Hey, everybody, it's Kai.

Thanks for downloading the Corner Office podcast.

This time I'm talking to Steve Swartz.

He's the CEO of the Hearst Corporation.

It's a company that's been in the content business for 132 years.

Corporate headquarters are in Manhattan, New York City, and I sat down with Steve Swartz

in a conference room way up on the 44th floor of that building.

We're expecting you. Won't you ever see?

Ready to go to work?

Steve Schwartz, welcome to the program.

Thank you.

I don't know that you probably go to many dinner parties where people don't know who you are, but if you're out about and somebody says, Steve, what do you do?

Nice to meet you. How are you? What do you say? Well, I usually don't feel the need to define

Hearst as a company, but interestingly enough, as the conversation would go on, I think for most people,

we are thought of as predominantly a newspaper and magazine company, which is fine because we love

those businesses. But I think after a while, the fact that we're in a lot of other things comes

out and actually

tends to take people by surprise.

So tick them off for me, the other things this company does, because I'll be honest with you,

I was a little surprised.

Well, we're predominantly a television company.

We own 20% of ESPN, our fabulous partners at the Walt Disney company, own the rest. We and Disney co-own the A&E

...