Donald Newhouse Quotes
I have never lived through any time in my career when there haven't been grave challenges facing newspapers.
Newhouse, Donald. Interview. The New York Times, The New York Times Company, 2006.
Newspapers for centuries enjoyed a virtual monopoly… Those days are gone. The trends are against us.
He was comparing newspapers to the Internet as a news source.
Donald Edward Newhouse (born 1929) is an American billionaire heir and business magnate. He owns Advance Publications, founded by his father, Samuel Irving Newhouse Sr., in 1922, whose properties include Condé Nast (publisher of such magazines as Vogue, Vanity Fair, and The New Yorker), dozens of newspapers across the US (including The Star-Ledger, The Plain Dealer, and The Oregonian), cable company Bright House Networks and a controlling stake in Discovery Communications. According to Bloomberg, he has an estimated net worth of $19.4 billion. He resides in New York City.