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tv   Bloombergs Studio 1.0  Bloomberg  April 17, 2016 12:00pm-12:31pm EDT

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♪ cory: she is one of the most influential women in technology and media, editor and chief of "the huffington post" and author of 15 books. studio 1.0,oday on arianna huffington. emily: thank you for being here. verizon which owns aol and the huffington post say they will bid for yahoo!.
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do you believe verizon has a longtime content strategy that include yahoo! and the huffington post and if so, what is it? ms. huffington: verizon has themed that the future for has to include a very robust media technology company. would fit very well in the strategy. there is competition. maybeis soft bag and google so we will see what happens. emily: what are the synergies you see with verizon and the huffington post? ms. huffington: verizon has huge distribution potential. we are moving more and more into video. whichave launched go 90 of their mobile video play and has produced and paid for great
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content from many providers. this is fantastic because it gives us great distribution. emily: what do you think about the idea of a wireless company getting into content? it's not just verizon, it's an interesting new world. ms. huffington: i think it's a smart move. the world is changing. it's the innovator's dilemma that if you don't change fast enough because you are a big successful company like verizon, that it's too late to change. in a sense, if the new york times had changed early enough when it came to digital technology, there would be no room for the huffington post. emily: there has been intense scrutiny on marissa mayer's on leadership and the turnaround and she is now fighting for her job. do you sympathize with her? absolutely, i:
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feel that marissa is a working mother who chose to run yahoo! a certain way and, at the moment, clearly, shareholders are not happy with the way it's been run. when you are a public company, that's one of the dangers. cany: do you think yahoo! be revitalized with new leadership? ms. huffington: one of the great advantages of yahoo! is it is a hybrid. platform and it owns tumbler which is an incredible asset. more and more people want to express their views it more than 140 characters. you have an incredible toortunity to use tumbler allow people to use it as a native advertising place.
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we see this is for us definitely, one of the most important monetization channels. our relationship with goldman brandshich art different -- which are different brands, are create sections that one of the things of native advertising. emily: would you like to see yahoo! in the family at verizon? ms. huffington: absolutely, it provides us a bigger playground. emily: how have you liked working with tim armstrong and it do you buy into the idea to build a media and advertising giant that could compete wi google and facebook question mark ms. huffington:tim and i have now worked together for five years. inbought the huffington post 2011.
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it was a visionary act if you think about it. the shareholders vanished. they thought it was a foolhardy move. aol received two bids while they were negotiating with verizon to buy the huffington post for $1 billion. clearly, he bought it for $350 million. years, hes then four had an asset that because he invested in it, had significantly -- had become significantly more valuable. up when ibacked me wanted to take the huffington post around the world. our firsttastic from trip together a couple of months after the acquisition in london. we announced we would be expanding in canada and the u.k. we had the kind of first mover
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advantage of growing while nownally everybody is trying to do the same thing. emily: facebook is interesting because, we are seeing this trend where potentially personal sharing is down on facebook but people are sharing more news. ms. huffington: i am incredibly -- i'm an incredible believer in the faith of life. there is a winning combination here of life and video. i'm a big the lever in life. -- a big believer in life. it,way they are doing cheryl and died to the conversation yesterday and you suddenly have tens of thousands of people watching something and it's the right length, under 10 minutes. can facebook win if
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twitter is where you go for live. ms. huffington: they know that and they are putting resources behind live. they are launching a series called talk to me which is children interviewing their parents. we have a great one of travis kalani interviewing his dad. emily: that's wonderful. ms. huffington: it's all the children so you can have meaningful conversations rather than cute conversations. what you think about the rise of medium? is it a threat to online publications? ms. huffington: i love medium. what they have done is fantastic. conversation on stage at a conference. together. partner i'm a big believer in partnerships. i feel it has a future.
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grown isn we have everyone of our international additions -- a dish and's is a partnership. additions -- ediotions is because the partnership. you have the advantages of having a player involved that in -- that knows the market. think the techou industry in particular has such a problem with women? ♪
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emily: we have been talking about issues like diversity and inclusion in the tech industry and the fact that women and minorities are underrepresented. when it comes to things like culture and inclusion, when should companies start thinking about these things?
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should they start thinking about these things on day one? ms. huffington: i think so. moment, ifomen for a you really make diversity and hiring women and encouraging them to get to the top from day one, you are going to act in ways that increase the pool from which women apply to join the ranks. women, according to the latest medical science, process things differently. we internalize stress more. women in stressful jobs which i'm sure includes every job in greaterey, have a 40% risk of heart disease and a 60% greater risk of diabetes. you see a lot of women drop out. that is one of the things that needs to be stopped. i feel that is the next revolution.
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get to thee want to top of whatever world we are competing in but they also say we want to change the world. the way places have been sustained -- but designed by men have not been sustainable. emily: why is this just a problem with women in engineering and venture capital? there are just not enough. ms. huffington: i think the problem has a lot to do with the bernard conscience. it's important to look at the price we are paying for the way we are living. look at last year, how many executives we had collapsing either on stage like the ceo of bmw or on the treadmill like the ceo of united or jimmy lee, the head of m&a at j.p. morgan. emily: what to do? \ ms. huffington: they need to make it very clear that there is a time when work ends, meaning
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you're not expected to be on all the time. who work atpeople google and there is a green light meaning you're still on and there is competition. are you on all the time and that's supposed to be good? returnw quickly you texts and e-mails. it's barbaric -- it's a culture that's barbaric and honest to change from the top. that's what we do at the huffington post. when your work ends, you're not expected to be available. if there is something urgent, we will reach you but otherwise that's your time to recharge and return fully recharged to the office. emily: you started your own office, why don't more women start companies? ms. huffington: there is something about risk-taking and living in institutional barriers
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with personal barriers, we have a harder time being disapproved of or dealing with naysayers. we have this a voice that men have but women have it stronger than men. it is an up noxious roommate living in my head. it puts me down and doubts me. it questions what i did or what i said. it's very draining. when you start a new business, 3/4 of them don't succeed so you have to be more comfortable with failure. by a mother and a one-bedroom apartment in failureap saying to me is not the opposite of success. it's a stepping stone so success. -- two success. she made me feel it is ok to try anything and fail along the way.
