why did you want to do this for aol?ieve in content and we believe in video and we believe there is a new moment in reality television that is about stories and characters and this show is full of great stories, great characters. it is about relationships. we think there is something in the show for everybody to connect to and we think there is a certain genre of reality that turns into conflict and throwing tables -- betty: the real housewives? taking aim at the cable networks? >> maybe i am. maybe it is time to tell better stories with better characters. morgan: this show raises the bar for what nonfiction television and the promise of what reality was back in the day should really be. people are -- betty: you think it works better for streaming? morgan: we believe in ott come over the top. i don't think the consumer cares how it gets there. we don't break the world down in terms of digital or analog because we don't think you missed it down that way. they want to watch on every screen they have. we are on 16 devices.

the two executives behind it aol c.e.o. arm strong and -- talk to me about why you're taking this big step here? randall: the digital technology, media, advertising marketing industries require just a better and higher performing work forest and continuously improving work force. in order to get that continuously improving work force we have to be more open to the constituencies that make up our marketplaces, our audiences here in the united states and abroad. you've got to represent the people you work for and we don't. and so if we're going to have a better work force we have to be open to higher degrees, much higher degrees of gender diversity, ethnic diversity and also kind of economic advantage and disadvantage diversity. cory: talk to me about that, we want to provide opportunities for people hiring is hard and you want to expand your talent pool. but there's the issue of how your business changes because you understand the people to whom you're trying to advertise. >> the big -- the big thing is how do you have your

aol ceo tim armstrong and iab ceo randall rothenberg stop by as part of the national listening tour.a listen. >> the technology, media, marketing industry require a better and higher performing workforce. in order to get that continuously improving workforce, we have to be more open to the diverse constituencies that make up our marketplace. our audiences in the united states and abroad. we have to represent the people you work for. we don't. we are going to have a better workforce, we have to be open to higher degrees of diversity, ethnic diversity, and also economic advantage and is advantage diversity. cory: you want to provide opportunities for people obviously hiring hard, you want to expand your talent pool, but there is the issue of how your business changes because you understand the people to whom you're try to advertise. >> the biggest thing for us is that it is how do you have your workforce represent consumers and customer bases. if you look across the tech industry, most companies are not representing the consumers that they are touching or need to touch. as much as dive

it's an exciting time in you lived through aol years.or some companies that are still private do you say i've seen this movie before? >> yeah. and it's bifurcated. there's some companies that have high valuations and if you pencil out how they're going to make money and make money it all works out. some companies that get usage, viewership eyeballs whatever you call it for the life of me i don't understand how you'll ever make money and they have high valuations i'm think what happens at certain points we went through with the dotcom bust people that had a business model survive, look back ten years late they thrived. look at people who had free isps, they go why pay $20 to aol, i give it to you for free. the minute people said show me earnings, there was no way companies could make money, they disappeared. i think we'll see a cleanout along the way. but at the same time i don't think everybody will be tarred with that brush. real winners will probably benefit from clearing out the underbrush. >> good to see you. bob pittman joining us t

couldn't make any money off aol. business, you have to have a defensible end. you can't say this is a neat idea. melissa: you weren't really fired. i had 30 minutes to fill my box. >> same thing. aol.com i lost it. >> okay. it wasn't a bankruptcy. there were no bills left unpaid. it was pretty ugly at the end. >> great thing that can happen. every kid needs to learn that stay humble stay hustling. you never know when you'll wake up -- melissa: and you will survive. >> you'll lose through it. and i'm so fortunate. totally. >> day is still early. you can still get fired. >> some other show. melissa: there we go. that's all we have. hope you're making money today. liz claman is here with "countdown." take it away. liz: thank you very much. breaking news at this hour. summer interest hike, one step closer. june. kansas president esther george pushing for that. in the text of the speech that she's worried that waiting any longer will leave the fed, quote, behind the curve and force it to raise rates more frantically in th

