bill quoted dwight mcdonald. it was a good quote. what was it? the principle point of contact with the real world. >> from his generation represented the principle point of contact with the real world. >> he was light in the loafers? >> i knew him. he touched the ground with one toe. >> fred, tread on the ground lightly. >> fair enough. >> i think that the times probably was that in those days, but in those days, the times was occupied a much, much larger space in the journalistic universe, in the civic universe than it occupies today, and this is another point i'd make that's not necessarily direct rebuttal of bill, but is a point that i think is very important to keep in mind as we have any discussion about the media in the united states today. there's no more oracle in our media culture. that's long gone. it's dispersed the power and influence is spread around. fred said, you know, huffington post is worth $315 million. the daily beast bought "newsweek," a two-year-old website bought "newsweek". there's no more walter cronkite who can say in 1

bill quoted dwight mcdonald. it was a good quote. what was it? the principle point of contact with the real world. >> from his generation represented the principle point of contact with the real world. >> he was light in the loafers? >> i knew him. he touched the ground with one toe. >> fred, tread on the ground lightly. >> fair enough. >> i think that the times probably was that in those days, but in those days, the times was occupied a much, much larger space in the journalistic universe, in the civic universe than it occupies today, and this is another point i'd make that's not necessarily direct rebuttal of bill, but is a point that i think is very important to keep in mind as we have any discussion about the media in the united states today. there's no more oracle in our media culture. that's long gone. it's dispersed the power and influence is spread around. fred said, you know, huffington post is worth $315 million. the daily beast bought "newsweek," a two-year-old website bought "newsweek". there's no more walter cronkite who can say in 1

bill quoted dwight mcdonald. it was a good quote. what was it?principle point of contact with the real world. >> from his generation represented the principle point of contact with the real world. >> he was light in the loafers? >> i knew him. he touched the ground with one toe. >> fred, tread on the ground lightly. >> fair enough. >> i think that the times probably was that in those days, but in those days, the times was occupied a much, much larger space in the journalistic universe, in the civic universe than it occupies today, and this is another point i'd make that's not necessarily direct rebuttal of bill, but is a point that i think is very important to keep in mind as we have any discussion about the media in the united states today. there's no more oracle in our media culture. that's long gone. it's dispersed the power and influence is spread around. fred said, you know, huffington post is worth $315 million. the daily beast bought "newsweek," a two-year-old website bought "newsweek". there's no more walter cronkite who can say in 1958 h