One of my biggest personal holdings is Rotana. That company has a very dominant force in the Middle East. It has around 45% of all the movie industry and around 75% of all the music. ↗
Saudi Arabia has stability. The social contract and the political contract between the king and the rulers and the royal family and the ruled people in Saudi Arabia is very strong and the bondage is so solid. ↗
So, if you look at what's common among some of the companies I have, including the Four Seasons, NewsCorp, George V, the Plaza, these are all irreplaceable brands in their own fields. ↗
Some countries, like Saudi Arabia, where the population growth is very high, whereby you don't have the mortgage low yet. Still the demand outstrips supply by much. ↗
After Watergate, which happened when I was in college, I became increasingly inspired by journalism as a way to change the world. It sounds corny, but to wake the public up, to serve a higher cause. ↗
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. ↗
I have enormous respect for Steve Johnson, and as I've told him, Feed was one of the inspirations for Salon. They were up there before we were. And also for Joey and the Suck people. ↗
I knew I wanted to be a journalist ever since I was a teenager. While it is interesting and gratifying to be on the business side and to see how that all works, the main reason I kept a business role here was to protect the editorial integrity of Salon. ↗