Content is not just king, it is the emperor of all things electronic. - Rupert Murdoch

While it's impossible to be completely prepared for a downturn of this magnitude, we began priming ourselves for a weakening economy earlier last year. We have implemented strict cost cutting measures across all our operations. We have reduced headcount in individual businesses where appropriate and we've scaled back on capital expenditures. Even in plush times, we have never been a company that tolerates fat. So in times like these, we are better positioned to weather this cycle than our competitors.

In this country, Fox News has gotten a big, big audience that appreciates its independence. There's passion there, and it's pushed. … It has taken a long boot time, but it has now changed CNN because it has challenged them — they've become more centrist in their choice of stories. They're trying to become, using our phrase, more fair and balanced.

We're both looking forward to spending the second half of our lives together