Ezra Klein: belief

Transcript context

…Let’s talk about that time horizon. What’s your best guess? You’ve thought more about different media and worked in more different media than almost anyone right now. So a couple things. One, by the way and I think this is true also for video, we haven’t talked really about this. One thing the move towards video being a big part of a successful media organization does, and VR will probably push us even further, is you’re seeing rising advantages to incumbency and capital again. Blogs, which I was part of and a big beneficiary of, for a moment you really did flatten things out. It was really easy to publish at a pretty flat rate online. Doing good video: it just costs more money, it takes more time. Doing good animation: it costs more money, it takes more time. We have substantially lowered the level of investment needed to do it well, but it is still very different than it is in text. VR and AR, from what I know of those — and again this will all get cheaper over time — my sense there too is you’re going to have a pretty big advantage for organizations able to afford what are increasingly real studios, which the New York Times did not have to have a studio in 1996. And then when I was trying to in some way compete with a New York Times op-ed column as a blogger — which is not how I saw it, but I think in some way what was going on — everything was flattening there. Absolutely, sure.…

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