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Channels with Peter Kafka

So … what the hell is Web3? With the Chernin Group’s Jarrod Dicker

Channels with Peter Kafka

Vox Media Podcast Network

Technology, Tv & Film, Business News, News

4.4585 Ratings

🗓️ 13 January 2022

⏱️ 65 minutes

🧾️ Download transcript

Summary

What the hell is Web3, why did everyone start talking about it all at once, and are we going to still be talking about it in a few months? Jarrod Dicker, an investor at the Chernin Group, may know the answers to some of those questions, so he sat down to talk with Recode’s Peter Kafka. For years, Dicker has been in and around crypto — Web3 is really a rebranding of crypto — but he also knows the media business: Prior to Chernin, he was an executive at the Washington Post. He’s bullish on Web3 because that’s his job, but he’s also got a nuanced perspective on what this stuff does and doesn’t mean for lots of different businesses. Featuring: Jarrod Dicker (@jarroddicker), Partner at the Chernin Group 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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30 days of purchase decencies apply welcome to recode media of Peter Kafka that

1:38.8

is me and in a minute we're gonna have a really interesting conversation about

1:42.3

web three we had to do it it's time time to do it. It's going to happen today. But first, a quick note about one of the two big New York Times stories I wrote about last week. You know about this one. You know about both them, of course. You listen to this podcast. The Times is paying $550 million in cash with the Athletic. I wrote about it at the time. You can read that story on box.com for free. No subscription. But here is the TLDR. The Times wants subscribers. That's why it's making the second biggest acquisition in its history. The Athletic has 1.2 million subscribers. The Times thinks it can sell many more subscriptions to the Athletic. It also wants to bundle the athletic with the paper itself and the other add-on that's

2:19.7

already selling like games and cooking.

2:22.3

And the athletic is selling because it doesn't make any money and that's why it's selling

2:25.9

for the same valuation.

2:27.1

It was valued at two years ago and not the $800 million plus it had imagined at one point

2:32.4

before the pandemic.

...

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