It's about ethics in journalism, with Ben Smith

Nilay Patel talks to Semafor editor-in-chief Ben Smith about the media company's profitable, events-driven business model — which generates about half of its revenue from live gatherings — and the ethical conflicts that pervade journalism today. Smith contrasts his experience at BuzzFeed during the social-media traffic boom with Semafor's diversified approach, now four years old and growing fast.