it did not go back to newsrooms. the baltimore sun now has 160 reporters covering the metro area that has only grown. there are still people getting up in newsrooms saying that it is ok, they will do more with less. you do less with less. that is why they call it "less." [laughter] 1 the internet landed, the head editors of my paper still regarded it as advertising for their product. they made that mistake. these youngsters, they will surf the web and they will see our product realize they really want to subscribe to the doorstep version of the paper. they were saying that until a few years ago. i do think there is one last hope for journalism. they must -- we must find a way to charge online. we must create a new revenue stream for the product. with this has been easier before we visited the product? yes. it would have been a lot easier when the product was something substantial. it now does not resemble that in many markets. it will be easy, i believe, relatively easier -- it will be met easier for the national pap

what about those who still work in newsrooms? all these dynamics that have to do with shifting sands not only in the industry but the pressures of many people having to work more with fewer resources in the newsroom. a little practical advice for people who are still in the trade or thinking about coming aboard. >> you know, i really don't consider myself an expert on what to do if you're still in the game right now but one thing i will say that work for me as a word from the inside of a multimedia cents or i had a sort of a marketable skill in didn't even know i did was i manage not to get promoted for my entire career. [laughter] i started on the police beat, ended on the police beat and in some perverse way i parlayed the police beat into something that is a completely different media -- medium rather. there is something in this witches' mess. when journalism -- when i was in journalism school what they told us which was a lie that newspapers were going to become more sophisticated, more complex, beets are going to be more spe

perspective represented in the newsroom. now, despite what i have been telling you about how hard it the media tried to collect barack obama because of his historical significance, i want to make something very clear and i know i'm speaking truth to power in this group. it the media did not defeat john mccain. they tried it but they didn't defeat john mccain, john mccain and defeated john mccain. [applause] if you put up the two candidates on a split television screen, one of them was yesterday and the other one was tomorrow in the american people really vote for yesterday. george bush defeated john mccain immensely unpopular, got us into a very long war and, however, it turns out and we all pray that it turns out well, the american people not like long wars. the republican party defeated john mccain -- they took power in the year 2000, they have the white house in both houses of congress and they were the grown ups, they were the fiscally responsible ones and they spent money like imelda marcos in a shoe store. [applause] a

everybody, and we are going to open the newsroom this fall. everybody is going to work out of the same newsroom. it would work this way. if you are sent a cover of a news conference that the chancellor may be held or if you have done an interview with the chancellor, the first thing he will do when you come back to the newsroom, he will do a debris for the television station that will be shown that night or if it was taped, you will have some excerpts of that. then you will sit down and write a piece for the web. and then you will sit down and write your piece for the newspaper for the school newspaper that comes up the same day. i think this is where journalism is growing. as far as journalism training, basically what we are trying to do there is cross train, make sure that the people who want to be newspaper reporters have a good familiarity with broadcast journalism works and vice versa because i think eventually we are going to see everybody working for the same organization. i think, if there is a way to solve this newspaper problem that

what about those of us who still work in newsrooms? all of these dynamics that have to do with shifting sands and the pressure in many people having to work more with your resources in the newsroom? a little practical advice for people who are still in the trade or thinking about working here. >> i really do not consider myself an expert on what to do if you're still in the game. one thing that worked for me in a multimedia cents where i have a marketable skill and i did not know i

which is formed a new unit in the newsroom which is going to do just that, multimedia storytelling. people often ask me if i believe we're going to have printed newspapers and the future. the answer is that i do not know but they will be around for many years to come. i do believe that good storytelling will be around for as long as humans are honored. as i said earlier, we also believe that there will also be an appetite for quality journalism and fast, accurate insightful news and opinions. we can debate whether "the washington post" will also be on newsprint, but there is no debate that we will always stand for excellence in journalism no matter what the platform. there are two reasons i believe this. first, i really believe in what we do. that is to publish first class journalism that sheds light on the world around us and sometimes just helps us live our own lives or entertains us. second, i firmly believe that we've at "the washington post" are positioned to weather the storm and to take advantage of it to add about -- to evolve our business for the future. technology will be

