Constant change is going to be with us forever.

Big media companies can't be like big battleships; they have to feel nimble.

The U.S. business for most magazines is a moderate growth business. The international business - especially in China and Russia - is a faster growth business.

One of the key trends in all the papers today is how tablets are eroding use of laptops. That's a good trend for the magazine industry e-subscription sales.

We've had no broad-based layoffs at Hearst during my time.

Fashion advertisers are committed to print. It's still a growth business, almost as much for the advertisements as the editorial content.

We would buy more magazines if they are category leaders. We like to acquire earnings potential.

It's hard for us to pay $200 million for properties that don't make money.

Sentimentality is probably the biggest enemy for the magazine business. You have to embrace the future.

You almost have no choice but to continue to innovate because if you don't, you are likely to atrophy rather than expand.