The credibility of a newspaper or news magazine is essential so you can check it for accuracy. I'm not saying it's not valuable. One can make a case for just running everything. Just run it! That's one of the advantages of the web, you can run everything - but you don't help the reader find out what's important.

For 50 years my father worked for the railroad.

[The web] is going to end up being a tremendous advantage, providing we can work out the financial structure. I think we’ll see newspapers survive, being printed at home... Or you’ll have a local print shop, so that rather than waiting for the newspapers to arrive by truck, which is 30 percent at least of a newspaper’s cost, you’ll go in and push a button, and it will take your dollar bills without anyone having to be there. And it will print the newspaper for you while you wait. It will take seven minutes. There’s a terrific future for print in my view and it gives me great heart.

People were murdered for the camera; and some photographers and a television camera crew departed without taking a picture in the hope that in the absence of cameramen acts might not be committed. Others felt that the mob was beyond appeal to mercy. They stayed and won Pulitzer Prizes. Were they right?

What I'm driving at is let's not lose sight in our excitement of the democratization of the media that some things are bad, false and ugly - and no amount of electronic gloss will make them true, beautiful and accurate.

The democratization of news is fine and splendid, but it's not reporting. It's based on a fragment of information picked up from television or the web, and people are sounding off about something that's not necessarily true.

Transmitting information is easier than creating understanding.