06/26/2013 09:19 pm ET Updated Jun 27, 2013

Arianna Huffington And Walter Isaacson Talk About Their New Partnership, The Third Metric And The Future Of Media (VIDEO)

What happens when two powerful minds (and old friends) come together at a festival about ideas? A freewheeling conversation about the future of the media, the importance of wisdom in decision making and the need to redefine success beyond money and power, of course.

Arianna Huffington sat down with Walter Isaacson, president of The Aspen Institute at the Aspen Ideas Festival today to discuss all of the above, and more.

"The wisdom we can have when we sit and talk together is so much greater than each of us individually," Isaacson said.

Talking about the new model for television created by HuffPost Live, Huffington said, "It's about being engaging and bringing in the viewer. The viewer isn't passive anymore."

The conversation ended with a discussion about the new "HuffPost Aspen Institute" section that launched on The Huffington Post yesterday. Dedicated to facilitating conversations around a raft of themes emerging from the Aspen Institute's programming, the section will host experts, commentators and bloggers on issues ranging from bipartisanship to service.

"I felt that it's a shame that not more people can be part of [the Ideas Festival], but we now have the opportunity to take these conversations.. and make them available to millions and make them be part of the conversation, too," Huffington said.

Watch the full conversation above.

This video is part of a series of interviews with speakers, attendees and panelists at The Aspen Ideas Festival, produced by The Huffington Post in conjunction with The Aspen Institute. For more videos from the series, click here. For more information about The Aspen Institute, click here.

Check out real-time tweets from the Aspen Ideas Festival here: