What does the sale of the Washington Post mean for print newspapers?

News broke yesterday that the Washington Post had been purchased for $250 million by Amazon founder Jeff Bezos. According to the Washington Post, the newspaper has suffered a 44% decline in operating revenue over the last six years and a 7% circulation decline in the first half of 2013 alone.

The Washington Post enjoys a fairly strong digital presence, but the sale raises questions about the future of the print newspaper. In 2012, Bezos told a German newspaper that print would be dead in 20 years because no one would bother paying for news.

In a statement yesterday, however, Bezos said the Post is “an important institution” but added he does not have a “worked out plan” for the “unchartered territory” he has entered. He said the future of the Washington Post would require “experimentation.”

“So Bezos has just purchased the Washington Post,” Glenn said on radio this morning, “which I think is fantastic.”

“After saying that the print industry was dead just a couple of years ago,” Stu interjected. “I'm not arguing that necessarily. I'm just saying it's surprising that you'd spend $250 million on something [you think is dead].”

Glenn has made his opinions about the future of media well known, and, like Bezos, he believes that the print industry’s days are numbers. With that said, Glenn understands Bezos’ decision to purchase the paper.

“He is absolutely right about the print industry being dead and why he bought it. He spent $250 million to buy the logo, to buy the name, the Washington Post,” Glenn explained. “And he will fundamentally transform that and it will no longer be a newspaper probably in five years. It’s got to be his bet.”

The interesting thing, however, is how quickly the media landscape is changing. This year, digital usage has surpassed television usage for the first time in history. In 2010, people spent an average of 3 hours and 14 minutes using digital devices (i.e. online, mobile). In 2011 that average jumped to 3 hours 50 minutes. This year, digital consumption accounts for 5 hours and 9 minutes of a person’s day.

Television, meanwhile, has remained relatively steady going from an average of 4 hours and 24 minutes in 2010 to 4 hours and 31 minutes in 2013. Radio has witnessed a similar trend, dropping slightly from 4 hours and 36 minutes in 2010 to 4 hours and 26 minutes in 2013.

Bezos is clearly a very savvy businessman, but given the downward trajectory of the Washington Post in recent years and the tremendous culture shift toward digital media, Glenn questioned the value of the Washington Post brand in today’s world.

“I mean, you know, maybe he's right. He's much smarter than I am,” Glenn explained. “But he's looking at the name, which doesn't really mean anything to the next generation. The Washington Post means nothing. They don't care about Watergate. And what has the Washington Post done lately? The Washington Post – if they start to break real news – could be valuable, but the Washington Post doesn't mean anything. It means less to the American people than the New York Times does.”

Ultimately, Glenn believes the future lies in the value of the content, not the value of the brand.

“Here's a guy who's coming in. He's like, ‘I'm going to fix the media because I'm going to spend $250 million on this brand and I'm going to make sure that it's digitized.’ Well, who gives a flying crap if it's digitized, if it's digitized crap,” Glenn said. “I mean you don't get to be [someone like Bezos] without counting the money and caring about the money. If you have that kind of money, you have a profound responsibility to do something meaningful with that money. And Bezos is clearly so much smarter than, you know, any of the yahoos on this program and 10 times smarter than [me]. He knows what he's doing, but look at the content, not the delivery system.”

Sen. Ted Cruz: NOBODY should be afraid of Trump's Supreme Court justice pick

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Sen. Ted Cruz (R-Texas) joined Glenn Beck on the radio program Wednesday to weigh in on President Donald Trump's potential Supreme Court nominees and talk about his timely new book, "One Vote Away: How a Single Supreme Court Seat Can Change History."

Sen. Cruz argued that, while Congressional Democrats are outraged over President Trump's chance at a third court appointment, no one on either side should be afraid of a Supreme Court justice being appointed if it's done according to the founding documents. That's why it's crucial that the GOP fills the vacant seat with a true constitutionalist.

Watch the video below to hear the conversation:

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Sen. Mike Lee (R-Utah) joined Glenn Beck on the radio program Wednesday to talk about why he believes President Donald Trump will nominate Judge Amy Coney Barrett to fill the Supreme Court vacancy created by Justice Ruth Bader Ginsburg's death.

Lee, a member of the Senate Judiciary Committee that will consider and vote on the nominee, also weighed in on another Supreme Court contender: Judge Barbara Lagoa. Lee said he would not be comfortable confirming Lagoa without learning more about her history as it pertains to upholding the U.S. Constitution.

Watch the video below to hear the conversation:

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This week on the Glenn Beck Podcast, Glenn spoke with Vox co-founder Matthew Yglesias about his new book, "One Billion Americans: The Case for Thinking Bigger."

Matthew and Glenn agree that, while conservatives and liberals may disagree on a lot, we're not as far apart as some make it seem. If we truly want America to continue doing great things, we must spend less time fighting amongst ourselves.

Watch a clip from the full interview with Matthew Yglesias below:


Find the full podcast on Glenn's YouTube channel or on Blaze Media's podcast network.

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'A convenient boogeyman for misinformation artists': Why is the New York Times defending George Soros?

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On the "Glenn Beck Radio Program" Tuesday, Glenn discussed the details of a recent New York Times article that claims left-wing billionaire financier George Soros "has become a convenient boogeyman for misinformation artists who have falsely claimed that he funds spontaneous Black Lives Matter protests as well as antifa, the decentralized and largely online, far-left activist network that opposes President Trump."

The Times article followed last week's bizarre Fox News segment in which former House Speaker Newt Gingrich appeared to be censored for criticizing Soros (read more here). The article also labeled Glenn a "conspiracy theorist" for his tweet supporting Gingrich.

Watch the video clip below for details:


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