Sentimentality is probably the biggest enemy for the magazine business. You have to embrace the future.
David Carey
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.
Fashion advertisers are committed to print. It's still a growth business, almost as much for the advertisements as the editorial content.
We've had no broad-based layoffs at Hearst during my time.
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.
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.
Big media companies can't be like big battleships; they have to feel nimble.
Constant change is going to be with us forever.
You almost have no choice but to continue to innovate because if you don't, you are likely to atrophy rather than expand.
