The transcripts of the official inquiry into the culture, practices and ethics of the press. More…

I think, for the time being at least, making sure that those newspapers can carry on and carry out legitimate investigative journalism and legitimate investigations. I don't have the answer to that. I don't have the answer to what happens then. I mean, you know, newspapers are slowly migrating to online, and I think the answer -- the answer to that, as far as my personal company -- the companies that I run are concerned are trying to be innovative and trying to be imaginative. So take the Evening Standard. It was losing almost £30 million annually. Now it's about to break even. So the way that's been achieved is through changing the business model, by taking it free.

So there are ways of -- imaginative ways of going forward and there are ways of still staying in print and still trying to make money, because what we've done on the Independent is we've launched a new newspaper, which is called the I, which is now outselling the Guardian. It's a completely new product that's 20 pence and it's a very brief briefing of the daily news but in a very concise way.

So again, that's been a huge boost to the business model of the Independent, and together -- you know, these are not global solutions. I couldn't possibly answer your question, but these are just small examples of what could be done.

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