I don't give investment advice.

The past is past and I guess if you live in the past, you cease to live.

I don't look at paying $8 billion for the directories business of Qwest as the thing that would really excite me... I'm looking at a connection to the human being where it's interesting.

I think the way I look at things gives me a different perspective. I'm most valuable when I work with a team of bright people who complement my weaknesses with their strengths.

What I've found is that there is a tremendous interest in these issues, across the political spectrum, sort of left-right terms we used to describe people don't really hold here exactly.

When the government allocates monopoly rights to frequency, and there are only a handful in each community, it's picking the winners in the competition.

When the government picked companies and gave them monopoly rights to frequencies in San Francisco and Los Angeles and New York and Chicago, it was picking the winners of the competition; it wasn't setting the terms of the competition.

Which is supposed to mean they're doing something in their broadcasting they would not do is they were simply out to maximize profit; if they were really public service institutions, not purely profit maximizing institutions.

You know, a left-winger, the barrier to success if you're on the left in commercial radio is a mile and a half higher than it is if you're on the right.

As the mainstream media has become increasingly dependent on advertising revenues for support, it has become an anti-democratic force in society.

But having said that, there's also a sea change in attitude towards media.

But having said that, what's happening with campaign finance reform and our political culture is devastating.

Local television news, on both radio and television, is so appalling. Makes print journalism look like the greatest stuff ever written.

Our existing media system today is the direct result of government laws and subsidies that created it.

So the competition isn't once you got the license, running the station; it's getting the license.

The number one lobby that opposes campaign finance reform in the United States is the National Association of Broadcasters.

The public gets not one penny from them in return for those airwaves.

Also, the commercial media in a superior position, really, to any other corporate lobby, because where would people hear about commercial media or corporate media criticism, where would they hear criticism of them other than in the commercial media?

And they've got to be held accountable; our broadcasting system has to be made accountable; and unless it is, it's going to be very hard to change anything else for the better in this country.

And understand that scarce spectrum is used today for example for cell phone operators, they have to pay for the airwaves they use, for their services.