"hey, jimmy, remember how on aol when you'd log in that voice would come on and say, 'you've got mailr what it'd sound like if that voice said different things. can you make that happen?" i remember that. well anyways, we found out whose voice that was. it's a real guy. and we asked him to come on our show. so ladies and gentlemen, please welcome the actual guy who recorded the "you've got mail" sound for aol. elwood edwards, everybody! ♪ [ cheers and applause ] elwood! [ cheers and applause ] elwood! thank you for coming on the show, elwood. now to prove that it's really you, can you say the classic "you've got mail" line? >> welcome. you've got mail. ♪ [ cheers and applause ] >> jimmy: that's worth the price of admission right there. that's enough, yeah. now we've got some other phrases we'd love for you to say. so whenever you're ready to read the cue cards. >> uptown funk. [ laughter ] adele dazeem. [ laughter ] dat ass tho. [ laughter ] files done. good-bye. [ laughter ] >> jimmy: files done, thank you, buddy. files done. [ applause ] files done. i forgot about files done. that's

we're the people that are still on aol. we're the amway salesmen. we're the people who sell amway to the amway salesmen. because, you know, it's a pyramid scheme. >> we honor those who walked so we could run. we must run so our children soar. >> larry: hmm... that quote sounds familiar. where have i heard that? (rap music) >> rosa parks sat so martin luther king could walk. martin luther king walked so barack obama could run. barack obama ran so all the children could fly. >> larry: wait. obama, did you just sample jay-z? (applause) that's what it sounded like. look, this bromance has gone too far. we get it. you like jay-z, but you're making an important speech about civil rights. focus. how did that speech-writing session go? "let's see. i've got a bible reference. i've quoted emerson and whitman. i feel like i'm not keeping it real! you know what, let's replace that dr. king quote with dr. dre. is everyone okay with that?" "mr. president, you might want to quote jay-z, too. you've got to show love for the west coast and the east coast." "that's r

i saw the aol profiles and away messages. i saw that in the websites people were building. i really loved that expression, that identity. the idea this could be a place to create something that represented you. >> you dropped out of high school when you were how old? >> after my freshman year, when i was 15. >> you were homeschooled. >> computer science education in high school, at least in new york city, 14 years ago when i was in school really did not exist. it just didn't back then, it just wasn't in high schools. now it is there in a huge way. kids are learning to code in grade school. i always insist that you stick around. if you have that stuff at your disposal, hang out and spend time with teachers who are proficient and can help you get started. that is something i did not have. >> i spoke to many founders who dropped out and made a lot of money. they have founded amazing companies, and they don't recommend anybody do what they did. >> if i had access to a computer science education when i was in high school, i would have stuck around. if you can find it there, stic

. >> aol instant messenger was the big thing, 1999 2000. so screen names would start popping up.sey is a gorilla. shave. hairy. they would make anonymous screenings. i would just -- the second i blocked one, another one would pop up. and it was kind of this constant bombardment. >> people anonymously picking on you, one by one. you had no idea who these people were. >> no. you have an idea based on who's saying more things at school and stuff like that. but no there was no way to know who it was. >> reporter: it didn't stop there. her tormenters created a website about her. >> it had my picture, my school picture, from the yearbook kind of copied on top of a gorilla body. they would fake journal sbreels that i had written. like, "today i thought about shaving my arms." "today i thought about how many bananas i could eat at one time." "today i thought about bringing a gun to school because nobody likes me." >> reporter: she told her parents and they were successful in getting the site taken down. but in spite of that, things got worse. >> it actually didn't stop until i left that

