YouSaid · the spoken record

Almar Latour

lines on the record: 78
first: 2025-03-10
most recent: 2025-03-10
sittings or episodes: 1
sources: podcast

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“Tomorrow is new, so I want you to tune in. And so definitely come to the Wall Street Journal every day. But for us, you'll see us focus on international rebalancing. We're rebalancing our portfolio to make sure that we are a strong outside the borders of the US as we are here focused on video, focused on deeper data products. But overall, we will continue to be focused on what we have been focused on for the entirety of our existence and that's providing reliable information.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“I think The industry should shoulder a lot of this together in a loosely formed coalition or through solidarity. But I'm focused on Dow Jones' success, but I certainly share and are values, but I certainly share our findings with colleagues all the time. And there is a very active dialogue amongst media leaders that, A, I want to foster B, I participate in. And so if you look at very difficult moments, like Evan case or getting people out of Afghanistan during the rapid withdrawal from US forces there, we worked very, very closely together. There's very close contacts amongst a lot of those leaders. I think that's a healthy thing and we'd like to see more of it.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Depends on what mistake it is. And so we actually, in building and co-creating some of these products that answer very narrow questions, we were sometimes surprised at mistakes that snuck in and we just wanted to make sure that we can't release products without having screened for that. But you're going to have to correct.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“I think the question is just to load it and that you make it very specific. I think we have fought for our principles for decades. We have stood up for our reporting for decades. We have a legal team that is incredibly strong, that has fought for press freedom and for our journalism again and again. If we make a mistake, we correct. Own up to that, and that is absolutely part of the value structure. We stand up for principles, period.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“I am not saying either one of those because I'm not commenting on their individual situation. I just think that there are moments where as an organization you're going to have to evaluate, and the AP just went through it, is this a moment where I speak out and where I stick to my guns or not? And I think those moments better choose carefully. You better have a clear view of your principles and understand what you actually stand for and understand the ramifications because people will point back to certain moments and you want to make sure that you're on the right side of that.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“And then you have to recognize the moments when principles are at stake, when you have to fight or you have to express your disagreement. And so keep on doing what you're doing. Do even more of it in our case. Create reliable information. It's going to be good for society. It's going to be good for you as an organization. Keep a cool head and stick to your principles. And that last part is also non-negotiable. All these three are, in fact, non-negotiable. You got to stick to your principles. If you start shifting and making certain concessions at the wrong moment, there will be a very high price to pay for that.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Second, you got to keep a cool head. We live in an environment where taunting and provocation is the norm. And so you can take that bait or you cannot. And you have to then, in my view, not be hysterical in response to every little provocation that might exist. And in fact, you might get more respect if you do not respond to every provocation.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Yeah. So it's a very clear answer, I think, to that. It's not an easy answer. But the first answer is stick to your principles. In our case, we believe in reporting the facts in the newsroom. We believe in free markets and free people on the opinion side. And you stick to that and you do not let go. And you double down on that. That's our contribution to the information ecosystem. And we're going to do more of that. And by the way, that's a demand-driven thing as well. But we're talking about press freedom. This is an answer to that. You're not going to change your reporting. If you start doing that, if you start making concessions and you're reporting and omitting facts that you know to be true or start self-censoring, then that game is lost. So that's one.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Honest, doing so. I'm not going to left right things in this conversation. I can say how do you respond to an information ecosystem where maybe an asymmetrical manner? I'm saying, how do you respond to an information?”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“But yes, I know where you want to go. This is a pretty asymmetric information landscape right now. One side is vastly more willing to lie. One side is vastly more willing to even change the data. The Trump administration is making noise. They'll take government spending out of GDP, which would dramatically change almost everything the Wall Street Journal does, right? Like the most fundamental level, we might not be able to trust the government data anymore. That's a threat to press freedom at the same time, they will spin it as a good thing. Elon Musk is out there trying to spin this as a good thing. You don't see the left playing that kind of game with the data in that way to sort of metaphysically create political outcomes, right? There's not as much trying to tweet things into reality that Elon is doing.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“It's also like my daily existence, honestly. So that is. It's a very young chestnut for me. I mean, it's there every day. But yes, I know where you want to go.