why do you think he's buying "the post"? >> i think it tells you about the scale of the ambition this generation of entrepreneurs have. i don't think they're simply interested in building huge businesses and dominating markets, they want to actually change the way we do things. and if it can be done better, it should be done better, is sort of the mott the toe of the geeks in silicon valley. and i think for me as i reflected on why bezos would want to do this, some of the things you mentioned came up, the fact that he wants to go into space. the fact that he wants to go into the future with his clock. and in some ways with "the washington post" what he's doing is buying this connection to the past as you emphasized in your intro. so, for me, what stands out about this purchase is this is a man who wants to do a lot more than sell books and garden tools to americans. he wants to change the current of his time. >> and, john, you had this post at the "new yorker." the sale is based on what he can do for "the post" and this long-

some of the blame is on the "post" itself. the bigger picture is that newspapers have been falling everywhere. that hastens the need for, whether it is "the post" or "new york times," to exploit readers and a smarter way without giving away content for free but not turning readers away entirely. newspaper revenues -- advertising revenues, their primary source of revenue for the business, peaked at $49 billion in 2005. last year they were around 22 billion dollars. more than half of the industry's primary revenue stream has been lost. 40%.lation is down about newspapers have not had a positive advertising number since the spring of 2006. most publishers have cut back on their staffs, reduced pages. those in new orleans have reduced the number of days a week that they print a newspaper. a couple of newspapers have gone out of business. there is been an enormous contraction in the industry in terms of revenue and profits. one out of three journalists have lost their jobs at american newspapers within a decade. what happened at "th

"the washington post" has to do both. "the new york times" has to do both too but they are sold all over the country and that's a source of revenue. they have had subscriptions. everybody has to develop ways to get the content paid for. advertising is coming up. you know, there are a lot of different ways to try this. they have doubled down on we're going to be the brand and the newspaper and that's going to be our core business. >> and there's something that they have to be dependent on into the future, which is those paid -- those paid subscriptions going up and up and up. if it levels out, if it declines, there's a problem. so they have staked their future on a strategy which says people will pay for the paper and advertising will be a lesser part of the revenue stream of the paper. >> paul farhi, jane hall and jenna wortham, thanks. >>> when we come back, what can "the post" learn from someone like jeff bezos. we'll talk to someone who knows personally, henry blodget, next. 130 calories 7 grams of protein the fiber one

"the wash post. how did bezos change the news business? that's coming up next. " how did bezos change the news business? that's coming up next. my dna...s me. it helps make me who i am every piece is important... it's like a self-portrait this part.. makes my eyes blue... so that's why the sun makes me sneeze... i might have an increased risk of heart disease... arthritis gallstones hemochromatosis i'll look into that stuff we might pass onto to our kids... foods i might want to avoid... hundreds of things about my health... getting my 23andme results it really opened my eyes... the more you know about your dna the more you know about yourself... i do things a little differently now... eat better... ask more questions change what you can, manage what you can't i always wondered what my dna said about me... me... me. now i know. know more about your health. go to 23andme.com and order your dna kit for only $99 today. learn hundreds of things about your health at 23andme.com like carpools... polly wants to know if we can pick her up. yeah, w

glenn, "the washington post." [laughter] the former executive editor len downie was in the newsroom as katharine graham's granddaughter announced jeff bezos, the founder of amazon, was buying the paper. >> she read a statement in which she made clear he strongly subscribes to the journalistic values of "the washington post." that, for me, of course, is the most important thing. >> let's take off the pundit hats. give me your personal reaction. lois, you wrote a fine piece for "politico." >> thank you. my first reaction was shock. i was home, working. i got in the car, and went back to the office. it was a little bit of sadness, and then i thought maybe this is a good thing. they have tried everything. maybe the model needs to be blown up and maybe jeff bezos will bring a fresh eye. >> colby, who would have thought the grahams would give up the newspaper? >> i was the last person to think that. this is the second time "the washington post" rocked my world world -- the first time was in march, 1954, when i reported t

