[michaelmartin]

Perfectly framed letter, it's interesting that he doesn't make mention of a single negative point or competitor. All very reassuring instead, and it reads like he has just been given the reins essentially and won't be rocking the boat for a while.

[jusben1369]

I thought this though was one interesting comment: "and enabling new kinds of competition, some of which bear little or no news-gathering costs."

Hmmmm. First shot fired?

[jack-r-abbit]

I don't read it that way. The Internet most certainly has enabled new kinds of competition in the news business. And some of them don't cost much money. For example... people posting crap they see on Twitter. I don't think there was any ill intent in that comment. I read it as a simple fact that they are competing with other news entities with little or no operating costs.