PivotKara Swisher Explains Plan to Buy The Washington Post | Pivot
EVERY SPOKEN WORD
25 min read · 4,514 words- 0:00 – 0:30
Cartoon censorship controversy sparks broader Washington Post ownership debate
- KSKara Swisher
... the cartoonist of the Washington Post has quit after a cartoon depicting, uh, billionaires, including Jeff Bezos, kneeling before President-elect Donald Trump, was blocked from publication. Ann, uh, Telnaes, I think that's how you pronounce it, uh, published a sketch of the cartoon, uh, on Subsca- Substack, saying it was the first time a work had been rejected because of who it depicted. Uh, she's a Pulitzer Prize winner, by the way. Amazing cartoonist. The Washington Post editorial page editor, David Shipley, said the cartoon was rejected because of its similarity to columns at the paper rather than the subject, although he
- 0:30 – 1:00
Amazon’s Melania Trump documentary and the optics of billionaire media influence
- KSKara Swisher
managed to publish many similar columns over and over again. This is, it's nonsense what David Shipley said, and now I can say it very explicitly 'cause Amanda quit the Washington Post. Uh, he is really, uh, uh, this, this was nonsense what he was, his excuse. Um, in other related news, uh, Amazon's announced that it will release a behind-the-scenes documentary on Melania Trump by Brett Ratner, who was sucked up into the Me Too stuff rather egregiously. He seems to be a really, um, problematic person. Uh, and, uh,
- 1:00 – 1:32
Kara floats buying The Washington Post; Scott calls it performative
- KSKara Swisher
uh, and there's, uh, the New York Times did some really astonishing coverage on his behavior. Uh, so that was nice. Um, uh, what do you think, Scott? You wanna buy the Washington Post with me?
- SGScott Galloway
This is such peacocking.
- KSKara Swisher
Yeah.
- SGScott Galloway
First off-
- KSKara Swisher
I didn't invite you.
- SGScott Galloway
... if I'm gonna spend a lot of money to be put in pain, uh, he or she better be wearing-
- KSKara Swisher
Yeah.
- SGScott Galloway
... leather and be hot. I just-
- KSKara Swisher
(laughs)
- SGScott Galloway
(laughs) What, what are you do- uh, I, uh, anyways. No, I'm not crazy. I, I, that is literally-
- KSKara Swisher
Okay. All right. Good.
- SGScott Galloway
... I would, I think I told you when I had an experience-
- KSKara Swisher
I'm waiting to hear your feedback.
- SGScott Galloway
Well, no. I have-
- KSKara Swisher
But go ahead.
- 1:32 – 2:02
Scott’s New York Times ownership lesson: journalism vs. shareholder governance
- SGScott Galloway
I braised s- back in the heyday of hedge funds, I convinced a hedge fund manager to give me $600 million to become the largest, uh, shareholder in the New York Times, and I learned a decent amount about newsrooms and, and the collision between shareholder governance and journalism and newsrooms, and I quickly learned, or I got a very expensive lesson, these are important institutions. I even wonder at some point-
- KSKara Swisher
Right.
- SGScott Galloway
... if they should have some sort of tax benefit 'cause I think they do a really important, they do really important work.
- KSKara Swisher
I agree.
- 2:02 – 2:15
Scott’s prescription: trust ownership and owners who ‘stay out of it’
- SGScott Galloway
But at the end of the day, these are institutions that should be owned by trusts and they should have a trust, uh, that basically hires the right guy or gal to run the thing and they just stay the fuck out of it.
- KSKara Swisher
Maybe I have that idea. Maybe I'm not doing it your way. God damn.
- 2:15 – 3:12
Reality check: Bezos has to want to sell—and private talks matter
- SGScott Galloway
Well, I know, but what I would argue ... So just, just to bring in the viewers, uh, just to ring the listeners up, there's been a lot of rumors that you're assembling a group to make a bid for-
- KSKara Swisher
Yes.
- SGScott Galloway
... the Washington Post.
- KSKara Swisher
Yes.
- SGScott Galloway
And what I haven't heard is that Jeff Bezos is willing to sell it.
- KSKara Swisher
Correct.
- SGScott Galloway
(laughs) And so all of this, in my view, and I, uh, you know, and, is, uh, uh, I don't know, sort of a- all chip no salsa.
- KSKara Swisher
Doesn't matter.
- SGScott Galloway
Yeah. So we can, we, or when I say we I mean you, complain about the Post and the ownership and, but if you, and I told you this on the phone the other night, if you were serious about doing this, you would've had offline conversations with Bezos and said, "Can I put together a group that includes you and gives you some shark repellent and innoculates you from this un- this, this bullshit and grief which you are probably not enjoying right now, and gives you plausible deniability where you can say, 'Oh, it's up to the ...' " It's kinda like what you, I think, if you were serious, get, you have to get Jeff on board, and-
- KSKara Swisher
Yes, correct.
- SGScott Galloway
... and then two-
- 3:12 – 4:40
Kara’s counter-strategy: public conversation, reporting instincts, and rejecting ‘quiet deals’
- KSKara Swisher
This is what I'm attempting to do.
