Media: Chatter

"There are a lot of Richard Bransons that will come out of the next three or four years." - Sir Richard Branson, the chairman of Virgin Group, is convinced that the recession will have an upside

"I've got to lead by example. I can't go out there and ask a producer or a performer to take a pay cut if I'm not prepared to do the same." - Kevin Lygo, the director of programmes at Channel 4, after offering to take a 25 per cent cut to his £750,000 salary

"This is about who turns up to the local courts each morning, who is it who are holding the councils to account ...? Local newspapers and we absolutely believe in them." - Despite years of cost-cutting, Sly Bailey, the chief executive of Trinity Mirror, is adamant that local newspapers have a bright future