and radhika jones is the editor of "vanity fair."the "new york times" and at "time" magazine before taking over the magazine. it is so good to see both of you. thank you for being here. let's start by talking about this business model. it used to be that newspapers, broadcast outlets sold advertising and people bought things. and somehow there was enough money to pay newspaper and broadcast reporters' salaries. gregory moore, what do we have now? >> well, you have a lot of uncertainty. google and facebook really changed the advertising landscape. they gobbled up somewhere in the neighborhood of 90 or 95% of the media advertisin and so local news organizations in particular have had to go looking for other ways to sort of finance the collection and dis sem dissemination of news. where have new foundations owning and supporting news operations, to taxpayer-supported formulas that will work, corporate donations and things of that nature that 15 years ago we wouldn't even look at. but i think we have got to find a new model. the advertis