i think aol was the last one to talk about million-dollar babies that are just too expensive.on't think it is in any way reasonable to think of it that way, but if we can prevent those costs by addressing the causes early, that is a lot of money -- a lot of money saved, and a business model for a company like glow. emily: so let's talk about affirm -- this is where you are spending most of your time -- trying to become the modern bank. max: it is going really well. the best question to ask is how many softwares there are in the eating the world. and your atm is literally a green screen. if you are buying something online and you don't want to put it on your credit card, don't want to carry a balance, if the merchant chooses to support affirm, we will literally let you split your purchase into several monthly payments. emily: we all have credit scores. will there be an affirm score? will that replace -- max: there is. there already is. that's what we use internally. i feel like we are helping to push fico and credit scoring, credit underwriting, into the 21st century. emily: yo

he is cofounder of aol and current chairman and ceo of revolution.ond john. he is ceo of fubu. he also sits next to mark on "shark tank" and he's involved in a new digital jobs push with capital one. we're going to get to the jobs aspect in a moment but steve we're hoping you can talk about mark's communityents. whap do you think? >> i don't agree. right now less than 1% of americans are investing in these angel networks. and particularly if you go around the country although there's a lot of capital and froth in places like san francisco, new york city or boston, sort of the tech hubs most of the country are in need of capital. most need those angels in their communities to support them. i'm hopeful there will be manufacture people who are supportive of these young start-ups. not all will be successful. most start-ups fail. but some will be successful. and some of those little companies will be the big companies of tomorrow creating the jobs and the growth for the communities and for the country. so i'm bullish on it. mark may be skewed by the circl

i'm still on aol. and it's a lot faster than was previously. and should hillary clinton be impeached? >> yes, of course, always. more than once, yes. sevl several, several times. and we find all of this about from a hacker. very easy for us to find and you think your private emails have not been hackd and i'm assuming she's going to say it'ss safer there with her and also saying you don't trust having a government doctor's. that doesn't look good on you or the government so you're not a person i trust going into 2016. >> and they used a server called harvester and they did penetration testing on her. >> wait let's hold on to that. we'll be right back after a word from our sponsors. >> and some people are saying that she's just wethering the storm waiting for right wingers to go too far and make it a bigger deal than it. will the clinton strategy work? >> it has before. >> i think her not saying anything is making her look bad. >> she did tweet. she sent one tweet. >> she said she would give the email to the public. that's admirable. i would nev

in a few minutes we are going to hear from the co-founder of aol.u.s. economy and just on the start-up industry. and speaking of startups. famed venture capitalist bill gurley sounded the alarm at south by southwest over the weekend. he's warning of major risk happening in silicon valley right now. we'll have details on that. and the clock is ticking down to march madness. our guest brings us the winning formula for picking the perfect

cory: we've seen a long history of aol, yahoo! and google trying to organize our news for us.is effort different? >> it is different. google news is one parallel that brings in many new sources into one searchable database stop the differences once you find out the news, it sends you to a link to go to the website. the difference here is they want to keep the entire experience within facebook and that's why there has to be a business deal and that's why companies like the times are interested in getting that trade-off. cory: it seems idiotic if the publishers are handing over the keys to the kingdom. if user habits form around facebook as the gatekeeper facebook can determine exactly what the future of pay will be for these media outlets. >> i think you are right and that's very risky. any publisher going into this will want to look into what kind of results it's producing both financially and in terms of user behavior. news organizations have been thinking about that -- retaining the customer attachment point. at a certain point, does that become a losing argument? a lot of p

you'll aol centered on air strikes, egypt has sent four ships through the red sea to help secure the gulf of aden. this strategic port is crucial. ready to take a ground offensive with sudan and jordan pledging the same. the united states says it is providing advisory and logistical help. it is not clear if it will allow saudi airplanes to use its strip in djibouti. if ground trips will be deployed, little is known about the military capabilities of the houthis, except that they're a well organized force that is backed by another regional heavy weight iran. >> we are joined by retired affairs colonel cedric layton. as we know, the saudis have 150,000 troops poised at the border. most importantly do you think it will work? >> well, i think it is possible randall that they will in fact do something on the ground. air power has a way of softening up things first and then, there is a need to come in and to do things on the ground, in order to effect real political change. i think they are going to run into some significant difficulties though. the northern and western parts of yemen are