. >> amazon.com founder jeff bezos purchases the washington post. year, amazon inked a $600 million cloud computing deal with the cia. now the founder owns the most important newspaper in washington. we will speak to media critics as well as book publisher dennis johnson. >> in the view of american publishers, they are a threat. they have been discounting books so severely they have done great damage to the markets and publishers have been really struggling as to how to control that. >> we will also speak to mother jones reporter mac mcclelland, author of "i was a warehouse wage slave: my brief, backbreaking, rage-inducing, low-paying, dildo-packing time inside the online-shipping machine." welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. yemeni officials claim to have foiled a plot to blow up key oil locations. officials say the motives of the planned attack appears to be retaliation for the u.s. killing a deputyal-shihri, health today in the arabian peninsula. a military jet has reduced the maximum possible pr

who knows for sure. >> after the downfall of a president, it's just not washington without "the post." "the washington post" newspaper will no longer be a publicly traded company. it is now a privately held firm controlled by bezos. "post" management will remain in place but for how long depends on jeff bezos. >> billionaires buying up newspapers. should we be worried? should we be optimistic? richard qwest is the host of "qwest means business" and he does mean business. let me start with you. you wrote a great piece talking about why you are so optimistic that jeff bezos is buying "the washington post." you think it's a terrific match. other people are not so optimistic. one critic wrote great journalism has been hijacked by the powerful to spread their personal ideology. explain to me your case. why is this a match made in heaven? >> as you have just seen great powers hijacking newspapers or owning them and pushing their own agenda is nothing new. the people i have spoken to at the "post" say the paper needs a technological revolution and has to make the leap into the digital age. i

c-span: what year did your father buy the post? >> guest: in 1933. he had just gotten out of the government, been out about three weeks, as--he'd been governor of the federal reserve board, and he had started the reconstruction finance corporation under hoover. and he stayed as federal reserve chairman for a little while under roosevelt. and then he resigned because he didn't like roosevelt's monetary policies, and went to mount kisco. the post came up three weeks later for auction on the steps of the building, and he bought it anonymously. c-span: what'd he pay for it? >> guest: eight hundred and twenty-five thousand dollars. c-span: how many newspapers were there in washington then? >> guest: there were five, and--and the post was fifth in the field of five. and so it had about circulation of 50,000 in a pretty broken-down building. and so he started in, and he thought--he was a businessman, and he thought he knew to--how to turn around businesses, but he really had never had any newspaper experience, and he encountered the most horrendous difficult

and the post has hits and obviously the watergate era is part of that. the david brodieer area is part of that. the haynes johnson. all of the people -- >> for that matter the kay graham era. >> who stood as a symbol of that paper's commitment to the community and legacy and, you know -- >> ben bradley always used to say that the first secret to being a great editor is to have a great owner. >> well, if only it were that easy, right? >> and the post has had extraordinary ownership and people at the post, you know, in the 35 years i've been there, you know, have nothing but respect and relief. >> and if you think about it, what the grahams have been to the post, what the values burgers have been to the times, and the handlers, and look what happens? in some way it reinforces that idea that the ownership is the last line of defense. the fillsteins don't get to invade the castle walls. >> the change, of course, has been one that's been driven by change in technology. and change in readership habits. we are a different news organization today than by far tha

we at "the huffington post" do. through. >> question just to put the "the huffington post" aside for a second, what do you think the biggest challenge is going to be for "the washington post" as it makes a transition into the future with new ownership? >> i think it's fantastic jeff bezos has bought it. it's the graham family's final act of commitment po the paper to put the shareholders and public ahead of their own personal feeling for the paper to say we're going to give it to a safer home than we can be. we've run out of ideas. i thought was the most humble thing he did. i love what he said. >> bring in bob woodward here. bob. >> yes, sir. >> here's my concern. i understand -- love arianna, love "the huffington post," love tina, love "the daily beast." here's my concern, as we move from print with the big trucks dropping the big piles of papers out and all the big car companies paying big money to get their ads in the big fat newspapers, when that starts going away, investigative reporting, the likes of which you

