The magazine publishing industry owes John a debt. And I think the best way to repay that debt is to build on his legacy. And to further the cause of diversity on our pages, on our mastheads, in our executive offices and in our board rooms,

We knew this was going to be a challenging year in publishing, as it was for the industry.

Newsstand sales for our flagship magazine rose in the first half of the year despite a very difficult market that resulted in many of our competitors reporting year-over-year declines.

I have very strong theories about magazine publishing. And I think that it is the most personal form of journalism. And I think that a magazine is an old friend.

I think we're all cognizant of the fact that there are two macro trends going on here that this product is designed to respond to,

I think we're all cognizant of the fact that there are two macro trends going on here that this product is designed to respond to. One is more and more consumers are getting information and entertainment online and the other is more and more advertising dollars are going online.