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Whether we did a story well by how much I got in terms of complaints from the left and from the right after certain stories. And so the temperature is high.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“And so, on the one hand, with all the changes that we're seeing and with all the challenges that we're seeing, including against media, this is a time that any journalist should be made for, right? If your heart is in explaining complexity to the world, there's never been a time when we've had this to grapple with. And so I think on the one hand, we can offer enormous value. On the other hand, it's become a lot harder to do that. And the statistics around the world don't lie. There are well over 300 people who were killed last year doing journalism. People have been put in prison. And there is a harsh dialogue in society that makes it under many circumstances less comfortable to go after a story. Sometimes I met”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“We're living a time of tremendous change, of polarization, and that makes covering the news trickier than ever before. It also, I think, increases the value and the contribution that we bring to society as a free press.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“It's very big, and I think this next year we'll see how it shapes the business. I want to end by talking about press freedom. That's something you care about a lot. You've talked about it a lot. Obviously, the publisher of the Wall Street Journal, you famously had Evan Gershkovich detained in Russia in March 2023. You worked very hard across a number of administrations to bring him back. This is a very challenging time for press freedom, both abroad. And it feels like in the United States. What's your view of the landscape right now?”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Know that it will be debilitating. I don't think that the commercial agreement that we have with open AI, the value of which I can say, but you just cited that, that has obviously not stopped OpenAI from developing. And so I believe in market mechanism, and I think that's where we'll end up, that there will be a gravitation to that rather than stopping the industry in its tracks.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“I hate to say this as an answer to any question, but there is a big wait and see. At the moment, I got to go on the assumption that as a technology generative AI is present in my world, is going to be present even more, is going to be present and an expectation from consumers, whether they're corporate or consumers out in the wild. And so we cannot continue to build and then think at the same time like, oh, it may all just disappear. And by the way, we might be the culprit because we're applying that, which is an interesting scenario. I don't think it will play out that way.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“I see where you're going with it. I think the answer to the individual cases it's a little bit the blind man and the elephant. There are different patches of fair use that different legal cases are pursuing. One case is not going to, it might reverberate, but is not going to be necessarily absolute.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, yeah. That's why I was comfortable asking you a question. No, no, no, absolutely. This is not on my radar in a way that you express that, but that's the short answer to that. I think, I guess, in taking your question in a different way, we have to emphasize ONO and we have to make sure that being in our world, in our universe, in your individual vertical or in one of our broader products or in the entire Rubik's Cube, have an experience that you cannot have somewhere else. That's on us. How far do you go in putting a wall around that? Yeah, we'll see over time.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Oh, I'm not going to speak specifically to Google. We're a partner, and we have lots of things that we do together. There's also things that we disagree on.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Feel very strongly that we cannot go This new era with a view of, well, this is what these companies have to do for us. Like, we have to agree on the principles and the value. But then it's really up to us to create superb products and answers to complex questions in a very complex world. To realize the value that these new tools offer. And so both those things have to exist.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“And we're going to give a superior answer, and you're going to need that answer in order to be more successful than the next person working on solving that problem in a certain industry. So if that's about energy pricing and forecasting energy prices, we want to be the most reliable on that or what's happening in the chemical industry. We want to be the leading voice in that. And generative AI should be one way in which you get that out of us, but in a proprietary sense. And so that should be hopefully very different than going to any chat bot and asking that same question. And maybe you get an approximation, but it might not be as reliable. But hopefully there'll be sufficient proprietary data in our answer that will make that competition uneven in our advantage. And so that, I think, is the task. And just to.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“There's a distinction between establishing the principles and getting value for that, getting forward value if you are being used, but then there is a separate category of efficiency tools that we use in the company, and yet another category where we say, here's where we build products that have to answer a certain question that exists in the market in any different industry in our case.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“It's on us that what our gen AI answer spits out is relevant to our customer in a way that some other provider with maybe a more general offer is not. And so we have to make sure that when we combine our proprietary journalism and our proprietary data and our convening power with generative AI and with LLMs, we have to make sure that what the outcome is to a query is a reliable and B is something that you can't find somewhere else or B at the scale of where you can't find it.