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when i want to go to cambridge everybody said you will never get there because you don't speak english and we don't have money, she said let's find a way to get to cambridge. we knew it was unlikely and i probably would fail but that did not stop us from trying. thatwomen need to have sense that it's ok to fail along the way. you talk to every entrepreneur under the sun, is there anybody who has not failed along the way? emily: a lot of people blame the diversity problem in the tech industry on networking. people hire people they know. men hire men, for example. you are a close personal friend with sheryl sandberg. what do you think about the role of networks and the power of networks to empower women but also work against them? ms. huffington: networks have always been important from ancient times because we want to
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work with people we like. they can become a problem if we want to only work with people who are similar to us. when i was building the huffington post, i realized if we were going to succeed come i had to hire people what might not want to have been with. -- what might want not want to have dinner with. -- i had to hire people not of my age. i would know them in a deeper way than i would never know them. they are essential for our success in the same applies in any field. boss,even if you are the you need to realize you don't know everything especially in a .ast-changing world are we are constantly disrupting ourselves which is essential for success. emily: sleep is one of the great mysteries of science. you have written a whole book
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about it. this originated from your own wake up call. what happened?
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sleep is one of the great mysteries of science. it's something we still don't know a lot about and yet you have written a whole book about it. this originated from your own wake-up call. what happened question mark ms. huffington: nine years ago
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almost to the day, i collapsed from sleep deprivation exhaustion two years into building the huffington post with two teenaged daughters and is a single mom taking one of them around to colleges to decide what college she would apply to. i came back to my home office and i got up to get a sweater because i was called and i fainted and hit my head on my way down and broke my cheekbone. beginning of reevaluating my life. based onnizing that scientific findings, trying to hour sleep is not sustainable unless you're one of the 20 percentage come about 1% as -- in known scientific circles a short sleepers and they can get eye on that without any adverse effects but it's a genetic mutation. emily: so it's a real thing.
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ms. huffington: you can test yourself for it. i don't have it. need eight hours. every scientist will tell you that unless you have a genetic mutation, you need somewhere between 7-9 hours to be andating on all cylinders for your immune system to be strong's you don't get colds and other diseases for your cortisol levels to be lous you don't have stress in your body and your brain level for your cognitive functions to be at their best. emily: you are one of the most powerful women in the world. you found at the huffington post, you run 15 editions around the world. what about the little guy? you tell your boss you need to take a map? ms. huffington: if you have one of those bosses, it's important to manage your discretionary
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time, the time you have some control over. we all have more discretionary time and we acknowledge. " house of watching cards or co emily: in silicon valley, it's a cutthroat world and startups are trying to stay alive. you started your own company and you know how taxing it can be. how do companies manage this issue of overworked and under sleep when they are trying to keep the lights on? ms. huffington: that is the that bytal delusion working around the clock, you're going to be more successful. all the evidence is to the contrary. in fact, in order to be at your most productive and most creative and your most resilient, you need to have had a good night's sleep. that's when you operate at your best. today,alking to travis
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he said as a young entrepreneur, he bought into that much of delusion that he is not going to sleep and it will drive them into the ground. he joked and set i had failure after failure. realized i was much more effective, much better leader when i was fully recharged. emily: so you have not been shy about donald trump bragging about how little sleep he gets and how it's hurting his campaign. i'm curious, what if he becomes president? what does that mean for america? ms. huffington: he has been bragging for a while that he only gets four hours of sleep per night and he sleeps with his phone because he does not want to miss anything. ultimately, this lasting contribution to american life, he will be exhibit a of sleep deprivation because he truly portrays all the symptoms of the american academy of sleep medicine has described as
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symptoms of chronic sleep deprivation. an inability to process basic information, mood swings, outbursts of anger, paranoid tendencies, instability and finally, he actually went so far when he called on women who have abortions to be punished that he had to retract it and he does not retract anything. emily: maybe he doesn't become president but no one thought he would get this far. does it worry you? what if? ms. huffington: he got this far because of the media. the media did not do their job. they were starved for ratings and they could film hannah on any show, even the biggest sunday morning shows. they would never allow any other candidate to do. are you a hillary clinton reporter? ms. huffington: we are covering
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everyone. we believe that's our job. wes not our job to pretend don't have a strong position on a candidate who is completely beyond the pale like donald trump. emily: what keeps arianna huffington awake at night? ms. huffington: i am a neurotic mother. i'm working on it. i'm not saying it proudly. emily: aren't all mothers neurotic in some way? ms. huffington: i am particularly neurotic. if i text one of my daughters who are 24 and 26 and if i don't get a response within 3.5 seconds, i moved to major negative fantasy. i am confessing this publicly. i hope someone will provide some help. emily: what is next? this is your 15th book. ms. huffington: i am very
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committed to this campaign. it is much beyond the actual book. outreach to college over 100 colleges because i want to reach the millennial audience and have them understand that sleep is essential to their well-being and their grades and their careers. we have that campaign against distracted driving and air bnb so we want to reach a critical mass and change cultural norms. emily: arianna huffington, thank you for being with us.
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