Mogul Zuckerman Believes Future of Media Is Online

Billionaire real estate and media tycoon Mort Zuckerman says that though the future of the media is online, nothing can replace the newspaper since it gives a city and its residents its character. The owner of the New York Daily News, ardent Israel supporter and philanthropist spoke to Carlyle Group co-CEO David Rubenstein in Washington Friday.

Published

3 months ago

Categories

Technology

Topics

Journalism, Internet

People

David Rubenstein, Mort Zuckerman

Places

Israel, Washington, District of Columbia

Companies

New York Daily News

Transcript

SHOTLIST: WASHINGTON, FEBRUARY 8, 2013, SOURCE: AFPTV "Winter Breakfast" conversation of The Economic Club of Washington between real estate and media tycoon Mort Zuckerman, and David Rubenstein, Carlyle Group co-CEO SOUNDBITE 1 Mort Zuckerman (man), real estate and media mogul (English, 9 sec) [on the business of media, including US News and World Report, of which he is chairman and editor-in-chief]: "US News is now viable as a magazine that is essentially online, and almost all print products do not work any longer in economic terms." SOUNDBITE 2 Mort Zuckerman (man), real estate and media mogul (English, 17 sec) [on economic risks for print media]: "I certainly think the most vulnerable will be newspapers, because they serve a unique function of giving a city a voice and a character, and giving people the sense that they belong to that city. It's going to be very difficult to do online; nobody has really mastered that yet." - VAR of Zuckerman, Rubenstein and audience at The Economic Club's "Winter Breakfast" - At end of discussion, Rubenstein gives Zuckerman a copy of the original map of the District of Columbia, to applause -----------------------