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“You have one of these deals. So, how are you doing? Yeah, no, but this is why at the very start, I said I see those deals in a separate category. It's foundational. It's about principles, the money to be made in AI's really on us to make sure your own.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“On a case by case basis, when it's very specific and we are answering a question from a customer and it's often a co-creation where we are solving a certain problem and we have very narrow parameters, then I think it works. When you go wide, you get a wide answer. Our strategy is built around being specific, being focused on verticals and AI fits nicely with that. And in fact, Allows us to go much deeper, be much more specific, and be more discerning. And so under each vertical, you can create subverticals using much larger data pool.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“It will accelerate going wider, i.e., scaling our vertical strategy, because we can stand up verticals much faster, whether that's a geographic vertical, because now we can say, all right, we can launch in this language and it's so reliable and it's a lot cheaper. And then connecting everything is a massive, generative AI is a massive accelerant because now with a thin layer on top, we can extract data from all these different data pools. Do the tools?”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“This is going to have to be table stakes offer a UX that is built around generative AI because the customer expects that. So you're getting at the trickiness of establishing the value writ large. But overall, I think of generative AI as an accelerant for the strategy that we have. It will allow us to go deeper in our verticals faster and more efficiently and in ways that we couldn't even imagine. We've all talked about the wonders of generative AI, but doing research in ways that we couldn't do before, human and otherwise within Dow Jones, we talk about authentic intelligence. That's the combination of generative AI and human guidance. And we find that that's a sweet spot for certain B2B products that we're building. So it's accelerating going deeper.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Just simply because of that, because of the way we've set up that deal. I'm not going to talk specifically about that deal. It was a super nice try, as I almost bet. I'm going to try it again. No, I'm sure you will. But more broadly, I can say, so how can you tell that generative AI tools that you're deploying or models that you're deploying within your own business, how are they successful? And that's by usage. And is it generating revenue on a consistent basis? Is it just a blurp, like, oh, it's a novelty factor and we move on. We're pretty early in that process. So I don't know yet what's ahead fake, what's real. Some of the products, I can tell this is real, right? Some of it is a shift in user experience and in user requirements”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“I mean, you've got to ask, I'm not going to talk about specific amounts, but you got to ask what that amount for and then what I am personally less interested in is a single amount, but more an operating model and a business model for how you do business going forward over a long period of time. How does that operate? Is when information is used, is that the value of that information recognized along the way? And is there a mechanism that helps realizing that that valuation set the dollar aside?”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Is outperforming expectations. So, on the whole, I think this will be a net positive. But we got to unpack what we're talking about first. Got to get the foundational elements of this right. If we don't have proprietary information that is truly proprietary, then we're going to lose this game. So you see us engage in building products, building a marketplace with Factiva and deploying tools internally. But all of that has to happen in tandem with solving that foundational question.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“So we are, I think, at a very, very early stage in that. And so it's hard to say. What I can say is that on the product side, we see some of our products outperform versus what we had planned for them. So we have a product in our risk business called Integrity Check. It's more of a self-serve model where you don't have to wait for Dow Jones to get back to you and do its computation using AI ourselves, but out of review of the customer. But instead having the customer do some basic research on risk and compliance themselves, sort of assessing who they can do business with and getting that to sort of an 80% reliability from there, then using that as a springboard to say, okay, now within the remaining 20%, I need help from the company. That product is fairly young and that's performing outside experts.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Let's apply that to AI, that framework. I think it's useful to have the framework where we talk about this next set of big shifts because that's a lot of decisions. You mentioned Factiva earlier. That's a data platform. You're promising some generative AI tools there. You want to offer more of those tools to your customers across the board. You've made some deals with OpenAI. At the same time, you're suing perplexity. What is the shape of the AI opportunity to you? When you look at it broadly, you're suing perplexity. You think they're taking information away from you without compensating you. You've made a deal with OpenAI at some rate. We can talk about whether that rate is enough. And then you're offering the tools to the users, right? When you look at that whole set of things, the number one question to me is.