"We had a failing brand, falling circulation and editorial was weak. Many thought we were mad to launch in the US and Hong Kong. We feel vindicated now, but we are careful to stay local to our home market." - The Financial Times chief, John Ridding, on its change in fortunes
"The board has asked me to do another year in the role. The reason is to give me and the management team the space to focus over the next two years on the job that has to be done." - Michael Grade, the ITV executive chairman, says it's too early to talk about his successor.