Gimlet co-founders Alex Blumberg and Matt Lieber, plus Fortune CEO Alan Murray

Gimlet co-founders Alex Blumberg and Matt Lieber talk with Recode's Peter Kafka about selling their company to Spotify. Then later in the show, Fortune Media Group CEO Alan Murray sits down with Peter to talk about selling Fortune to a Thai billionaire and navigating its transition into new digital challenges.

In the Gimlet interview: "We didn't leak the story, I don't know who did"; Blumberg and Lieber's interactions with Gimlet staff since Recode's scoop on Friday; why the acquisition makes sense; how Spotify became a distribution partner and when acquisition talks started; could Gimlet have remained independent?; how much did Blumberg and Lieber's ability to personally profit influence the decision to sell?; listeners who invested in Gimlet's crowdfunding seed round will see a return; will Gimlet's existing shows become Spotify exclusives?

And in the Murray interview: Fortune's acquisition and the end of Time Inc.; why it's hard to destroy legacy media brands; why it would be a problem if Time Magazine owner Marc Benioff had also bought Fortune; who is Fortune's new owner, Chatchaval Jiaravanon?; the "death sentence" of working with its old owner, Time Warner; how has Fortune changed since Jiaravanon bought it?; developing and scaling up live events to make them both accessible and valuable; advertising-supported businesses and Fortune's competitors; Murray's background at the Wall Street Journal and why Rupert Murdoch is "the best thing that could have happened" to the paper; developing the WSJ's ultimately unsuccessful iPad app, The Daily; President Trump's lies and attacks on journalism; and and how other media outlets are alienating his supporters.

Thanks to Microsoft Azure for sponsoring this episode. Get started with a free account and 12 months of popular free services at Azure.com/trial today.

Learn more about your ad choices. Visit podcastchoices.com/adchoices