The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.
Most magazines have become wallpaper, they're all the same, all the same celebrities. It's really an abysmal time in American journalism right now. But occasionally one story or two will pop out.
I think there is a difference between Slate and Salon. I think we both serve important functions on the Internet. As more and more Websites disappear, I'm thankful Slate is still around because it makes things less lonely.
I know that doesn't sound very radical and webby of me to say that but I think the New York Times is important. I also think there's an occasional piece that will pop out.
I came at age in the '60s, and initially my hopes and dreams were invested in politics and the movements of the time - the anti-war movement, the civil rights movement. I worked on Bobby Kennedy's campaign for president as a teenager in California and the night he was killed.
Do I regret taking the company public? Yes and no. Yes, because it put us under enormous pressure for a young company to go public at that point in its history, something you never could have done in the old days.
When you're kept by a patron you don't have to duke it out in the media marketplace for dollars and for readers. In some ways that's a blessing because it takes a lot of pressure off you.
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