"I don't have a Michael Heseltine-type plan. There are two types of people in this world, those that do and those who rely more on serendipity." - Ed Richard, the chief operating officer of Ofcom, tries to downplay speculation that he is to succeed Stephen Carter as the head of the broadcasting regulator
"Teenagers don't read teenage magazines any more ... In 2006, the notion of a magazine purely for teenagers is about as appealing as a Care Bear iPod." - David Hepworth, the editorial director of Development Hell and a former Smash Hits editor, muses on the demise of Smash Hits, which is to close after 28 years, Emap announced last week.