the sale of the "washington post". e newspaper of wood board and bernstein, owned by the legendary graham family, the sale was to the c.e.o. of amazon.com jeff bezos. here to talk about it, one of the former editors of the "post," len downie, who i think the newspaper won a record number of puleitzers under your reign. also in new york, the times former editor, bill keller. he's in our studio there. and we're joined by john harris, whoitudes work at the "post" and today is a columnist for the "new york times" says you may well be responsible for the decline of the "washington post" because you left the "post" and formed politico, john. we're glad to have you sitting across from len. let me just talk with you first, len. was the sale of of the "post" to jeff bezos a good things? >> i'm cautiously optimistic it will be a good thing for several reasons. the "washington post" company as it's currently called is a public company, the corporation is. so it had to-- it could not tolerate losses year after year in the newspaper

of the "washington post" company. he joins me now. disclosure, i worked for you for the "washington post." >> i was going to ask if you disclosed your terrible conflict. >> for seven great years in the 1980s. ruth marcus one of your leading columnists said that this is a brave and painful decision for your family to make. was it also a necessary one? >> well, we thought so. the publisher of the post now is catherine way mut. that's a job that i held when you were on the paper. i held it for 21 years. but catherine and i sat down at the end of last year, the end of 2012. we looked at how how the paper had done in 2012 and what we could reasonably expect going forward. 201 is the 7th consecutive year the paper has been down in revenues so what do you do when you have less money coming in the door? you try to innovate. we've been pretty successful at that. but not successful enough >> ifill: 44% decline. you're going back over several years there. but that's right. and mostly we have had to cut costs. the year of the financial crisis, 20

a foreboding front page of "the washington post" today. graham's to sell "the washington post." e it is. it hit our driveway this morning. the graham family owned the post for generations and fought to the hill to defend its independence through the watergate investigation when reporters bob woodward and carl bernstein took down nixon's administration. the grahams had the guts to stand up for their paper and defend that special brand of investigative journalism, which can make you a lot of enemies. but now "the washington post" has a new owner, silicon valley billionaire and amazon.com founder jeff bezos. bezos isn't alone. over the last several years, billionaires have been gobbling up newspapers across the country, from "the wall street journal" to "the boston globe." in some cases, like rupert murdoch's purchase of "the journal," those have pushed a right-wing agenda. the conservative koch brothers are on the hunt to buy up newspapers as well. the question is a pressing one. will the new money have the same guts and drive as the old money or will the papers they buy become pol

the post called me and i ended up at "the washington post." when? >> that was in 2004. >> i only know one other nikita. his name was khrushchev. >> i think he died in 1972 -- i 1971 he died in thereabouts and i was born in 1972. my mother liked the name. here i am. >> nikita. >> back to the post, when did thompson story start for you? when did the post say we're piece.o a big you know, nobody gets four pages in the newspaper. > i joined the investigative team in december. i wrote a memo of the things i wanted to pursue. time, they decided that i should pursue this one story i've been working on. reveal it in case i finish it. agencyas focused on this for a few months. but the other story that i was jeffrey sue thompson. now, i wanted to pursue the jeffrey thompson story first. you know, i was -- i wrote the memo and they said, we think you should pursue this agency first. so i did. the jeffrey thompson situation started heating up. we knew it was going to be happening. to do this profile is now. so i approached my editor about it. he was like, yes,

post." theaper has a new owner. billionaire jeff bezos. amazon.com founder and ceo. buying the newspaper for $250 million. that's a good payday for "the post." some called it a fire sale. big news for the paper but what kind of news is it for the newspaper business? let's get to our questions. what's this say about our newspaper industry being bought out by jeff bezos of "the washington post"? >> principle media can't survive this digital era until they are -- it is fitting that digital operation like amazon takes over. i think that -- we haven't really begun to think lou all the consequences of this. merrill brown sometimes on the show said to npr you have to understand there is an iron triangle emerging. they are connected now. and i think that's -- it is h ominous. >> sit ominous? >> i think individuals who have certain agendas or want to do certain things with newspapers buy them if they have the money. that has been a long standing tradition. how all of a sudden that one family becomes lege

>> in regards to him by the post, it seems fairly transparent. ere is pending legislation he is concerned with regarding collection of sales tax. amazon is being talked about more and more openly as a monopoly in the wake of the doj decision -- >> the decision being? >> the case mentioned about apple and six major publishers for suppose a price-fixing. what they were trying to do was to find a way from amazon to stop from severe discounting. it will be very handy for him to have a newspaper in washington, d.c. it seems pretty transparent that way. >> how has amazon affected you as a publisher at melville house? >> amazon controls the marketplace. my company has existed for the same amount of time as amazon and have watched it happen. from our point of view, we are an activist press but we are also a fairly normal trade are 90% of our digital business, at least 30% of our overall business. do they make you more money? are you selling more books because you have this global marketplace? totalould not say business is up. in fact, in total, it is down

arianna, the huffington post, and others on the right. even the billionaires who bought big newspapers seem to succeed when they have a political agenda rather than a general agenda. >> to the extent we know his political philosophy, it's a techie libertarianism. for gay marriage, against taxation on people like him which is perfectly sensible in my point of view. it seems to me his ideology is less important to his motives than the challenge of seeing if he can make this go. when gutenberg started with the printed word is not over because of the digital. >> but it's changing dramatically right now. >> and it would be incredibly important if he can establish a beyond left and right position for the washington post. just look at the things we are not covering at the moment because they are divided in the absolute left-right way. the war on drugs, today in the new york times, what's happening to the california prison system. we're having a major incarceration drug war crisis. somebody -- >> we know about them because we are covering these t

this was the golden age for the post. but now, in the digital age, with news content gravitating to the internet, the post has struggled, like all print media. donald graham described how revenues declined. seven years in a row, with the newspaper suffering a $54 million operating loss last year. that's $54 million. circulation of the paid print edition plunged from $786,000 in 2002, eleven years ago, to $481,000 in 2012. rather than attempt more cost cutting, says mr. graham, he decided to sell. mr. bezos, age 49, is one of the world's richest people, with an estimated worth billions. he sells streaming video online over amazon prime and he introduced the amazon kindle. bezos is the latest mogul, who in recent years has snapped up newspapers. the boston globe was purchased for $70 million one week ago. and warren buffet has purchased more than 30 newspapers in the past two years. question. if old media like newspapers are a dying business, why are millionaires drawn to them? >> because they no longer wish to be billionair

," primarily "the washington post." us that he's giving preferential treatment to "the washington post," and "the post" would get a lot of criticism for that. i think it's possible, i don't think it's likely. >> following up on that as well, there was that moment where the amazon kindle interviews have started and the kindle video singles, or whatever they're calling them, the one they had with president obama, there were a lot of people asking about the relationship and the way in which amazon is kind of inserting itself into the press world. >> yes, that's right. jeff bezos is very good at controlling the press. he chooses the reporters he's willing to talk to. he gives very, very few interviews. nobody at amazon can give interviews, and as a result, the press -- it puts pressure on the press to be good to amazon even though they will try not to so that they can get the interviews. so he's very controlling of the press, and certainly that's a concern. but, again, i don't think that jeff bezos is interested in the news

>> it is not the future of "the post" as we know it on the the post will be there, i suspect, from the kind of owner it will have, but it will have a different kind of market. the brand might be there, but the product will be much different. >> i thinkhey will still have a newspaper. it will be much different, smaller. what jeff bezos will do is try to figure out -- he has a plan, by the way. he went away for three months and came back to buy it, so he has a plan. he will try to figure out how to fully digitize it. one problem they have had is the demographics. they have not been able to get out of the older demographics and that is what jefeff bezos could bring in a big way. >> the purchase comes after they made significant newewsroom changes, investing god knows how much money in this new kind of online video project with thisth in-house tv station. there have been staff reductions. to a certain extent, they are buying pers that have made transformations. >> charles? >> in regards to whether we will have a paper in hand, the new owner said neighbors will not ist as papers in 20 years

the post sold off newsweek. billion at that then died. over their kind of went kaput. it's an interesting contrast. is he buying this for profit upside or for cloud? remember the old saying, you don't pick a fight with a guy who buys ink by the barrel. he will on for $250 million the paper of record in washington d.c. will congress dare go after him? one other catch, and i'm surprised they say that they need new owners to take the post to a better place, yet they're letting all of the senior executives stay in place, doing the same old job. you have to wonder. liz: dennis kneale, thank you very much. the stock responding nicely. adam, i send it back to you. adam: and i will send it to melissa francis with money next. ♪ melissa: i'm melissa francis, and here's what's "money" tonight. hello first class. jet blue is bringing premium suites, not seats, the cross-country flights. will it turn from quality to a lack of luxury? will this turn off customers? the ceo joins us. plus, alex rodriguez is suspended for 211 games. he is not off the field

"the wash post. how did bezos change the news business?hat's coming up next. " how did bezos change the news business? that's coming up next. my dna...s me. it helps make me who i am every piece is important... it's like a self-portrait this part.. makes my eyes blue... so that's why the sun makes me sneeze... i might have an increased risk of heart disease... arthritis gallstones hemochromatosis i'll look into that stuff we might pass onto to our kids... foods i might want to avoid... hundreds of things about my health... getting my 23andme results it really opened my eyes... the more you know about your dna the more you know about yourself... i do things a little differently now... eat better... ask more questions change what you can, manage what you can't i always wondered what my dna said about me... me... me. now i know. know more about your health. go to 23andme.com and order your dna kit for only $99 today. learn hundreds of things about your health at 23andme.com like carpools... polly wants to know if we can pick her up. yeah, we

the "washington post" has a wide variety of content. you've described columnists in it that people would like to read. the issue is can you buy the content you like from the few columnists you guys have mentioned? and that's what the web provides. the "washington post" has to make an entire paper with different viewpoints in it, make it, physically deliver it. that cost structure for all newspapers is over. content is -- >> but hugh, it's not a closed universe, hugh. there's new media. there's new media content everywhere. the "post" is competing with, i don't know, i'm going to say hundreds, maybe thousands of new medias. and you've got your bloggers and you've got your social media. i mean, it's a pretty competitive world out there. it's not just the "post." >> larry, i was talking to rick newcombe before i came on, creator, syndicate founder. i believe he syndicates you. >> he does indeed. he's a good man. >> and rick is overjoyed about this because it represents the infusion of capital into an industry that is just completely hidebou

let's start with "the washington post." y all of these stories about the birth certificate for a fellow who hasn't even announced a ndidacy, nina? >> well, first of all i want to say it's great to be here on the brad and nina show, lou. >> you're welcome. >> the -- you know, i have to say look, "the washington post," they have a history of biased coverage, particularly biased political coverage. their ombudsman last year wrote about the bias towards democrats and against republicans. i have to say this case, i think it's more of a case of just getting overheated about 2016 and, you know, ted cruz wanting to make clear his immigration status, his citizenship status. everybody's trying to read the tea leaves -- >> so you have no problem with this? you see no problem with "the washington post" running 12 stories on a guy not running for president? >> i think they want to know if he's running for president and that's the way to get at it. he's going to be a big force in the party if he does run. >> well, he's going to probably,

bezos would have an interest in the "washington post"? that he must have a personal interest in publishing. obviously, the publishing business is challenged. but we have seen a number of big-name, high net worth individuals take interests in newspapers. now, i want to point out here, just to really clarify, this is bezos himself and not amazon. there have been a lot of tweets about this. it's really important to clarify, it's bezos, not amazon. it's interesting that allen & company assisted in the process. and jeff bezos was at the conference in sun valley last month, as was don graham, the chairman and ceo of the "washington post" company. it seems like the deal was certainly discussed there, if not, you know, sort of -- if it didn't come about there. it does seem like something that took place in a relationship between don graham and jeff bezos. it's interesting looking at the recent spinoff of the news corp. assets, the publishing assets from the combined news corp. and fox company, now, the publishing assets are considered slower growt

