Jared Kushner: "Real estate is like porn for rich people."
J.K.: Do you have any interest in real estate?L.G.: Only in the pornographic sense that everybody else does.
J.K.: Real estate is like porn for rich people.
L.G.: So what possessed you to go buy a dinosaur? This is, like, so old-media. Isn't it a bit yesterday?J.K.: Well, I would say two things. People are hysterical about the death of newspapers and I would say they're not dying, they're just kind of reinventing themselves. What the ultimate body count is in reinvention is still to be determined, but the difference between a weekly and a daily is that my product is a country home, whereas a daily is your primary residence.
L.G.: Now when people come to you, as I'm sure they do, and they just read something snarky about themselves in the Observer, and you have a business or social relationship with them, and they say "Jesus Christ, Jared, look at what your paper did to me"—what do you do in those situations? J.K.: Well, I think people for the most part are very respectful and they know that I'm a publisher who has strong belief in editorial independence. And I'm very fortunate to surround myself with great people, and I believe that you hire good chefs and you let them shop for the groceries and cook.
He's so rich!