Navigating the Media Landscape: Sensationalism, Misinformation, and the Quest for Truth

Brief Summary
On this episode of On The Homefront, Jeff Dudan sits down with media veteran Larry Wert, former NBC and Tribune Media executive, whose influence shaped Chicago’s airwaves for decades. From hiring Oprah Winfrey and firing Jerry Springer, to launching iconic personalities like Steve Dahl and Jonathan Brandmeier at The Loop, Larry’s career is a masterclass in media evolution. The conversation also explores his current ventures in whiskey, hydration, and healthcare—proof that retirement is just another chapter for high performers like Larry.
Key Takeaways
- The Early Years: Larry began as a diver on an athletic scholarship at the University of Wisconsin, later pivoting into media sales after realizing he wasn’t going to out-dive Greg Louganis.
- Hiring Oprah: While working at ABC Chicago, Larry was in the room when Oprah Winfrey was selected—against the consensus—based on a gut feeling by GM Dennis Swanson. The rest is history.
- The Loop Radio Revolution: As GM of Chicago’s legendary station The Loop, Larry oversaw an era of radio that launched cultural icons and pushed boundaries—from disco demolition to edgy improv talk radio.
- Media Disruption: Larry witnessed the entire media transformation—from three-network dominance to cable, digital, and now decentralized content. He offers a rare behind-the-scenes view of editorial shifts and why personality still reigns.
- Entrepreneurial Chapter: Post-media, Larry now runs several businesses including:
- Uncle Nearest Whiskey – Honoring Nathan Green, the Black master distiller who taught Jack Daniel.
- Bo 3.0 Hydration – A sugar-free hydration product with NFL legend Bo Jackson.
- Home Health – Providing post-acute care services in IL and IN.
- Restaurant.com & CardCash – Innovating how people use and redeem reward cards.
- What’s Next in Media: Larry predicts continued fragmentation, a rise in subscription models, and enduring value in strong personalities. He emphasizes the challenge of maintaining objectivity and the need for trust in news again.
Featured Quote
“Love and hate get higher ratings than like and dislike. That’s what changed the media game—and everyone had to pick a lane.”
—Larry Wert
TRANSCRIPT
Meet Larry Wert: From Lifeguard to Media Executive
Jeff Dudan (00:00.174)
can do a little banter but I am hitting record just so I don't forget to do it. How you doing? Man I'm so good it's good to see you. Yeah. Yeah it was. It was. Hey, how are you on time today?
Larry Wert (00:04.296)
Great, great. Amuel, how are you?
Bye, Christ. Bye, Christ. It was a fun night.
Larry Wert (00:17.384)
I suck, you know, I'm, I got sick two nights ago. Every one of my family had a birthday party. It was like a 24 hour stomach flu and I lost a day. So I'm scrambling.
Jeff Dudan (00:25.036)
Oh no.
Jeff Dudan (00:30.54)
No, but I mean, are you, are you good for an hour today?
Larry Wert (00:33.16)
Yeah, I can make an hour. I need to start driving within an hour though.
Jeff Dudan (00:37.166)
Okay, well, let's let's do for let's try to get I'll try to get done by here 11 Eastern, I guess that's tenure time. So. So the the we usually do kind of a hero's journey. So I mean, I'd love to go back into kind of how you grew up and early career stuff, if that's okay with you. Anything, anything you're comfortable with family, and early career. And then I've got, you know, what are you doing today type stuff, we did find something then at 1871 project, and I'm sure you got a lot of other stuff going on. But
Um, a lot of talk about media, your career stories. I saw, you know, you were connected to something about hiring Oprah and firing Howard Stern. I don't know if, uh, if those are things to talk about or not, but anywhere you want to go with it, let's just have fun.
Larry Wert (01:20.904)
Great. Sounds good, Jeff. Look, I'm transparent. I've lived kind of in a bubble for my career. And so I'm happy to, I don't know if I qualify for hero status. I'm sure I don't, but I'm happy to, you know, give you the background and do any Q and A you want. So you want to just jump in the pool and.
Jeff Dudan (01:37.612)
Okay.
Jeff Dudan (01:41.646)
Yeah, let's go. All right, here we go. Three, two, one. Welcome, everybody. This is Jeff Duden, and we are on the home front. And today we are with Larry Wirt, who has had an esteemed career in media and broadcasting in the Chicagoland area and parts unknown. Welcome, Larry.
Larry Wert (02:01.384)
Hey, good morning, Jeff. Maybe it wasn't esteemed, but maybe it was just plain steamed.
Jeff Dudan (02:03.214)
It's nice to s -
Jeff Dudan (02:08.194)
Well, we'll, we'll let the listeners be the judge of that. Um, well, it was great. I got to meet you at an event, uh, where we were looking at, uh, it was an investment, uh, event for an NBA team. And we quickly figured out we were both Chicago land people and, uh, decided, uh, based on our conversation to have you on the home front. So really appreciate, appreciate you being on this morning.
Larry Wert (02:34.3)
Thank you, I'm honored to be here. I really enjoyed meeting you and learning about your journey a bit. And so it's fun to be here with you this morning.
Jeff Dudan (02:43.726)
Awesome. Larry, did you grow up in Chicago?
Larry Wert (02:46.504)
I did. I grew up in a town called Riverside on the West Side and I went to a place called Fenwick High School in Oak Park and worked my way to the University of Wisconsin on an athletic scholarship. I was a diver. I always was into aquatics in my youth. Help me get my first job. I put aquatics director in my experience background and they said, what would that be? And I said, it's a lifeguard, basically.
just a cooler name, but I competed at Wisconsin and while I was there, I had aspirations to represent our country and compete. And then I went to the Olympic trials and I saw Greg Louganis and I decided I had to get a job. So that little pivot, I was lucky enough to get my first job in a Chicago ad agency called Leo Burnett. And...
