page it'll be nothing they're probably not with a whimper but
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with the house bank probably is how people just keep coming back hoping for
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something now
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alright Glen thanks a lot everybody check out the Kickstarter for the
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magazine the book and I checked the show notes and blend piece on
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Bitcoin in various bylines in 37 different weekly publications thank you
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all right thank you
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