we have 20 some odd and turns in the newsroom alone. what is interesting is, i'm going to go to a journalism school shortly -- the schools are teaching these kids could be -- to be multimedia journalists off the bat. they know how it be a journalist, how do video, at it, twitter. to some extent, people still care about what is going on around them and they want someone to interpret that for them. that is not going to go away. they recognize the industry has been a massive turnaround, but we still have great, young journalists across the board coming to us. >> i want to thank you for what you have done. not every day, the most days, i feel like an employee and not just a female at work. hmm did you have hopes of being a ceo, or did you follow your heart and fall into it? >> it no, i never had hopes to be a ceo and it never crossed my mind. i was traded to be a lawyer. that is what i intended to be. this was a happy accident. this is a family business, so i had advantages that other people did not have. no, really one thing led to another

what about those of us who still work in newsrooms? all of these dynamics that have to do with shifting sands and the pressure in many people having to work more with your resources in the newsroom? a little practical advice for people who are still in the trade or thinking about working here. >> i really do not consider myself an expert on what to do if you're still in the game. one thing that worked for me in a multimedia cents where i have a marketable skill and i did not know i did -- in a multimedia sense, i managed not to get promoted. in some perverse way, i parlayed the police beat into something in a totally different medium. there is something in this. . . beach would be more specialized. you would be assigned to cover something and you need to cover the web good magazine writer would cover it. they would tell us we would become more like magazines and magazines would become more like literature. that is what they said in the 1970's. one of my professors' work for upi at the time. this is where we were going. we were going to

the level of sophistication in newsrooms would have gone up not down and wouldn't be about juking some project of making a sound like you really hit a home run when you basically have a single over the second baseman eric instead you'd actually be increasing pavers capacity for doing great journalism. but you know, the gamesmanship of our award centric profession is such that that is not going to happen. >> altos like to know that i have never won one of those awards. helps my credibility. >> me neither the. >> is in your view that one of the turning points had to do with a concentration of media amongst shareholder driven companies? was that really what changed in the time span you have been rising? >> the chains of publicly owned newspaper companies run by businessmen, not by people who come up to the newsroom, completely divorced journalism from its original mission and made it to a profit center for wall street. and a very quickly came to the conclusion and they were correct that we can make more money in the short term by putting out a lousy product and by putting out a good produ

apertures of -- advertising is not assist -- substantial enough to sustain the size of the boston globe newsroom. the answer is finding enough to make the operation sustainable. we will figure it out. rupert murdoch will figure it out. someone will figure it out, and we will survive. >> let me just add that there is now a huge demand on the part of american people to have content. there is no lack of that. they want to read stuff. they want to read news. there are a lot of poor websites that you would not go to to get information. there is strong demand that will not end. the question is whether it will be paid for somehow. the magazine publishers, also edited publications and written for them, i am interested in staying in business. the physicality of the product, i don't know that date will remain the same. as a publisher, i have to buy a paper from every magazine i publish. i don't have to do that on line. i do think we are in a revolution of sorts. i was out at stanford last week talking to the librarian, and all of the old books from centuries ago, and the newer ones they are putting right

internet advertising isn't substantial enough to sustain a news room the size of the "washington post" newsroom or the st. louis dispatch or the "boston globe," so the answer is finding enough money to make that -- to make the operation sustainable. and we will do that and figure out and maybe rupert murdoch with figuring out or arthur sulzberger or maybe don graham, but somebody will figure it out and we will survive. so you can all read easily. [laughter] .. as a magazine publisher who has edited publications and written for them i am interested in staying in business but the physicality of the product and have to say i don't know it is going to remain the same. i don't know we'll be using paper or by paper. as a publisher i have to buy paper for every magazine and published and i don't have to do that if it is an online version 4i charge money and people are willing to pay for it. i do think we are in a revolution that is a much larger thing then just the news industry newspaper magazine industry. i was out at stanford last week talking to the head librarian and their digitalizing everything