Jeff Dudan (03:34.702)
Right.
Larry Wert (03:44.392)
before all the consolidation in the industry and that was kind of the eighth or ninth inning of Mad Men. What a wonderful place to start. And they were one of the biggies. While I was there, I met so many people who were on the sales side of broadcasting, selling commercial time. And they all told me that I was miscast in my job and that I really should be doing that. So I was lucky enough to get an opportunity on the West Coast with ABC television.
my first sales job. And there was only three networks then, there was no cable, there was no internet. There was not even a Fox. I mean, it was three networks, some radio and a bunch of newspapers. That was media. That was the media landscape. And it was very memorable times. The morning show on our TV station was hosted by Regis Philbin, locally in LA.
Jeff Dudan (04:41.39)
That's right.
Larry Wert (04:43.672)
What a blast, my first five years and exposure to Hollywood and television and sales business.
Jeff Dudan (04:52.558)
Larry, I don't want to get past this point without asking you what your best dives were.
Larry Wert (04:57.512)
You know, I guess I was considered strong but not pretty. I didn't have the world's greatest linemen and toe point, but I was.
Diving Into College Sports and Pivoting to Sales
Jeff Dudan (05:03.054)
Okay.
I can resonate with strong but not pretty.
Larry Wert (05:09.096)
I competed pretty well and I could do a harder degree of difficulty than many to overcome my lack of form and beauty. And so I was using a three and a half somersault and inward two and a half, one meter. I enjoyed twisting backward and reverse twisting. So I was really...
more comfortable with the higher degree of difficulty optionals than I was, you know, simple front dives. But I, you know, I'm...
Jeff Dudan (05:42.094)
And that's off the off the low springboard.
Larry Wert (05:45.32)
I competed on one meter, three meter, and a little 10 meter and loved it. You know, the big 10 back then, they had the dominant coaches. Actually, Greg Louganis' coach defected from Ohio State to go coach him in California. If you were fifth in the big 10, you were about seventh or eighth in the world. The Chinese weren't doing it yet. There was always a great Italian and a great Mexican diver. But it was wonderful to compete.
Jeff Dudan (05:48.878)
Okay.
Larry Wert (06:15.1)
you know, then and just have that experience along with, you my overall college experience.
Jeff Dudan (06:23.694)
That's fantastic. And then you moved, you got into media, which very fortuitous. I mean, media has just exploded in ways that you probably couldn't foresee back in the day. I mean, before the internet really, I mean, it's just the evolution of where we get our content and the impact that it has on us. I'd love to unpack your thoughts on what's going on currently a little bit later, but.
So you moved out to LA, are we on the West Coast for this job?
Larry Wert (06:54.312)
Yes, I did. I did my first five years out there, came back to Chicago for a stint, and then I ended up in New York. It was a time where the three big networks kind of dominated media consumption, and people had to make an appointment to watch the programming they wanted. They wanted to get their daily news. They had to go watch when it was available a couple, three times a day, and that was it.
They wanted their entertainment programs. They had to make an appointment pretty soon technology started Rearing its head and you had recorders, right? You had the ability to put a cassette recorder in and in tape a show so you could watch it when you wanted and then really, you know the advent of technology kept coming and Technology eventually made it easy to record your programming right on your you know, you're set top box and
and then more programming outlets started proliferating. Actually, the ESPN was one of the early cable frontiers and came in quietly with a different business model. It wasn't relying on advertising like we were, it was relying on subscription fees from people who were starting to buy cable. And obviously there was fewer limits on cable station capability. So...
There might have been in any given market, five, six, seven TV stations, but soon there was 10, 20, 100, 400 cable channels. And this was all before the internet started popping and which became another media platform. But as we all recall, our first experience with it was more of a dial -up.
to communicate with people in chat rooms. And the bandwidth just didn't allow content to be transferred in any reasonable time. There just wasn't enough capacity at that time. So all of this happened, I'd say, through the 80s. And by the time we're in the 90s, you just can see a different landscape developing, a media landscape. So.
Larry Wert (09:20.84)
And, you know, in big summary, you have technology which started immediately changing consumer behavior. And consumers started, instead of having to make an appointment, they were, you know, they were, they were, they were having their own programming to themselves. That was a big deal. You know, when I started the business model between networks and, and television stations were, we'll give you our network programming station and
you know, thank you for airing it so we'll give you some money. And then at some point, the demand started shifting and then the network said, hey, TV station, we're gonna give you that programming, but we can't afford to give you money anymore. It's too expensive to make programming and it's getting competitive. And then.
The Three-Network Era and the Dawn of Cable
Jeff Dudan (10:08.366)
So are you saying the content creators were paying to have their content put on the television stations and the networks? So the television stations were, my wife was in media. She worked for like Trump or communications. And then over the course of maybe in Charlotte, and then maybe over the course of 10 years, I think it was bought by somebody else. Then ultimately gobbled up by clear channel. So what you're saying is, and, and also pick this up from the, um, uh,
Bob, oh, geez, who's the guy that did the happy little paintings? Bob Ross. So it was Bob Ross. I also picked this up from the Bob Ross documentary. So, but it was, you know, most of these television stations were locally owned and operated. So they had control of the airwaves. Is that correct?
Larry Wert (10:46.536)
Thank you.
Larry Wert (10:58.888)
It's true, you know, thousands of in the country and the networks each owed a few of their own, you know, give it five, 10 or 15 in each market, the big markets, because they wanted to have some access to programming locally as well. So they always had a relationship between networks and then owning some stations. But you're right. That was, that was the relationship back then with networks and stations and how programming got disseminated.