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Welcome back. I'm talking to Joe Jones, CEO Omar Latour. Before the break, we were talking about one of the big decoder questions, how he makes decisions. Now we're going to take that idea and put it into practice, specifically around AI, which has become a major part of Dow Jones business over the last few years.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“And how I do that, where I focus that thirst. And then on the other hand, having that flat structure and empowering people. We have to take another break. We'll be back in just a minute.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Those managers or those creators make them successful. And so depending on where we're focused, if we're focused on something that is important for the whole company, I will be informed and I will make the decision consulting my management team. Within the framework of the strategy that I've outlined, the intricacies of that, I am a firm believer in letting the managers make decisions. And so I have a very flat structure where there is a lot of autonomy to within that framework make decisions because I think that will allow people to move faster, allows the company to move faster, allows us to experiment without going through a central clearinghouse constantly. And so I want, I guess, both. I want, on the one hand, I want to have the expertise. So I'm informed. There's a limit to that because you can't do that when you are thinking about macro issues, about everything. And so I have to be judicious.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“To remix the cube, not solve it. But what's your framework for making decisions? How do you make decisions? Well, I take information a lot. And so I'd like to be probably to a fault be familiar with the facts on the ground. And so I'm very consultative in expertise, absorb. So I feel like I have a level of mastery sufficient to then make a decision. That's one part. I'm very inquisitive. I think there's the strength of good journalists is they know how to ask questions and they're driven by curiosity. As a company, we're driven by curiosity as an executive. I'm driven by curiosity. I want to figure out how things interact to understand the nuances. And so that's, for my part, I also at the same time believe in letting managers manage or creators create and making sure that what I'm doing is to help make”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Going to comment on my colleagues at Fox. We had yesterday protesters outside on Fox Square and people are protesting that while the reporters and the Wall Street Journal and Dow Jones are doing their job. So there is an awareness of the perception of Fox and what we're focused on. But I think there's also a great awareness amongst our staff and has been for now over 15 years that those two things are separate without specifically commenting on how you characterize that because I'm just not going to get into that. I want to ask the last Dakota question and I want to end by talking about AI kind of at length here. You've had to make a lot of decisions, right? You've changed the way the company works. A lot, a lot. You obviously have a way of thinking about the company that's very specific. Although I will say Rubik's Cubes are meant to be solved. And I'm not sure that you want anyone solved. I think you want people.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“I'm paraphrasing here, but I don't often quote the Wall Street Journal, but they said that this trade war is the stupidest trade war in history or something along those lines. We don't hold back or opinion pages don't hold back and their assessment based on well-established principles of free markets and free people. And so we both smile for obvious reasons. I'm sure you ask about it. is core to who we are, the independence to make that judgment is core to who we are. And yeah, for my part, I'm focused on the Dow Jones part of making sure that that sings. But do you see that contradiction? Do you think your team see that contradiction that you're trying to sell really high quality information while another part of the structure that has the same ownership is contributing to an information crisis? Listen, I can't comment because of shared ownership structure.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Five years ago, we hadn't done, I think, an acquisition for well over a decade. Now we've done billions in acquisitions. That's support. I would say that's a vote of confidence for the direction that we're taking for the strategy that I outlined to you, going deeper, going wider, connecting things. But there's also a deep respect for the independence of the Wall Street Journal on the value that comes with that. And so I've seen that consistently applied. That's my answer to your Hangout question. Rupert Murdoch plays on both sides of the information crisis, right? You can watch his other properties create whatever reality is politically expedient for Donald Trump. And then I can see the Wall Street Journal rigorously cover the impact of tariffs all the way down to the opinion pages, which sometimes say the tariffs are bad. No, they don't just say tariffs are bad. Or the opinion page as Trudeau, the Prime Minister of Canada, just yesterday in his press conference, said, I don't often.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“I wouldn't put it in a category of hanging out whatsoever. There's a healthy, friendly interaction. He's chairman emeritus. He's built the caricature on a side. He's built enormous media success stories over time.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Describing Dow Jones is something that makes really high quality, rigorous information across its newspapers, magazines, across its data products that sits within News Corp. How often do you hang out with Rupert Murdoch?”