i am still on aol. >> i have dial up though. >> that's grandmas who are getting ripped off. >> it is a lot faster than was previously advertised. joanne, the most important question that has come up so far, should hillary clinton be impeached? >> of course. always. >> more than once. >> several times. we can impeach several times right? it is nuts that we find all of this out about these various accounts from a hacker. and you think your private e-mail have not been hacked? like yours are safer there with you? i'm assuming that's what she is going to say that it is better with her. so you don't trust having a government address? it doesn't look good on you or the government so you are not a person that i trust to go into 2016. >> and these white house hackers used a service called the harvester. they went through and harvested harvested -- and they did penetration testing on hillary. >> whoa, whoa, wait a minute. let's rerack that. we'll be back after a word from our sponsors. >> what? >> some people say that she is just weathering the storm and waiting for right wingers to go too fa

. >> the questions with respect all posed that aol of the people have, but honestly i don't think necessarilyt she's equipped to answer some of them. and i say that as a business owner who at one time for many years thought a server wiz still somebody who brings my food to me in a restaurant. so as i said before, she's not going to work for google any time soon, and this is going to go on so i think more questions are going to be asked, more answers and more scrutiny. >> she did some right forward, in had been ailing days so no doubt, mark she consulted with a lot of attorneys and other folks about this whole thing. >> these are the clintons after all and they don't do anything accidentally or at least in the mop up they know how to handle it. the fact that she even mentioned yoga, which is an image that i'm trying to get out of my head and her mother's funeral. all of that was calculated, it's what they do. we eshouldn't be surprised about it. >> shouldn't she be able to answer who set up the server at her home? >> one of the questions i think both democrats and republicans have, a lot of am

apparently you don't have to be on e-mail or aol.ou can set up your own server and hillary clinton as she was secretary of state created a whole separate reality where she can decide when and if and what she was going to release to anybody asking for it. in fact, she was the only one that knew what it was. doesn't that give her the power to decide what government business she is going to share? doesn't that give her the discretion that most public officials don't have anymore? >> lots of public officials set up their own server. >> jeb bush did. >> he wasn't secretary of state. >> you think it's okay for her to keep it all private? >> yeah, absolutely. i think that she should be able to disclose things that ought to be disclosed and keep things private that ought to be kept private. >> i think she should follow the letter and spirit of the law and that's what i think she's done. >> i'm asking you, do you think it's okay for a public servant at the level of secretary of state to carry on official correspondence? because that's the opt

. >> a set of identity aol twin brothers gearing up for a mission for mark, the mark and scott kellyudy looking at the effect of trace pavilion the human body. the husband of gabrielle giffords. the twin will stay a year on the space station much the big difference will be their heart scott will be taller because he will not deal with gravity. and he is set to launch on friday. >> a family in gaza is raising eyebrows for choice of a family pet adopting two lion cubs. the father bought the cubs from a local zoo and right new they are 2 1/2 months old and the father admits knows they will be dangerous but right now his kids and the neighbors love playing with the curbs so he said "what's the problem." not sure about their equivalent of child and protective services... >> incredibly strong. >> we have guru -- furry friends of our own. >> so execute! we have puppyies brought to us by the friends of alameda animal shelter, and the san francisco spca for responsible adoptions. >> a hockey game just broke out. >> checking. >> checking the boards. >> you can see #puppieson7. use that to twee

aol. >> i don't know if anyone has my personal email at work. >> i can find it. >> you better make surehey are laying off the juice boxes. the us department of agriculture now weighing children as part of michelle obama's push for healthier school lunches. this is both public and private day care centers. they're coming. take their height and weight. then what? >> they sent notices to the parents last year that the kids were overweight. the kid got home and opened the mail and it destroyed them. it was terrible. >> these are kids who can't even read yet. >> this is terrible. i have a 22 month old it's terrible. >> they say it's about controlling the food and the amount of exercise inin the day care. there's better ways to do that to weigh and measure the kid. >> just over the weekend i was in mississippi giving speeches. folks there are fired up last week, michelle obama was going after sweet tee. you don't mess with the house wine of the south. >> this is why conservatives are angry that jeb bush, for supporting national standards like common core. you get the impression that the gover