good payday for the post. me called it a fire sale but what kind of news it for the newspaper business? what does this say about our newspaper industry being bought out by bezos. >> press media can't survive. it's kind of fitting that a digital operation like amazon takes over. we haven't begun to think through all the consequences of this. merril brown said you have to understand there is iron triangle between the nsa and silicon valley and media and they are all connected. that is ominous. >> kelly: what do you think about this? is it ominous? >> i think individuals who have certain agendas or wanted to do certain things with newspapers that have the money. that has been tradition. one family becomes legendary. i think these, what you have to say. he said there is going to be change, but i'm going to stand by you if you are courageous and courageous enough to do two things. to get to the second source and second of all to make sure to make sure we go after the next watergate. that is what everybody is worried

people think the $250 million for the "washington post" was somewhat inflated. don't happen to believe that. just the value of the "washington post" brand itself and the potential that resides in that brand because of its history and because of its repertoirial power that still exists in the newsroom is still very valuable. if you look at it strictly as an accounting proposition, you could see these properties, these legacy properties are worth very, very little. it's a stunning development. >> but the problem is, the problem is that -- i do believe that nationally and where the glare of the spotlight is on globally that bezos will have a commitment to investigative reporting at "the washington post." believe me, he does, or bob woodward wouldn't have said what he said. that's number one. >> go ahead, john. >> well, i think there's two questions about jeff bezos. one, what is his idea and, two, what are his intentions? by idea i mean, what's his strategy? the grahams are smart and conscientious people. they said, look, we don't know how to make a viable business

c-span: how long were you chairman of "the washington post"? >> guest: 30 years. that's a little bit average. c-span: go back to san francisco in the to washington. what was your first job at the post? >> guest: well, actually i worked there summers in college. after school. in 1939 when my father came out and suggested that i come back to san francisco and work on the post and it was time for me to leave there in many ways and i was happy to do that. c-span: what was your job? >> guest: it was the low person on the editorial page. i edited letters to the editor. i made up that page and i wrote a few editorials. c-span: when did you meet phil gramm? >> guest: that year that i came back. i was really surprised because when i left washington to go to college it was still a very republican town and it was kind of stuffy. you know there were parties of my parents age and then our parties were dances and third-generation real estate. when i got back the new deal had come and the town was just full of attractive young men. it was not the town i remembered and i was simpl

the graham family has owned the washingtion post for 80 years. carl icahn is raising his stake in dell. the sec says the billionaire investor now owns close to 9% of the pc company. icahn reportedly bought an additional 4 million shares last week after suing dell over delaying its shareholder meeting. dell and icahn are locked in a battle over the company. a shareholder vote on whether to take the company private is set for september 12th. sony's ceo has formally rejected an offer from hedge fund manager daniel loeb to spin off the company's entertainment division. sony's ceo says the entertainment businesses is "critical to corporate strategy." he adds that ipo subsidiaries tend to have a poor record. sony pictures most recently released "the smurfs 2." stocks on a hot streak: solid earnings gave a boost to stocks this week. michael kors is trading higher following this week's earnings report that revealed sales in north america are up 46%. cvs caremark also topped expectations. it says sales of new generic drugs helped profits. and molsen coors

it seems as though he is on a mission to change the course of media and a letter to employees at the post he wrote we will need to invent which means we will need to experiment i'm excited an opportunity optimistic about the opportunity for invention. gos is known for taking the relatively unknown and history of e-commerce and to a giant the riving frontier has an innate ability to recognize opportunity for growth and what customers need here's him speaking about how he develops the amazon business model. very frequently get the question. what's going to change in the next ten years and it is an interesting question very probably one i almost never get to question what's going to change in the next ten years and i submit to you that that second question is actually the more important of the two because you can build a business strategy around the things that are stable in time. his most recent investment newspapers however is not a stable industry print advertising rise revenues are falling newspaper stock prices are all time lows and circulation continues to decline across all papers is

for print news when the graham family sold the washington post one of the oldest and most prestigious papers of all time. the reason we started to think about it brooke is the point of our family's ownership and we were brought up to understand this was always supposed to be that it was good for the post katharine and i started to look at the numbers realized that this year two thousand and thirteen would be the seventh straight year of significant declining revenues. in an age of digital media printing news is becoming obsolete the post tried to keep up with technology by launching post t v jumping into the social media scene and offering a paid online subscription model however they still face sharp declining revenues. innovated a lot. and if i look back all those years i'm amazed and impressed by how successful are going to be a should have been an audience quality but the revenues we've got from those innovations haven't offset the continued pounding declined we knew we could keep the post alive we knew it could survive but our wish our aspirations for the postboys but hired by th