Jeff Dudan (11:26.126)
Yeah, and I've met several people that we've had in our Homefront Brands franchise owned radio stations in the Triad area, Raleigh -Durham area. That's what their family did for 30 or 40 years. And of course, they got an offer they couldn't refuse. The local family business that owned the radio station here and the television stations. And so really interesting that access was what had value.
inside of that versus the content where now it's really shifted to where content is king and it finds every avenue possible. There's and you can get it any there's so many ways to get content and new ways coming out every day. I can only imagine the you know that they have and we've seen the impact in the newspaper industry. We've seen the impact in network television. We've seen the impact in ESPN.
where an upstart like Barstool Sports can come out and just absolutely crush.
Larry Wert (12:26.6)
Yeah, it's such an amazing seat change when you think about what it was and what it is and where it's still headed because audience fragmentation and choice is still, I think, expanding sideways. And again.
Jeff Dudan (12:38.478)
Who'd you work for in New York? In New York, who'd you work for? NBC? Okay.
Larry Wert (12:41.512)
I worked for ABC, the network, and then another time I worked for Tribune Media. When I worked for ABC in the 1986, that was the first media acquisition of any size in any notable nature. A small company called Capital Cities came in and borrowed a few billion dollars from Warren Buffett, and they bought ABC for 3 .5 billion. 1986, and I believe they sold it to Disney.
10 years later for 18 .7 billion. So once Warren Buffett had some vision and made a good investment there, but.
Jeff Dudan (13:19.854)
Yeah, you think, you think, I think, it might not be popular, but I think Warren Buffett one day will be very successful.
Larry Wert (13:27.496)
You think? Well, success is relative. And I mean, Jeff, you know, but I think I do too. Although he doesn't give a lot of money to his relatives, remember? That's what he said. But he brought up Trump. So I just had a communication with Jeff Trump. I mean, you know, some of the pioneers in this business are, you know, they're still around. And when we reflect on what was and what is, it's mind blowing.
Jeff Dudan (13:29.294)
I think.
Jeff Dudan (13:34.892)
I wish he was my relative.
Jeff Dudan (13:42.038)
Why would he? That's, you'll, you'll ruin them forever.
Jeff Dudan (13:58.414)
Yeah, absolutely. So how'd you get back to Chicago?
Larry Wert (14:02.248)
So a very pivotal, fortuitous time in my life. It was early 80 and interest rates were about 22%. Just got married and just got pregnant. And one of my mentors, who was actually one of the news leaders in LA, when I met those earlier years, became a first time general manager in my hometown in Chicago. And he just, he hand picked me back to be a sales leader.
And so I was lucky enough to come home and get that promotion and do that job. And then he did something even better for me. He hired Oprah Winfrey. I was in the room. I was around. But a guy named Dennis Swanson gets full credit. A lot of people take credit. But we watched that develop from just from obscurity to the phenomenon. So I was wondering.
Jeff Dudan (14:56.11)
So what did your team see in Oprah Winfrey that led you to take a chance on her?
Larry Wert (15:04.968)
It's funny you say that before she was selected, we had a room with piles of DVD tapes of applicants to be the morning show host in Chicago. And everyone in the room at some point voted and most people voted for someone else. But Dennis Swanson, I remember him saying, I have a feeling about this one. And.
Oprah was in Baltimore. She was kind of a not very high profile TV host. She looked pretty atypical to what you might see in a morning host position in a market like Chicago. And after seeing her tapes and meeting with her, he felt she had a unique quality that might resonate. He was spot on because her ability to connect with people in an authentic way that, you know,
gave credibility to that communication was just amazing. And, you know, some people say, could that have happened today in this environment with all this media? Yeah, I don't know, but it was a vertical climb to call it overall national audience acceptance. I mean,
Jeff Dudan (16:25.966)
Now she was in the color purple, right? And was that, had she been acting at that point or was this basically the very beginning of her career?
Larry Wert (16:33.864)
It all came off of her local Chicago television show. About 10 or 12 months into it, a syndicator named Roger King and his brother Michael, the King brothers, they owned, I think they owned the Little Rascals, and they just had a feeling. So they came to our station and Mr. Swanson and they said, we'd like to syndicate Oprah.
And he said, what's in it for us? And they gave him a deal for Wheel of Fortune and Jeopardy because they were just acquiring that. Anyway, that was the deal. It's still, it actually until Oprah retired, that was the deal, 28 years. Those are the most viewed.
The Oprah Decision: A Gut Call That Changed History
Jeff Dudan (17:16.014)
So she is basking in a, as Jerry Seinfeld said, he's living in a dream world of residuals.
Larry Wert (17:25.48)
Gosh, she did very well. So did the people around her. And yeah, that was a remarkable phenom. But it was neat to be there at that time. And then the acquisition of ABC was also an interesting culture change. And you could see things were starting to really change. And I was approached by a radio station in Chicago at the time. And they were actually my client.
Jeff Dudan (17:27.82)
Hahaha.
Larry Wert (17:56.264)
And they said, look, we're going to acquire a station in LA. And the general manager said, would you go back there? And I was a sales manager. He was offering me a general manager position, but I would have had to go back to LA. So in a short order, after 10 years with ABC and a little bit of stock equity and my career was going fine, that was a moment where.
The idea of going back to LA didn't sit well at home. So they said, okay, what if, you know, what if you take Chicago and I go to LA? And that's what happened. It was a small company called Evergreen Media. The station here was called The Loop. And the irony is that that small little team in the acquisition of LA under a guy by the name of Jim DeCastro became the world's largest, the country's largest local radio company.
It was sold to Clinton Hill.
