Media: Chatter

"The smell of fear is incredible. People are terrified. The next 15 months are not going to be easy." - WPP's Sir Martin Sorrell describes the mood in New York following his visit there last week

"This is the harshest month in the harshest year of the harshest period I have ever known for newspapers in the harshest economic climate for 80 years. That's a lot of harshest." - Independent editor Roger Alton on the state of the newspaper market

"ITV chief Michael Grade told me with a straight face I was too expensive. But I did not leave in an acrimonious fashion. I would have liked one more series but my time had come." - Michael Parkinson on the end of his chat show on ITV1.