I've operated and launched newspapers all over the world.

Most newspaper companies still have their heads in the sand, but other media companies are aggressive.

My worry about the New York Times is that it's got the only position as a national elitist general-interest paper. So the network news picks up its cues from the Times. And local papers do too. It has a huge influence. And we'd love to challenge it.

The buck stops with the guy who signs the checks.

There is so much media now with the Internet and people, and so easy and so cheap to start a newspaper or start a magazine, there's just millions of voices and people want to be heard.

Size and synergies between the different segments of the company matter. As far as we are concerned, the Internet is broadening our opportunity, as well as for other big media companies with huge resources in sports, entertainment and news. There's just more opportunity.

[Falling pound] makes us more competitive.