kottke.org posts about Terry Gross

More on the mattress racketMar 19 2014

I wrote a post the other day about how name-brand mattresses are a scam and lower-cost alternatives. In a 2009 interview with Terry Gross on Fresh Air, Josh Kosman provided one reason why mattresses are so expensive: private equity firms.

In the mattress industry, private equity firms bought Sealy and Simmons, the number one and number two brands by a mile. They stopped really competing against each other. They cut costs, and they raised the prices of the mattresses. They started focusing only on the top end and stopped even making mattresses really for middle-income people that cost less than $1,000. So basically simplifying this over time, as they bought Simmons and sold it to another PE firm three or four years later, and same with Sealy, the buyers -- the sellers would make a lot of money, and the buyers felt, well, we can keep raising prices because there's no competition. We own Sealy, and we own Simmons. It's different firms, but they both have the same aim: to make a short-term profit, not to beat each other up on price. What happened over time was they couldn't raise the prices anymore, and the prices were raised double the price of inflation, double the rate of inflation. They cut the beds in half, so you came up with no-flip mattresses. That cut their manufacturing costs, but it also...

...it also sent their earnings soaring, even though the beds don't last as long. (thx, @gokari)

Live from February 1996Aug 13 2010

Roger Ebert just tweeted:

Terry Gross is re-running an interview with Gene Siskel and me on NPR's "Fresh Air" today.

The episode isn't up on NPR's site yet, but a search of the archives turns up only one hit for Gene Siskel on Fresh Air:

Film Critics GENE SISKEL and ROGER EBERT join Terry Gross on stage in Chicago for a "live" audience version of Fresh Air. This was recorded in February 1996. The duo began their TV collaboration in 1975 on Chicago Public Television station WTTW. After two successful season, the program became a national PBS show. In 1981 it moved to commercial television.Their show is now known as "Siskel and Ebert" and is heard in 180 markets. Gene Siskel is film colmnist for the Chicago Tribune, and Roger Ebert is critic for the Chicago Sun-Times. "Siskel and Ebert" has been nominated for five national emmy awards. Ebert has recieved a Pulitzer Prize for film criticism.

I don't know how people in the industry feel, but for me, the internet is the best thing that ever happened to radio.

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