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“So we've got a full stack of risk. We're building a full stack in energy and subsets of energy. And so we're going deeper there. And then you see us in the future. It's a scalable model because we now understand how do you build these verticals? Either we can use mine the Wall Street Journal for new verticals because we see what people gravitate to, where do we have the expertise, and then build on that. Or we can inorganically add as well, or we can organically start outside the Wall Street Journal newsroom. So going deeper, going wider, and then connecting everything is where ultimately, if you go back to the Rubik's Cube, if you want to buy that whole Rubik's Cube, we will also make that possible for you. So we're making sure that these magnificent data pools are going to be available in some of this, of course, still in the works.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Time in the media sort of misread as just events, but it's something bigger, far bigger than that. I think it's a subscription business. It's a recurring revenue business. It should be. It doesn't mean that you can't have sponsorship for it, but it is fundamental to anchoring the decision makers of a certain industry in your platform. So we have that stack when we have that, we call it a full stack.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Happening now end to end we are present in your workflow in that industry. And by the way, since we're at a Wall Street Journal and that's an extension as well, we're probably also when you go home, we're still with you in another way. So that's the view of the company and our operating model. Build verticals that have these four parts at a minimum. go deeper and make that exclusive this is why what Emma is doing in the Wall Street Journal Newsroom really matters more exclusives more distinctive journalism helps with that first part with the news obviously we've built and bought and created more proprietary data we've spent well in excess of a billion dollars on getting companies that are specialized in that added to our roster we're doing more analytics and even a little bit of consulting we're never going to be a consulting company but that's an outflow of analytics and then convening power i think for a long time”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Compliance, you see compliance officers coming together and are compliance counsel at Davos and in other places. And so now you have thought leaders there. Well, the procurement officers who buy our data products don't see that, oh yeah, the people that are leading my department or leading my company are talking on a Dodge Owns platform about these big themes. So it anchors Dow Jones more deeply, whether that's just an observation, anecdotal, or whether that actually translates into business, often it translates into business. That has the same effect on other analytical products. And then if you add news to it in that risk vertical, I have mentioned internally that we will have a risk journal. So we will have risk industry folks, compliance officers and the like tap into that risk news product to actually start their work day and understand of what's”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Second, you have to have proprietary data. Some of that can come out of the news. Some of it you have to build. You have to buy. And we've done that. If you have those two things, you can do proper analytics. AI helps with that to some degree. And that's where the value keeps on going up if you sell products that can do forecasting and analytics. And then the fourth factor is convening power. That is bringing people in that industry, in that sector, in that vertical, bringing them together. And if you have those four, you get actually a mini network effect inside that industry. We've seen that, for example, happen, and it didn't happen by design. We've executed against this with our manager, Joel Lang, who runs our risk and compliance business. If you have all those four parts, then you see the leaders in that industry come together and let's say take the rest.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“The Wall Street Journal, as you say, needs no huge explanation there. There's wealth in investing where we have barons, market watch, financial news, which is a title in the UK, but also private equity news. We've got compliance arm that has data on compliance. It helps companies discern should I do business with this person or not? Are they on a sanctions list or not? We've added since an energy arm and within that commodities and petrochemicals, we've added a leadership arm organically looking at what it takes to be a modern leader. And each of these verticals, if you will, are successful when they do four things. You have to have news and leading news in that particular vertical, in that particular area of concentration. We've got to be, unless you have that, you're not relevant.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“Maybe I want a couple of different tiles. Maybe I want the whole thing. That's fundamentally a way of thinking about how we operate and how ultimately also we're organized. And AI is actually helping a great deal with this and is accelerating this, or generative AI. AI has been an automation, has been with Dow Jones for a long, long time. Let's then make that a little bit more complex than that. If one of those styles is about bond trading, I ought to be able to get all information, premium information, live information, but also analytics and forecasting out of Dow Jones to help me in my job. The way that we're organized is sort of the cards that I was dealt when I took over almost five years ago as CEO was to look at Dow Jones as a platform of verticals. You've got business news. It's both a horizontal and a vertical.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT
“And it's most simplified form. Think of Dow Jones cube. And inside of it is all of our premium journalism or exclusives or explanation of what's happening right now or proprietary data that we have on many different sectors and the global economy. There's Factiva, many sources, thousands and thousands of sources from around the world sitting inside that Rubik's Cube. Tile on that Rubik's cube is a way to get out of Dow Jones what is important and relevant to you.”
2025-03-10 · Decoder with Nilay Patel · Dow Jones CEO Almar Latour on AI, press freedom, and the future of news · IDENTIFIED FROM THE TRANSCRIPT