- SGScott Galloway
... try and get, um-
- KSKara Swisher
Because again, you're not asking if I'm attempting to do this.
- SGScott Galloway
Well, uh, right. And the, but the way you would do this, Kara, is quietly. (laughs)
- KSKara Swisher
Mm-mm. I think you're wrong.
- SGScott Galloway
You're not gonna-
- KSKara Swisher
That's where you and I-
- SGScott Galloway
... shame this guy into selling the Post.
- KSKara Swisher
I'm not shaming him. I actually have praised his ownership until recently. I have been very much praising his ownership until recently. I think it's much more complex. I don't think that's what I'm doing. I think there's ways to do things and calling attention to it and b- bringing it to the conversation.
- SGScott Galloway
Right.
- KSKara Swisher
There's a lot more people than me looking at this, by the way, FYI.
- SGScott Galloway
Is that right?
- KSKara Swisher
And I think the on- yes. And the only way, and I'm meeting with everybody. This is what I, this is how I'm approaching it. I'm a reporter. I was an excellent reporter.
- SGScott Galloway
All right.
- KSKara Swisher
I certainly was a much better-
- SGScott Galloway
I think you still are an excellent reporter.
- KSKara Swisher
... reporter than, I am. I'm more, much more so than the guy who's the CEO of the company, by the way. By, by a far.
- SGScott Galloway
Okay.
- KSKara Swisher
And I, I approach-
- SGScott Galloway
You are not gonna get this thing shit-posting the current CEO.
- KSKara Swisher
Yes, I don't care about the CEO. I, I, I think he ... Fine. Whatever. It doesn't matter.
- SGScott Galloway
Okay.
- KSKara Swisher
It's not shit-posting. I'm telling-
- SGScott Galloway
(laughs)
- KSKara Swisher
... I'm saying what I think. And it's not shit-post-
- SGScott Galloway
That was the definition of shit-posting.
- KSKara Swisher
Shit-posting is, no it wasn't. Well, I am a better reporter. I'm sorry. It's a factual thing.
- SGScott Galloway
Okay.
- KSKara Swisher
Um, so, um, I, I think the way to do it is start the conversation and get it going rather than these-
- SGScott Galloway
Right.
- 4:40 – 5:12
Building a coalition: talking to billionaires and testing interest
- KSKara Swisher
I'm talking to everybody.
- SGScott Galloway
Yeah.
- KSKara Swisher
Like, everybody. And you'd be surprised who I'm talking to. By the way, someone who was doubtful, I had a long, long conversation with a billionaire who was doubtful. Had a long, long conversation last night. Suddenly, he's very engaged in the idea-
- SGScott Galloway
Yeah.
- KSKara Swisher
... because he'd started to listen to s- the various i- ideas.
- SGScott Galloway
Yeah.
- KSKara Swisher
I think it's okay-
- SGScott Galloway
What else did Mark Cuban say?
- KSKara Swisher
No, no. Uh, that's not what I'm talking about. So, um, but he would be, he would be great. Someone like that. I welcome-
- SGScott Galloway
Yeah.
- KSKara Swisher
... his, his input 'cause I think he's really smart. I welcome the feedback of negativity that you are displaying.
- 5:12 – 5:58
Radical transparency vision: broadcast the meetings and make the turnaround a story
- SGScott Galloway
(laughs)
- KSKara Swisher
That's fine. That's great. (laughs) Um, I think it's good to talk to everyone and understand what the various possibilities would be. And one of the things that I think doing this thing, and then we'll, we'll end this, is, uh, why not just talk about it explicitly? If I ran this thing, everything would be transparent. I would broadca- you know how at, how, you know, you have all these media reporters, like feeders talking about what happened at a meeting? I'd broadcast the fucking meeting. What's the, what's the secret here? It's losing money. Here's how much money we're losing. Here's why. Here's what we invested in. Like, dude, I think one of the reasons Pivot's successful is 'cause we're very transparent about what we're up to most of the time. We really are. And we say when we make mistakes. I would make it public. I'd make it a narrative. I would come up with lot, lots of ideas. And I agree with you, it's not a money-making situation.
- 5:58 – 6:10
Scott pitches ‘Drive to Survive’ for the newsroom; Kara embraces the narrative angle
- SGScott Galloway
You do an HBO series, like Drive to Survive, or-
- KSKara Swisher
An HBO series. (laughs)
- SGScott Galloway
... Behind the Music, or-
- KSKara Swisher
(laughs)
- SGScott Galloway
... those things where they go, they, they depict a season of a team-
- KSKara Swisher
You're out.
- SGScott Galloway
Yeah.
- KSKara Swisher
Survivor. Yeah, you just make, it's a great story. And, and at the heart of it, it's ... It is. It is. No, I think it is. I think ... You know. Yeah.
- 6:10 – 7:47
Is The Washington Post uniquely important—or just legacy nostalgia?
- SGScott Galloway
See, I think you think those people and that institution is more interesting than it is. I think you find it fascinating-
- KSKara Swisher
It is. It is. No, I think it is. I think ... and a small group of Beltway people in Kalorama find it interesting. And most of them- No. Yeah.