Jeff Dudan (18:53.934)
All right, was that Steve Dahl? Was that Steve Dahl? Was that Jonathan Brandmeier? Who was all in the loop?
Larry Wert (19:00.712)
You're correct. It was Steve at Gary, Steve Dahl and Gary Meyer. It was John B. Ramire, Johnny B. and Kevin Matthews. I brought in Danny Vanaducci. We had sports with a guy named Chuck Coppett. I mean, actually, as we sit here now, one of the projects, my passion projects, I've been working on with some people for four years is a documentary on the loop in Chicago in the 80s.
Jeff Dudan (19:04.398)
Yeah. Yep.
Jeff Dudan (19:13.294)
That's right.
Jeff Dudan (19:26.03)
That's worth doing. I'll tell you what. So I grew up in Chicagoland and I was not very well traveled growing up. I think I went to Wisconsin twice, but you know, we, and then as I started moving around the country and my athletic career and my business career, I would see, you know, I'm like, why are there so many Cubs fans? Right. I mean, WGN, WLS, the loop. I mean, people all over the country.
knew about these people and, and consume the content on these stations. And I don't know if it was because it was syndicated programming and, and you did a great job selling it out or whatever, but I was really kind of proud actually when I would, uh, you know, be able to, you know, pull that stuff up. I, I, we identified with it. It's what we grew up listening to. We didn't have a lot of options, so that was it. And whatever Steve doll was doing, uh, you know, we talked about in school.
So yeah, that must have been really something and you must have done a heck of a job with that team to really develop that content and distribute it in the way that you did.
Larry Wert (20:29.992)
Well, the documentary starts in 79 when there was a radio promotion with Steve and Gary at the White Sox game. It was a double header that they decided they didn't like disco and it was at a disco demolition event that went bad. Yeah. Yeah. And it's funny. It's kind of starts the timeline of our documentary, but disco demolition has been featured in many documentaries lately. You know, just the Bee Gees. There was one on that loan.
Jeff Dudan (20:42.062)
That's right. Death to disco, death to disco.
Larry Wert (20:59.784)
There's a little controversy whether it was a racial homophobic event or was just a promotion that went bad that, you know, they use too much dynamite and the records, people brought their record to get in the game free and then they got blown up and there was chaos. But...
Jeff Dudan (21:16.558)
That's right. Yeah, they so for people that don't know they they if you brought an album, a disco album, they were going to explode it. They were in the middle of the field, right?
Larry Wert (21:27.88)
Yeah, like I said, used too much dynamite, records flew everywhere, there was chaos, police, authorities, fire trucks, and they had to cancel the second game. Yeah, yeah, yeah, good old baseball game. And there are...
Jeff Dudan (21:35.854)
shards of vinyl and children.
Jeff Dudan (21:43.118)
Well, you know what they say, there's no such thing as bad publicity.
Larry Wert (21:46.856)
Well, that was really what happened. And then my, you know, my, the lead guy at the loop, Jim DeCastro brought Stephen Gary over to the loop because they got fired from their station. And, you know, then Brandmeyer and what happened to rock and roll great station known as the loop started playing less music and more talk. And these guys became so popular as a cool hip water cooler that we became a bit of a phenomenon too. You know, we, you know,
We brought Howard Stern here, it didn't work out. That's, you know, because there was an audience expectation of what they wanted in Chicago. So I think it'll be a fun show. I think we're going to call it, turn it up. You know, how Chicago's Loop changed the face of radio. It was about a 17 year run and excited about it. But it's also about Chicago in the 80s, you know, the Cubs, Chicago, 85 Bears, maybe the greatest NFL team ever.
You have Oprah, Bram Mauer became a giant phenomenon. Our other guys. I mean, it was an interesting time here. Jerry Springer is another pivot point in my career. Yeah. Well, after 10 years of this radio role, and we grew to 430 stations, again, Evergreen, when public became Clinton deregulated radio, we just got big. We became, we sold the Clear Channel.
Jeff Dudan (22:54.222)
Jerry Springer there?
Jeff Dudan (23:00.174)
Oh really?
Larry Wert (23:15.688)
But at that point, I get a call from an old mentor, Mr. Swanson, who had migrated to NBC after a lot of years. And he's in 30 Rock. And he goes, kid, some idiot put Jerry Springer on the late news in Chicago and all the anchors quit. It's real crazy. I saw that, Dennis. And he said, well, they want to know who could fix it. And I said, either me or you. And he goes, I'm not going. I already did that there. It's your turn. And...
He didn't even give me a choice, but I owed him so much. That's how I joined NBC in 1998, running the station in Chicago. And it began, that was 15 years after that. It was all over Jerry Springer, you know, and who, by the way, rest in peace. I adored him, great guy. We lost him last year. He, he had very interesting, smart guy. He made more fun of his show than anyone.
But I did have to fire him when I got there. I took his show off the air and it went to Fox, but I had to keep him in the building as his landlord because we needed the revenue and it all worked out.
Jeff Dudan (24:27.438)
Nice. Nice.
Larry Wert (24:30.792)
Sorry.
Jeff Dudan (24:31.598)
Oh, that's no problem. So Larry, you've had this incredible career. And when we met, you know, we were talking about current business, current opportunities. What kind of stuff are you working on today?
Larry Wert (24:50.472)
Yeah, you know, this I did have 40 interesting years and great, great people that guided me. And then, you know, all this change, I got to witness it, participated in it. My my last I call it part of my grownup career. I ran Tribune Media, which was a Chicago based giant media company. Most people even here see it as a newspaper, but they owned television stations in.