google is threatening to wipe out everything from the yelps and the tripadvisors to the aols and the yahoo!s. just like the recent articles about the antitrust articles this company can cause other franchises to crumble. so it's them -- >> house of pleasure. >> and enemies -- >> the house of pain. >> how about facebook? in this market facebook has been promoted to the four star general all of a sudden, but it's based on facebook destroying value of a lot of other companies. today we learned they're fashioning us own news service and carrolling important media darling but many institutions have built their rosters via shrewd use of facebook. facebook wants to build a better user experience that's fine if you have an ad supported business, but with a pay wall it could be hurt by this. that's not a general. it's an eviscerater. same goes for facebook's banking initiative or its nfl sports initiative. could facebook be the ecosystem you never have to leave? that's bad for virtually every other media company, period. it's a general without portfolio. finally there's twitter. here's a stoc

>> it was the massive aol time warner deal. that was a $200 billion deal. don't think that this is up until we see some mega deal and to me this is a company that is executing okay. we know that they're well situating in the mobile micro processers. i think that intel and quallcomm should link up. there's no shortage of deals, but these two should link up because they have things outside of each other. >> i can see making that argument three months ago and now that the china issue seems to be resolved, does it need to do this anymore? >> that's a long time. it -- i think that it's the wrong time. don't mean that it will not happen. now is that the time that i want to pray. i want to reestablish myself and get the china headline and get it in the rear-view mirror and then go forward. for them, it's not now. >> yeah, i agree with guy. i think that's a sign like you talk about. getting together and i think that would be one of the mistakes now. i think that quallcomm can survive. they have a balance sheet. >> yeah, they have a beautiful balance sheet, but they

his firm also has a stake in aol which last fall encouraged to combine with yahoo!ething they are not talking about as much recently. and recently settled differences with the human resources services provider insparity after the company agreed to an evaluation. and he's taking a quieter and sometimes more collaborative approach to defend their corporate targets than their predecessors with corporate targets, like dan lowe or carl icahn. and jesse cohn has been prolific handling three dozen activist campaigns since joining elliott in 2004. these range from emc corporation which recently appointed two new directors to juniper directors that recently did something similar. and they managed serious money, john. starbucks deploys $4 billion in capital overall and cohn has a slice of elliott's $25 billion pot to work with, but the firm will not disclose how much is given to activism or technology. >> kate kelly with the new slate of the young and the restless. of course, kate will deliver more in the hedge fund conference on july 15th this year. to register, go to delive

you need only look at jpmorgan chase anthem blue cross, target home depot aol heartland payment systems and on and on to see that system does not work well. when companies like jpmorgan chase phil reese -- fairly well-resourced can't solve this problem than we have a real problem. it has a lot to do with the human factor. if you think technology will solve your cybersecurity problem then you don't understand technology and you don't understand security. at the end of the day many these problems come down to a human factor. that's something that is really broken. often it is where the hands me the keyboard that the problem occurs. if you get an e-mail from a nigerian prince that says congratulations you are the one person on west 46th street that i trust from the nigerian industry that is not a technical technical -- technological problem. there's a name for it. they call it picnic. problem in chair, not in computer so there is a picnic problem we need to deal with. even beyond that there's a massive dysfunction between the i.t. shop of any organization and its users. think about that te

