The Prof G Pod with Scott Galloway State of Banking, Media, and AI — with Andrew Ross Sorkin
20 snips
May 18, 2023 
Andrew Ross Sorkin, a New York Times columnist and CNBC co-anchor, dives into the ripple effects of the banking crisis and the challenges in the media landscape, including Vice's bankruptcy. He discusses how the writers' strike exposes the divide between creatives and streaming giants while critiquing the impulsive behavior of billionaire media buyers. Sorkin also reflects on AI's transformative potential, balancing work and family life, and emphasizes the importance of consumer protection in banking and effective listening in leadership.
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CNBC Ban
- Scott Galloway was a regular guest on CNBC for years.
- He was then inexplicably banned without explanation, leaving him feeling hurt and resentful.
Vice's Downfall
- Vice's bankruptcy demonstrates that narrative can sometimes overshadow actual performance.
- The company's perceived coolness and large valuations didn't reflect its lack of viewership and revenue.
Forbes Acquisition
- Forbes' acquisition for $800 million highlights a trend of billionaires buying media companies.
- This is often driven by a desire for iconic status rather than sound business logic, as news is a challenging industry.