12 of the top 20 markets, the big ones in LA and New York and Chicago super stations like WGN and WPIX and KTLA in Los Angeles. And when I went there, the company had gone bankrupt. They owned the Cubs, they sold them. It was unfortunately, the company acquired the LA Times in the 2000s and then something
came along, a third of all the revenue in newspapers were classified ads. And Craigslist showed up, they lost a third of their revenue, and we overpaid, we, Tribune at the time, overpaid for the LA Times. And it bankrupted the company. The people who bought the debt brought it back, and I got recruited to come in post -bankruptcy, and the decision was to make two companies.
Radio Royalty: The Rise of The Loop and Disco Demolition
newspaper and then broadcasting and double down and broadcasting. So we did that and we became the nation's largest local television group. And then President Trump did some deregulation and that Obama eventually undid. But we were able to sell our company in 2019 to a company called maybe 2018 called Nextar, a Dallas based media company. They're the largest now in the country, about 70.
2 % of the country's TV stations. And for the first time in my career, I tried to just take a breath and say, okay, now what am I gonna do? I don't want a boss for once or a board of directors. And I always was kind of a frustrated entrepreneur in some ways. And I tell people now that in this last four years, I kind of screwed up retirement. I really messed it up because -
Larry Wert (27:14.568)
I got over -involved in too many things. So that's how I got to this chapter now. And I'm doing several things. I'm running a home health care company, which is Chicago and Indiana based. I'm running a...
Jeff Dudan (27:33.55)
Is it medical or medical or non -medical?
Larry Wert (27:36.456)
Yeah, well, it's for post -acute care at home. So people have orthopedic surgeries or they need wound care, whatever they might need. We follow them home and give them clinicians and nurses to take care of them. And we generally bill their insurance providers or Medicare or Medicaid, whatever it might be. Interesting business. And then I'm...
Jeff Dudan (27:47.534)
Yeah.
Larry Wert (28:06.12)
I'm also running a food and beverage company for a company called Jackson and Partners that got, you know, plant -based food has gone through an interesting iteration and they were focused on it. And so I joined, my partner's a bit notable, his name's Bo Jackson. He was a fairly good athlete and yeah, but he's also a food guy. And so we've pivoted a little bit. We still...
Jeff Dudan (28:17.486)
Yes.
Jeff Dudan (28:26.67)
Yeah, I've heard of them.
Larry Wert (28:35.432)
We still sell plant -based items and we still sell Bo burgers, great hamburgers, but we comprised and designed a hydration product last year, 17 months ago, and we just launched it two weeks ago. Thank you. That was a first, from beginning to end conception through regulatory approvals to...
Jeff Dudan (28:42.414)
Okay.
Jeff Dudan (28:53.358)
Oh, congratulations.
Larry Wert (29:04.198)
you know, execution and manufacturing and then learning how to get it up on the world's biggest store, Amazon and our website, creating a website has been.
Jeff Dudan (29:13.87)
So is the Bo Burger competitive with the Impossible and the Beyond Meats?
Larry Wert (29:19.208)
It's not, we're actually true Angus beef. But we have some other products that are plant -based. We have different shreds and chicken, plant -based chicken items, and we have some jerky, so some small meals. But Bo is just a great guy and he loves this project because there's so much, this is a big new category. Energy drinks are in war, but hydration, 75 % of Americans are dehydrated.
Jeff Dudan (29:22.924)
Okay.
Jeff Dudan (29:26.7)
Okay.
Jeff Dudan (29:31.726)
Got it.
Larry Wert (29:48.936)
when we learned the big dog in the category liquid IV had so much sugar, we started thinking, what else could we put together? And we learned with our partner, Cary International, that there are a couple ingredients out there that no one were using yet, kind of new in terms of their efficacy and clinical findings. One's called Capros and it stimulates blood flow, so cardio support. And one's called IU -Flex and it naturally lubricates joints. And we said, well, what if we put, you know,
those two ingredients with the right amount of hydration, no sugar. I'm thinking of these three things and came up with Bow 3 .0. And it's, you know, go to Bow3plio .com. You can look it up on Amazon, but we love the product, three flavors right now, no sugar. We added some wellness with vitamin C and zinc and potassium, and we're excited about it. So.
Jeff Dudan (30:43.982)
Well, I tell you, so I'm an early stage investor in Impossible Foods. We've done well. And we've still got a long way to go there with that product. But it has good distribution. And it competes well with the Beyond Meats. And then one of our more, I've had two guests on that really hit this food thing. I had a DNA expert on called Kashif Khan.
cash con and he's a DNA expert and he really talks about how your foods are so critically important. If you get your DNA testing right, I mean, think about this, you have a family of five, you all have slightly different DNA makeup that you shouldn't eat certain things. You know, you can, you might, if you eat certain things and you don't clear certain amino acids that you're going to be.
more susceptible to Alzheimer's or dementia or these other types of things. But if you don't eat those foods or you take this supplement, you can head those off. So that's one of our more popular episodes. And then another one, we had Andrew Zimmern from Impossible Foods, and it was all about foods and food scarcity and the stuff like that. So we kind of have a celebrity chef slash DNA health, you know, track running here on the home front.
And I'll put, I'd love to have a bow on to talk about a bow 3 .0 if we could make that happen.
Larry Wert (32:07.144)
Yeah, we definitely can make it happen. I mean, he's just, he's getting busy again. He's go, this is the start of the baseball season. So he's going to go to some training camps, but we'll definitely make it happen again.
Jeff Dudan (32:17.422)
Alright, well we gotta get him before deer season. Because I think he's a yeah, he goes into the woods, doesn't he?
Larry Wert (32:20.23)
That's true.
I mean, every day around his house, it's either Squirrel or Woodpecker season two. So he's a hunter. But we're excited about this. We'll definitely, he's a much more fascinating hero interview than I am. So we'll set that up here.