yes, the publicly owned newspaper companies run by businessmen, not by people who come up to the newsroom, completely divorced journalism from its original mission and made it a profit center for wall street. the very quickly came to the conclusion and they were correct that we can make more money in the short term by putting up a lousy product than by putting out a good product. let us cut the staffing -- think about the idea of a buyout. that was the operative way we reduce ourselves as a profession. that shows you the content that we have for our own product. you need a reduction in force because somebody at the head office says so, layoffs. signore, -- do it by seniority. take the young guys who have not covered that beat for 10 years -- do not take the institutional memory of the paper. the people would take the buyouts, they have an option -- someone is saying,, work on a television show or getting a book option. the people who took the first six of buyout at the baltimore sun had options. not all of them. there were some good people tuesday because they really wanted to stay. but b

the disappearance of another newsroom or whatever, that is a net loss for the american people, no question about it. >> i am very concerned as well. i think it is almost a perfect storm for the broadcasting. it is an unprecedented downturn in revenue due to a number of different trends in the economy. all, together at the same time as the cost of the digital conversion, and this is one of the tragic consequences for the viewers of those stations, that they are going to lose those signals. i think it is very unfortunate and i'm not sure it is the last we are going to here on broadcasters shutting down, given the difficulty of the industry unless the economy turns around pretty quickly. >> i am very concerned. i think it's actually just the beginning of what we might be hearing, more bad news coming over the horizon. if you think many broadcasters rely on auto dealers for about 30% of their ad revenue, and now we have thousands of auto dealers being shattered all across the country, i think it is going to cause a new wave of pain for broadcasters all across the country, so vocally, going for

cases the perspective of a vast chunk of america whose perspective sometimes don't get into the newsroomsin manhattan. and getting actively getting e-mails from news executives during the past campaign saying hey, i1 you to know that news story that ran last night, without me planning about it, we think it was biased, too, and we are constantly working to get more -- i hear that actually from all network executives and a lot of, a lot of newspapers, too. so it's nice being a strange man in a strange land. ..

everywhere in the newsroom i went, i said, you know, there's something wrong with this story. how dare you? it's the "how dare you?" i knew there was something sacrosanct about questioning these charges. this should raise questions. but how did i know? i didn't know. i thought, well, maybe the prosecutor knows what he's doing. so i asked to meet the prosecutor. glen goldberg (ph) was his name. and he was happy to meet with me. why? because i was no liberal person. i was a grown-up woman with a fairly conservative writing credentials. and he told me how much evidence he had against her. it was nonsense. he followed me down the stairs after i raised the questions and he said, by the way, now i'm going to tell you the real evidence i have against her. what was that, sir? he said, she didn't wear underpants under her jeans. imagine. i said, and what did that mean? he said, don't you know? that was the kind of evidence. c-span: how did he know? >> guest: they arrested her, and i guess they found out. but the other thing was, they sealed the transcript. what are they hiding when the

it wasn't the capital markets that sat in a little annex quite a long way from the main newsroom, and most of the capital markets coverage was on page 423 of the ft. in fact, one person when i said i was moving across there pointed out to me because i'd just got pregnant, that going to capital markets would be great for a new mom because it would be quiet, nothing ever happened. [laughter] i kid not. one of the first things i started to do, and this is where the story of the jp morgan group comes into being was to go down to nice to attend the european securitization forum that they held once a year. so i went down and walked into the center in nice, a great big bit of french architecture, and into plush velvet-seated conference room to find out what was going on in the credit world. and that scene that i walked into, i remember it very clearly even today, felt almost immediately like walking into a strange new sort of alien jungle, if you like. there were a bunch of people walking around in smart casual, lots and lots of loafers and chinos and things, there were lots of people talkin