Bloomberg’s Matt Levine still loves crypto; Ankler’s Janice Min loves newsletters

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4 • 585 Ratings

🗓️ 27 October 2022

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

When Bloomberg’s Matt Levine sent an enticing email about “a big thing coming out about crypto in Businessweek,” Recode’s Peter Kafka couldn’t resist. Turns out, the “big thing” is a 40,000(!) word piece that took over the entire magazine, titled “The Crypto Story." Levine explains why he wrote a 40,000(!) word piece about cryptocurrency, which he thinks is fascinating even if the boom has turned to a bust. Plus some bonus thoughts on the end (?) of the Elon Musk Buys Twitter Saga, and What It All Means. And then, Ankler Media CEO Janice Min talks about Hollywood's favorite thing to read about: Hollywood. In 2021, Min joined Richard Rushfield to expand his Substack newsletter into a full-on media business. Min talks about how running Ankler differs from running The Hollywood Reporter, and what happens when two media journalists hit up Y Combinator for seed capital. Plus, Min reflects on the heyday of the iconic celebrity news magazine Us Weekly, where her role as editor-in-chief meant she was a celebrity who didn’t plan on becoming a celebrity. Featuring: Matt Levine (@matt_levine), Reporter for Bloomberg Janice Min (@janicemin), CEO of Ankler Media Host: Peter Kafka (@pkafka), Senior Editor at Recode More to explore: Subscribe for free to Recode Media, Peter Kafka, one of the media industry's most acclaimed reporters, talks to business titans, journalists, comedians, and more to get their take on today's media landscape. About Recode by Vox: Recode by Vox helps you understand how tech is changing the world — and changing us. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:59.2	slash voxpod this is recode media of peter kofka and that is me and today i have a good one for you. I mean, I think they're all good, but I really enjoyed these conversations, and I really think you will too, and if you don't, I'm doing it wrong. I don't think I'm doing it wrong. So first up, I've got Matt Levine, the great Bloomberg writer whose Money Stuff newsletter is always a must open for me, and he's been a crucial resource for two of this year's biggest stories, the crypto boom and bust and Elon Musk buying, not buying, buying Twitter.
1:33.0	He's on today because he just took over the entire issue of Businessweek to write about
1:37.2	crypto. And I wanted to know why he thought that was a good idea in the fall of 2022 when
1:43.4	everyone seems to be done with
1:44.7	crypto. He's got a good answer. You're going to like it. And yes, we talked about Elon a bit too.
1:49.7	And then I talked to Janice Minn, who's been running important publications for a long time. She's now
1:54.2	running Ankleer Media, the Hollywood-based newsletter startup. I am a paying subscriber. We talked
1:59.2	about why she's doing a startup period,
2:01.1	because she could definitely have a normal big deal media job as she wanted to, and why she and so
2:06.1	many other folks like Ben Smith, who was just on the show this week as well, are trying to
2:10.0	launch new businesses around newsletters. We also talked about her time running with a Hollywood
2:14.1	reporter, her brief stinted Quibi, remember Quibi? And then we had a real
2:17.5	nostalgia trip talking about her time running Us Weekly, which for a while was one of the most
2:22.8	important and most profitable media operations period, which is wild. This is back in the first
2:28.5	decade of the 2000s when the internet definitely existed, but magazines were weirdly still really
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