in the tech bubble it was broadcast.com, aol, net scape, today it's uber, twitter facebook.hy is this bubble far worse than the tech bubble of 2000? because the only thing worse is a market with no valuations and no liquidity. why is he wrong? >> i think he's wrong because those companies that you happened to name right there, are companies that were all using every day of our life. so i -- we're standing over here a few minutes ago talking about uber and how many haves used uber to get to work and surprisingly or not surprisingly people used uber to get to work this morning. we're using these companies, these companies have become part of our everyday existence. we depend on these companies, we rely on these companies. these companies have real cash flow. they have real ability to grow and they're showing you how they can grow, how they can create market share, how they can disrupt and grow in size. and we can't live without them. you know, when we hit that button, we expect that car to show up and we get in and go where we're going. when we go to that drop box page and we

one thing i do want to correct you're not allowed if you use a government device, you cannot put your aoler account on there. you can only use that device. if you have a personal account, you have to do a personal thing. >> she could have both an iphone and blackberry as she does today. it's hard to believe nobody explained that to her, joe. >> after she was gone, yeah. >> maybe no classified information. but what about the sensitive information that was clearly going to be in her e-mails and her potential compromise of it? >> we're going to see all those. that's what i'm saying, this isn't going to get decided today. we're going to -- the state department's going to read them. we know trey gowdy's going to get them. they're all going to be in the public domain. >> what about the ones she deleted? >> the personal things like chelsea's coming over for dinner tonight? >> we don't know if she deleted anything that was half personal half professional. what she said is we didn't delete anything when we were printing out those 55,000. >> the people who believe in her are going to give her the b

it's the next broadcast.com, next aol, next net scape and get people to part with their money.the case that today, it's exactly the same, when you come to some of these, you know, the private market that we've talked about, a lot of the names there with these big huge valuations, with folks saying yep, this is the next twitter, the next facebook, this is the next uber, legitimate companies that are creating an even bigger bubble he says now than back then. what's your thought? >> i think i agree with him. i think there is some legitimacy to it, though, because the ubers, the airbnbs, those type of companies have proven to be hugely powerful disinflationary forces by bringing supply on to the market. but the valuations as a result of that have gotten quite stretched. and, you know, as you hear more and more of our private clients asking about those investments it certainly indicates there might be froth, idiosyncratic froth right there. i would compare and contrast that distinctly to the public markets and use the nasdaq 100 as an example. while we're at the same price levels th

. >> one thing i've been trying to find out all day, if you have a private server not like g-mail aol, but she had her own. it was a clinton something or other. does that mean you can always get that -- when you said you can keep it on your own e-mail but it had to be retrievable. if it retrievable? can you delete delete delete whenever you want? >> as a public official she should never delete delete she has to keep everything just for posterity's sake, for herself. this rule is kind of murky. what she should have done if there was e-mail from a private server she should have forwarded it to her state department account. that's what's happening. josh earnest said in the briefing, look many of you still have my personal e-mail account. but what i do is to make sure everything is on the up and up, i take it and forward it into the white house ngt. so it's not just about the server. it's about what she didn't do. >> but legally, how do you know -- okay, you get going here. if you're her worst enemy and you don't trust her, how do you not know she didn't do some e-mail traffic that she wo

alix: we need more confusing -- bo: aol has been doing at the past few years, just buy a lot of stuffntants get confused and you have a $3 billion market cap. alix: all righty. getting ready to kick off another trading week. i want to bring in a fund manager at rbc global asset management, who oversees $1.7 billion and is heavily focused on emerging markets. welcome. >> thank you. alix: let's start with china. did you expect the latest rate cut? >> we were expecting some cuts for the past few months. china has been slowing down dramatically. only year ago we had 10% growth then 9.5. there has been a lot of questioning around that. we are actually quite positive on the slowdown of growth. we think we should not be afraid of it. it is rebalancing of the economy. china was growing fast but it was mainly on cheap exports, and more recently on this huge increase in credit. that was not sustainable. china wants more consumption and a higher value export. in order to do that you can have a phase where growth is going to be a little bit slower. what they are going to do is they are going to m

