Media: Chatter

"There could be a more serious impact ... It's too early to tell. I worry more about what might happen in the 2008 presidential election." - WPP's Sir Martin Sorrell on whether falling share prices could hit the advertising sector

"We know that games are a dominant activity across all our audiences, so we're upping our efforts to connect with more gamers in a more engaging way than ever before." - Mika Salmi, the president of digital media at MTV Networks, announces a $500 million investment in developing video games

"Virgin Radio is one of the great brand names in media, with an attractive national audience, strong relationships with advertisers and a clear growth strategy." - Paul Jackson, the chief executive of Virgin Radio, as it hires Richard Huntingford as its chairman ahead of a possible stock market flotation.