2013.09 - New York (Magazine) - In Conversation: Michael Bloomberg
Interviewer: Jeff Bezos just bought the Washington Post. John Henry just bought the Boston Globe.
Bloomberg: I saw that.Interviewer: Good investments?
Bloomberg: They are not good businesses. The media world is changing. Newsweek and U.S. News, two of the big newsweeklies nationwide, go out of print, and Time magazine’s thinner than it was before. There’s something changing. Whether it’s good or bad for democracy, whether it’s good or bad for the public, I don’t know, but it’s changing. The print circulation of the Daily News has gone from 660,000 to 330,000 in four or five years.