office is going to lead lead the new charge and something bizarre happened because the post office in addition to having the largest vehicle fleet the united states which represented a bit of a threat to the fossil fuel industry if they were going to move away from gas also is the largest employer in the united states that is unionized the largest unionized employer so the republicans said we can't have this unionized employer largest unionized employer and they're not they don't want to buy the koch brothers products anymore no more gasoline no we can't have this and so in two thousand and six the post a postal reform bill came out of the house looked quite reasonable when off the senate came back and christmas eve people in power has passed this thing and it was buried this little time bomb in two thousand and six and two thousand and six which said that the retirement health benefits of postal workers seventy five years from two thousand and six had to be pre-funded and fully paid for within a ten year period people who were not yet even born and in fact people. children you kno

the post seems to have been somewhat restrained. ght now it will be interesting to see what happens in the coming days. >> mara, there is some irony to this story because the nsa, according to this report, planned to investigate at least 4,000 insider threats, cases where they said they were concerned that one of their own might have compromised information. the irony, of course, is the fact that the entire story was leaked to the "the washington post" by one of their own edward snowden. >> that's right. i wonder if he was on the list of 4,000 and they just didn't get around to him. >> probably not. it is really extraordinary and tells, you know, just how much money we are spending on these security efforts and also shows how the cia, although had has been in trouble in years' past really has gotten back on the strong footing and biggest recipient of this. but, this is something that was not meant to be public. and you just have to wonder how much more edward snowden provided information there is out there and that we are going to fi

lot of the communities and they are trying to figure out how to best serve veterans with post-traumatic stress? moral injury is the guilt element and how you live with your experience and you live with your decisions of combat. so identifying that post-traumatic stress has different levels and not everyone responds equally to treatment, nor does everyone have the exact same experience, because everyone's experience is unique, regardless of the con flict or the amount of time that you served in the military. in addition, to the combat-related issues there are issues that aren't necessarily isolated or selective in the military that are wrapped around the combat element. so that is something that i am sure many of you have heard about in the military, which is military sexual trauma. so the survival of military sexual trauma is likely to then relate and have the exposure to those traumas ending with post-traumatic stress. so these three categoreys are how the veteran's affairs communities tries to provide treatment. regardless of which mode that you are identified to have experi

and the nation and the post values will not change. it has been on the cutting edge of some technology such as integration with facebook. we'll see what kind of technological things he tries with it. >> in terms of the name change, is it a name change for the corporate entity that would own the "washington post" or would it be for the newspaper itself? >> i believe it's for the new company. the new companies that's left with kaplan, the cable assets and some of these internet assets and real estate. that company since it no longer has the paper would now get a new name. >> it's an interesting transformation within the industry just within the past week or so we've seen the boston globe up for sale and a lot of companies increasingly away from the print business and more towards broadcasting. >> the paper seems to have been a drag on the stock although recently the stock has done very well. if you go out five, eight years in the stock it's completely under performed and just getting its mojo back now. this move seems to be a little acces

happy hour at the post office we called it earlier. service this would bring in $50 million annually. is that enough to save the post office? >> not even close. in fact, last year the post office estimated they lost $16 billion. 25 million dollars a day. this is very interesting topic because here is an example where the u.s. post office was set up to be able to run as a private business with congress's oversight. problem is you have congress intervening quite often with mandates with respect to retirees, pre-funding healthcare for 75 years in advance for retirees. what happens as you know profitability will dry up very quickly. the ability to have solvency within the post office becomes difficult. what they decide to do is try and find other ways to incorporate revenue. >> heather: that begs the question and people wonder, unlike other federal agencies that depend on tax dollars, why is the post office expected to run self-sufficiently? >> they have not received any tax dollars since the 1980's. it was set up constitutionally to run a