- SGScott Galloway
... find that the reporters in the newsroom are amazing at reporting and they brighten up a room by leaving it. I just don't think-
- KSKara Swisher
No. (laughs)
- SGScott Galloway
... it's that dramatic a story.
- KSKara Swisher
I, I think it's a great story. I think it's a g-... it's got a, it's a, it has its whole... The Washington Post has a particular hold on this country in a way that's really wonderful in many ways. By the way, you don't think Ben Bradlee was interesting? That was so fantastic. He was such a fantastic chara-... Katharine Graham. I have all kinds of re- th- ideas to make it interesting and it is actually inherently interesting. And the idea that there's one newspaper though, The New York T-... and also you could do all kinds of things with papers around the c-... Just, uh, like what's the fresh idea here is all I'm going for, is let... I'm open to the fresh idea of how you could save this institution in a way that is really interesting and it doesn't, you don't have to have a foregone conclusion of every single thing. I agree, it's easier to start it from scratch, it's easier to do it by yourself, it's easier to do it very lightweight, you run all over the country without a lot of things, but this is a percu- particular and peculiar institution I think is important. And I obviously have an emotional connection to it 'cause I started there in the newsroom. I have an em-... But there really is something about there cannot just be The New York Times and... By the way, something's gonna happen with The Wall Street Journal when Rupert goes, who knows what goes on with that institution, right?
- SGScott Galloway
Mm-hmm.
- KSKara Swisher
Um, and then over in the West Coast, you got Looney Tunes, uh, the guy who's running, uh-
- SGScott Galloway
New York Times. Yeah.
- KSKara Swisher
That guy, who seems to have, uh, he started off a liberal, now he's a Trumper. It's like, and he's got, like, he doesn't know what he's talking about.
- 7:47 – 8:19
Print vs. media ecosystem: Kara says it’s not about ‘dead trees’
- SGScott Galloway
Yeah, but you're, you're defining media-
- KSKara Swisher
(laughs)
- SGScott Galloway
... by the fact that it's printed on dead trees. You're defining media-
- KSKara Swisher
I don't, I... Listen-
- SGScott Galloway
There's a lot of competition.
- KSKara Swisher
... I don't-
- SGScott Galloway
There's a lot of other players in ...
- KSKara Swisher
I agree.
- SGScott Galloway
... New York.
- KSKara Swisher
I, I told Don Graham when I left, "Why are you even printing it?" This was back in the '90s. I was like, "I don't even understand why you print it." I don't, I don't actually. I still don't. So, I'm just saying I think this is interesting. I find it to be... Like, it's a, it, it's an interesting puzzle to Kara Swisher. And I, I, and I have a million other things I'm doing that are much more lucrative-
- SGScott Galloway
Just-
- KSKara Swisher
... that are much more promising.
- SGScott Galloway
... enjoy-
- KSKara Swisher
I-
- SGScott Galloway
... just be, uh, uh-
- KSKara Swisher
(laughs) I love this.
- 8:19 – 9:22
Scott warns it’s self-inflicted pain; Kara frames it as her ‘breath work’ and commits
- SGScott Galloway
You're so good. You're leaning... Just be a billionaire, just be a wealthy lesbian. Buy like a, buy like a roller derby team-
- KSKara Swisher
(laughs)
- SGScott Galloway
... or something. Just do something-
- KSKara Swisher
(laughs) I wanna do breath work.
- SGScott Galloway
(laughs)
- KSKara Swisher
I want... This is my breath work.
- SGScott Galloway
Be like-
- KSKara Swisher
This is my breath work.
- SGScott Galloway
... Bezos gets it, you don't. He's on a fucking yacht with a, with a woman in a, in a G-string in St. Barts and you're talking about all this pain, self-inflicted pain. You're about to go into a dentist office and say, "Hold off on the novocaine." Have you been... I mean, you've been in newsrooms, I'll give you that.
- KSKara Swisher
(laughs) Arlo, I've been in all of them.
- SGScott Galloway
Ugh, I can't believe-
- KSKara Swisher
I've been in all of them.
- SGScott Galloway
... you would subject yourself to that bullshit. Anyway-
- KSKara Swisher
I think there's a new way. I think there's a new... Let me just tell you, this is my breath work and I'm gonna fucking do it.
- SGScott Galloway
Okay.
- KSKara Swisher
You, you literally hired someone to teach you to breathe today and you're giving me-
- SGScott Galloway
Yeah.
- KSKara Swisher
... a hard time about something that is actually slightly noble even, and that's not why I'm doing it. I think it's fun. I actually... But, anyway, we'll see what happens. But I predict in 2025, I will meet with Jeff Bezos-
- SGScott Galloway
(laughs)
- KSKara Swisher
... or my name isn't Kara Swisher. Okay? I'm going t-
- SGScott Galloway
I, I wouldn't-
- KSKara Swisher
He's gonna meet-
- SGScott Galloway
... I wouldn't put it past you. I wouldn't put it past you.
- KSKara Swisher
I'm doing it. He's gonna do it. And you know what? He's gonna like it.
Episode duration: 9:23
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