Channels with Peter Kafka

Digital media companies are headed for a crash (David Carey, president, Hearst Magazines)

Hearst Magazines President David Carey talks with Recode's Peter Kafka about how the 130-year-old media giant is striking a balance between its print legacy and the digital future. Carey says print still accounts for two-thirds of his division's profits, and it will be a "long time" before those lines cross. And he predicts that many digital media…