Jeff Dudan (32:30.718)
Nice.
Jeff Dudan (32:39.214)
I don't know. I don't know. This has been pretty fun. And then.
Larry Wert (32:42.152)
Thanks. Thanks. So that's all the food and beverage and I got two spirits businesses I'm involved in. One is a whiskey that interesting day today because our CEO was on the talk yesterday and announced a book that's coming out. But it all started six years ago when she showed me a picture from the Wall Street Journal of Jack Daniels and about 80 people with them guys and then they...
Jeff Dudan (32:49.262)
Okay.
Larry Wert (33:11.208)
She pointed to one black face and she goes, who's that? I said, you know, she goes, nobody knows. She goes, but I've been researching it for a year and his name is Nathan Green and he taught Jack Daniels how to make whiskey. So I think he was the nation's first black master distiller. And he came up with this process called the Lincoln County system with maple. So anyway, she wanted to make a movie. And then the family that she researched said you should do a whiskey in his honor. Anyway, it is now.
Nations most awarded fastest growing whiskey for four years and it's it's right now globally Becoming that and it's the distillery in Litchburg, Tennessee Shelbyville exactly where it is near Jack Daniels is the seventh most visited distillery in the world and You know, she just announced a book. It's a real exciting project uncle nearest whiskey Yeah, yeah
Jeff Dudan (34:06.894)
Uncle nearest. OK.
Larry Wert (34:10.312)
I should have brought some props. But yeah, it's Friday in Chicago. We doze, but never close, but it's happy hour. And then we launched a tequila a few years back. First, a seltzer, organic, called Freshy, very clean. But then the new tequila is called Authentico, same distillery in Mexico. And we have no additives and no it's.
Jeff Dudan (34:12.142)
Yeah, that's a little early, but you know.
Jeff Dudan (34:19.306)
Hahaha!
Larry Wert (34:38.664)
fully organic USDA supported, and there's thousands of tequilas out there, but we think ours is in a cleaner, affordable space, and we're excited about it. So like I said, I, you know, I, Jeff, I did not retire well. I maybe over, you know, amped my next chapter, but that's why it was so great to meet you and learn a little bit about all you've done and continue to do, you know, even with your...
scratching your curiosity niche like this with your audiences. I think it's pretty cool.
Jeff Dudan (35:14.638)
Well, look, we can't leave. I got asked that question last week. I was leading some roundtables out in Phoenix for our industry association. And why don't you just walk away? I sold my main company when I was 50. And it's like, why would you want to leave with everything that you've learned? Why would you want to stop meeting new great people, solving problems? Business is full of contact. It's a sport.
Larry Wert (35:42.504)
Yeah, good.
Jeff Dudan (35:42.702)
And, you know, it's just, it's, it's like, you know, that if you want to fish or you want to hunt or you want to golf and you're, you want to do church stuff, or you want to volunteer at the hospital, I think all that stuff's great if you want to do it. But, you know, for me who I mean, and started building businesses when I was 19 years old, then, you know, I don't know anything else. And, um, I don't know any, I don't know another way to contribute.
Firing Jerry Springer and the Springer Fallout at NBC
Larry Wert (36:11.08)
Well, admirable and I've already raised my hand to you offline to tap into some of your expertise on franchising because there's another business I'm newly involved in as well. So, yeah.
Jeff Dudan (36:25.262)
Yeah, we'd love to do it. We'd love to do it. Can I? Media today. Carefully wading into the topic. It's. You know, it's gotten very. It's gotten interesting. There's a lot of impact. There's a lot of influence. Oh, both 3 .0 got the hat on. Awesome. I like it.
Larry Wert (36:32.296)
Yeah.
Larry Wert (36:48.008)
I thought he'd kill me. I mean, I don't want him to get mad at me. You didn't even promote it. Well, you know, come on, bro. We got a pack of 15 right here, your three flavors. So, all right, plug done.
Jeff Dudan (36:53.486)
Ha ha.
Jeff Dudan (36:59.31)
Awesome. The, um, you know, like what's, uh, what, what perspective can you provide for somebody like me who, I mean, I just, I don't know where to get my news anymore. And I don't know, uh, you know, how to filter it. I mean, it used to be, you know, I'd watch 60 minutes. I'd take it at face value. I'd watch, you know, public broadcasting. I'd watch the documentaries. I mean, I, I.
I really, uh, growing up, I mean, it was like, this is where I get my news and this is where I get my truth. This is where I get my education, my information. This is, I broaden how I think about things. And I just advertising has gotten so pervasive and, uh, you know, influence and special interests inside of that. It's really hard to understand, you know, not be suspicious of everything that I listened to.
Larry Wert (37:50.952)
Boy, is that a tough question, because like you said, there's 24 hours a day, there's just so much out there. And so I don't think there's a magic formula. I think that question and that struggle exists for everybody. And depending on your tribal environment, who you hang with and who you live with, which is a big influence, you have to serve.
Jeff Dudan (38:14.51)
Right.
Larry Wert (38:19.368)
and trust, you have to decide. And I look, I spent a lot of days on panels defending local news because I learned in the 90s when I was at NBC, it's funny, we were struggling with MSNBC, the channel. It was actually losing a lot of money. People probably don't know that MS and MSNBC stands for Microsoft. And they had made a 99 year deal with Microsoft. And I remember Steve Ballmer pounding a table.
being so angry at how badly the channel was doing. And NBC was so focused on doing a objective down the middle news channel. And if they were losing to Fox, which had now been six, seven years underway. And so I know people are rolling their eyes that I said a network was trying to be objective with a news channel. But I believe that that was...
always the goal for true journalists. What happened was made clear. And what I've learned is love and hate get higher ratings than like and dislike. So what does that mean? Well, Fox and Rupert Murdoch picked a lane, right? Because there's more love and hate over there. And then, so finally, I'm in a big room at 30 Rock and so why don't we pick the other lane? And there was a whole lot of we can't do that.
