Yes, you are running businesses, and yes, we understand and accept that, but surely there must be a level beyond which profit from news is simply indecent.
Sentiment: NEGATIVE
If a man, for private profit, tears at the public news, does so with the impatience of one who thinks he actually owns the news you get, it is against the national interest.
At times, some journalists see nothing in the people apart from an opportunity to make material gain. They see them as consumers to whom we sell commodities at huge profits that keep our bank accounts growing.
I really do think we're going through a period of concentration of ownership of media, and we're starting to see the effects at the editorial level, and it's all bad. This increased pressure for profits every quarter, smaller news hole, less coverage of important stuff - the extent that it's become one giant infotainment industry.
Our business is all about helping someone - a founder, a CEO - building a great business. It's not about seeing our names in the press.
Obviously you have to make a profit to put out a newspaper. I'm not an idiot. But when the margins are in excess of 25 per cent you're talking about greed.
If you're going to be in the business of news and telling people the truth... you've got to be honest. You've got to have the same rules for yourself as you do for everyone else.
When you're in the news business, you always expect the unexpected.
We are in the business of gathering the news. We're not in the business of talking about the news.
But my observation has been, certainly in the news business, you've got to give 110 percent.
Business news is sexy.