you need only look at jpmorgan chase, anthem blue cross, target home depot aol heartland payment systems and on and on and on to say that that system doesn't work particularly well. when compass at jpmorgan chase, fairly will resources compared to your mom or your uncle, can solve this problem, then we have a real problem. here's why. it has a lot to do with the human factor which is why say this is a services problem. if you think technology will solve your cybersecurity problem then you don't understand technology and to don't understand security, right? at the end of the date many problems come down to the human factor and that's something that's broken. often is where the hands meet the keyboards that the problem occurs. so if you get an e-mail from a niche here in france that says congratulations, you are the one person on west 40-60 that i really, really trust to exfiltrated my billion dollars from the nigerian ministry of energy and you buy into that that is not a technological problem. there's a name for it it's like, they call it picnic. problem in chair not in computer. [laught

mario: time warner already spun off aol and the cable business.he cap like a lot of the companies to build injured the value. the next step is obvious. does he by ce -- does he by cbs? all of that is in the process. tom: where's the catalyst to jumpstart mr. mucus -- mr. bucus in that process? mario: i think in general it has already started. he is clearly aware of what is going on in the global marketplace. tom: thank you so much. we appreciate your comments before the 8:30 a.m. conference call. olivia: time now for the twitter question of the day. can 3g actually turn around kraft foods? here are some answers. steve forbes is still with us on set. what is your take? we know sales at kraft foods are flat and earnings are down. think about the combined purchasing power that kraft foods and heinz might have and it's not all about a flashy call. steve: and they still have a great brand name. can they come up with new products yet one thing that is very hard for incumbent companies is doing the second act. with the mcdonald's going through it today.

aol. we'll be happy with any of those. apparently no e-mail. >>> potential presidential candidate jeb bush spent the weekend in iowa looking for support. >>> following the weekend of 50th anniversary events to march the bloody sunday attack on voting rights marchers a march gets under way today. 20,000 people were in selma on or near the bridge yesterday. police attacked marchers in 1965. speakers at this weekend's events included president obama, who said no doubt, progress has been made. more still needs to be done to ensure social justice. >>> another community on-edge after a police shooting. candlelight vigil last night was a tribute to tony robinson. the unarmed black 19-year-old was shot to death by a white officer. political leaders in madison are calling for calm. and so far, wisconsin's capital city has avoided the riots and looting that hit other communities after police shootings. authorities say the police officer was attacked by robinson. >> he loved his family. he loved his friends. he was never, never hurt

." -- aol teamed up with morgan spurlock. signs of progress today in the iranian nuclear talks.

he showed how aol used accounting to fuel the merger with time warner. he taught journalism at weslyn university. larry, pro-pub lilica seems to be all of the talk. how are you funded? who is your audience? and what is your overarching mission? >> thank you. i appreciate being here with the consumer federation and the panel. as the lone editor i am the man out kind ofism. we are a non-profit media room that started a fears ago. there was a fear among many of us at the time a couple yours years ago that the traditional media measures would not be able to devote the amount of resources into the way of investigative reporting in the sense of reporting that takes months to produce. at that time a lot of different kind of elements of the news system started to spring up. pro-publica raised money from foundations and individuals and build over the last 6-7 years a newsroom of about 50 people focused only on journalism and the public interest. and that of course includes a big sloth of reporting on consumers and on how abuses of trust, fraud and what we bring t

at the "washington post" business director, he directed an investigation showing how aol misuse accounting the few its disastrous merger with time warner which one the gerald loeb award. he taught journalism at wesleyan university and graduated in new hampshire. to larry, first of all propublica seems to be the hottest discussion item among research and polling communities. so what in the world is propublica? how are you funded? who is your audience? what is your overarching asian? -- what is your overarching goal? larry: thanks, jack. appreciated being here with the consumer federation and with this cluster's panel of reporters. as a lowly editor i'm somewhat , of an odd man out, but propublica is a nonprofit independent newsroom that started about six years ago. and that was in the midst of the real upheaval in the way the internet was changing the news business. there was real fear among many of us at the time that the traditional news organizatio