One is that that's the way we started and we thought there would be more value and less confusion if the business model was just based on delivering news that's of value to Web sites.

I have not looked at any of the 'Pretender' Web sites. I'm scared of the Internet.

I don't check any Web sites daily, but I love Instagram.

A newspaper is the center of a community, it's one of the tent poles of the community, and that's not going to be replaced by Web sites and blogs.

I think there are a lot of honest people doing honest business on online auctions. But the control on these Web sites is pretty minimal.

With 950 reporters and 79 bureaus, Bloomberg competes to break news with Dow Jones, Reuters and Bridge News along with newspaper Web sites, dozens of smaller Internet sites, and even gossipy chat rooms.