Jeff Dudan (39:36.332)
Yeah.
Larry Wert (39:48.712)
And then someone finally said, well, we better. And so that...
Jeff Dudan (39:53.134)
Look, if you're not living on the edge, you're just taking up space. I mean, if, you know, people, vanilla content, right? I mean, if we're not on this podcast, educating, entertaining, or inspiring, then nobody's coming back.
Larry Wert (39:56.968)
Yeah.
Larry Wert (40:08.808)
You're exactly right. And so look, is there a place or a role for call it, you know, completely objective news? I used to make the case for local media, although stations and local markets are a little bit indigenous to wherever they are. Right. We know that the red, purple, you know, blue states and everything in between. Right. So but I think they strive to do that. I, you know, when I was at Tribune, we did eighty two thousand hours a year of
of local news and I can promise you that with news director meetings and daily check -ins, that was our goal. Consumers don't believe that anymore because they're just pounded with what really is editorial, right? And free speech, yeah.
Jeff Dudan (40:57.228)
Can I ask you a question? Can I? Yeah, it's editorial. Well, so like observationally, there's two real drivers here. Number one is the dollars. Like what's going to get the clicks and the eyeballs to be able to make sure that the station or the outlet makes money? And then number two is there's people behind all of it. So if people, to your point, you got to pick a side, you got to pick a lane, everybody gets in their echo chamber. So now people that are actually at the
point of it. And we've seen it go bad with some of these big companies where they maybe throw maybe they throw a commercial out there that didn't land the way they wanted it to. And they upset, you know, part of their base. And so now they've got to come back the other way. But somebody made the decision to say, this resonates with me, it's going to resonate with other people like me. And it should resonate with everybody because in my echo chamber, I'm right. Now, answer me this, though, this is my question. Have you seen those little internet videos?
Larry Wert (41:48.68)
Buds, buddy.
Jeff Dudan (41:55.694)
where they clip like 25 different local news stations together and they're saying exactly the same phrase, exactly the same way, with exactly the same buzzword. How does that happen?
Larry Wert (42:12.456)
I have seen some of those montages and I think a lot of that has to do with the edit room. I do, you know, again, I manage 42 stations and I've watched them a lot. So I think, look, I think you can, we give them enough capability to make that, right? But there's also some liberty taken in the edit room.
Jeff Dudan (42:16.746)
Yes.
Larry Wert (42:41.96)
So it's a comedy.
Jeff Dudan (42:42.19)
Well, look, so like, I own a fitness thing, right? A fitness franchise. We put the workouts in, and then every franchise delivers the same workout. So to your point earlier, if the Tribune media owns 42 different stations, and it only makes sense to centralize the production of content, and then it just gets put out there, so everybody's reading the same teleprompter, it's really not collusion.
It's just business efficiency. Is that fair?
Larry Wert (43:12.84)
There's some centralization and standardization and economy of scale, right? To do that, like you acknowledge. But at the same time, you know, again, I go back to each market has its own, you know, indigenous environment and you have to customize for them. You know, McDonald's looks different in China than it does in, you know, in your market, right? Sometimes. And the menus are a little different. But, you know, I think that's true about local TV. But boy, yeah, we sure look bad when someone...
Jeff Dudan (43:17.454)
Right.
Yeah.
Jeff Dudan (43:27.63)
Okay.
Jeff Dudan (43:36.396)
Right.
Larry Wert (43:43.304)
does, you know, homogenizes an edit like.
Jeff Dudan (43:47.182)
Well, anybody who doesn't realize that news, I've been, I've done a lot of news and what I realized is these people are so incredible at reading what's in front of them. They have no input. They're not, I mean, they're, they're just reading like they're the teleprompters going, they're reading the script. It sounds conversational. They deliver it so well and they just, they don't have to prep at all. I mean, I'm standing in the back with some of these people that are getting ready to go on. They're not, they're not reading anything. They're just.
Post-Media Ventures: Whiskey, Hydration, and Healthcare
Larry Wert (44:01.864)
Yeah.
Jeff Dudan (44:16.174)
They just plop up there and they read the content. They deliver the news like they're supposed to. So yeah, there's no.
Larry Wert (44:21.608)
Right. And they rarely, rarely write it. They rarely research it. And, and then mistakes are made on both sides. Mistakes are made on the content creation and the edit. And then sometimes things are misread. And then if you clip those things, right, because it's live, it's live. It's, you know, local news is live. National network news is live. And so yeah, stuff happens. And if you edit all the blips and the, you know, it can be entertaining.
Jeff Dudan (44:25.998)
Right.
Jeff Dudan (44:38.734)
Yeah, right.
Jeff Dudan (44:51.438)
It can be, it can be. So any vision into where the opportunities are in media over the next five to 10 years? Is there any trends that you see that maybe the rest of us aren't aware of yet?
Larry Wert (45:08.104)
I still believe that personality matters. I always have. I mean, that's what made this group experience so unique because we assembled some unique, great, albeit different, but aligned personalities all in one place. So whenever you hit the button, you knew you were going to have some escapism and some entertainment that was all improv, right? Nothing was scripted. But these news cable shows.
Those are personality driven talk shows. Most of them fail. Personality driven sports talk sports shows, you know, not when you have an athlete to have a personality, they really stick out, don't they? I mean, you know what? They have both right. And so I just think there's there's value to talent and personality and, you know, but I say it is the fragmented universe of.
Jeff Dudan (45:52.302)
Absolutely.
Larry Wert (46:07.3)
consumption is I think it's going to continue. And so, you know, we have so many channels and platforms we can consume from the net result is more overall consumption growing up, believe it or not. But there's only, you know, so many hours in a day. So the only thing that can ultimately drive that is population. And, you know, people really, they still watch a small number of channels with even with all this choice. I mean,
So how do you become the choice? How do you resonate, stand out? Podcasting didn't really exist, I would say 15 years ago, per se. I mean, it was possible, but once it became clear that content didn't have to be live,
and people were becoming more accustomed to programming to themselves when they want, where they want. All of a sudden this podcast platform became about, because the barrier to entry is pretty low. Now, what have we learned? There's new ones every day, but there's a small percentage of them that get some sort of a scale and some sort of a targeting to that scale. And so it's...
It's really what you deliver and then, you know, who you recruit to be your loyal fanship. You know, I mean, you know this, we're all striving to create a connection and garner a loyalty, because that's the great business model. And of course, scale is relative, you know, they don't all have, you know, it's not just the numbers, qualitative and quantitative together matter.
But yeah, it's still looking down the road a little bit. The interesting part to me is how do you monetize things so you can support them so they can survive? And those models keep changing. I'm in the spirits business and it used to be a couple of consolidated big distributors. And then you realize they have so much they can't care about a brand. So then you fall back and you find...
Jeff Dudan (48:26.638)
Right.
Larry Wert (48:30.376)
some boutique passionate ones. All in this environment, a way to cut through. In media, the model's moving from advertising to subscription. So you either get people to decide that they're going to pay a daily monthly a la carte fee to consume, or you...
put advertising in front of more both. But there's been a big shift towards some sort of a subscription model. And of course, yeah, free content is just trying to get enough scale to then monetize it later.
Jeff Dudan (49:04.494)
Yeah, I -
Jeff Dudan (49:09.55)
Well, that's true. And I'll say the ones that you're willing to pay for are the ones that are farther out on the edge. The ones that really serve your echo chamber and the stuff that you want to hear more of. You're willing to pay anything to be able to be served what it is that you like and to reinforce some of the positions that you have. You don't see a lot of the, I mean, I don't know. You don't see a lot of the really.
clearly objective stuff monetizing out there and there is so much free content out there. You really don't have to pay for anything to be able to get 10 or 15 minutes snippets of the stuff that's behind the paywall anyway. They're just teasers, but there's a lot of it there. So, well, hey, Larry, no, go ahead and go ahead. I was just gonna.
Larry Wert (49:48.072)
It's a risky idea.
interesting phenomenon that's going on is there's so much choice that people are starting to sign up for and subscribe to things that they can never get to and consume, right? And so now some businesses, they count on that part of the model. I'm involved with a company called restaurant .com that just merged with a company called Cardcash. And that's a lot about, you know, getting, aggregating cards that you've earned.
The Fragmented Media Landscape: Why Personalities Win
Jeff Dudan (50:00.878)
Right.
Jeff Dudan (50:04.94)
Yeah.
Larry Wert (50:21.416)
balance on one way or another points or a balance and people don't use them all. So Card Cash actually brings value to those and there's an aftermarket for those cards and everyone eats and goes out to eat. So that's a great partnership with restaurant .com. And we're very excited about, you know, for the consumers, helping them use monetize, you know, those type of benefit cards, those type of loyalty clubs, along with having, you know,
local restaurant choice and the ability to connect all of that.
Jeff Dudan (50:56.814)
Yeah, I'm familiar with those two companies and that we've participated in some fundraisers using some of those some of those things. Larry, I want to be respectful of your time. I know you got to jump and get on the road. So we're going to get you out of here on time. Last question for you. If you had one sentence to speak into somebody else's life, what would that be?
Larry Wert (51:20.52)
guess it's what's on my mind. But just prioritize your time. I don't want to cliche, but obviously health and family and all of those things. But your time and how you use it is the number one currency you might have because it's finite. It comes and goes. So I try to use, get the most I can out of every day.
I could tell you do. I hope people realize what an opportunity it is to have the ability to maximize time, maybe too, I don't know, generic and lofty at the same time.
Jeff Dudan (52:05.432)
Interesting, incredible, incredible truth. I heard last week that 18 minutes a day is a hundred hours a year. So think about the things that, how many things do you do that waste 18 minutes a day where you could develop a hundred hours of a skill. You could learn, in 18 minutes a day, you can learn to speak a foreign language. You can write code, you can develop a business model, you can...
Larry Wert (52:17.896)
Bye.
Jeff Dudan (52:34.318)
You can write a book in a hundred hours. You actually, I mean, like with the tools you've got today, there's so many things that you can do, but, uh, you know, and then you burn, you know, two hours on Tik TOK first thing in the morning. Right. So it's, it's, it's a very Sage and there's so many distractions on our time and our attention. Now. I think it's harder and harder to sort that.
Larry Wert (52:54.824)
They say I've heard that in a hundred hours you can learn any skill and be, you know, pretty adapt at it. So think about that. That's a great, interesting, you know, factoid.
Jeff Dudan (53:04.334)
Yeah, a hundred percent. Larry Wirt, this has been amazing. How can people get in touch with you if they wanted to?
Larry Wert (53:11.784)
I'm pretty accessible. I'll put out an email. It's just my initials, ljw at larrywort .com. To a fault, I get back to people. I'll do my best, but again, that time management thing's the son of a gun. But yeah, thanks for having me on. Great to see you again and look forward to more learnings with you together.
Jeff Dudan (53:37.358)
Yeah, 100%, and that's Larry W -E -R -T, is how he spells it. So thank you, Larry Wirt, for being on the home front today with Jeff Duden, and thank you everybody out there for listening.
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