"'I'm confident [Yahoo! and Google] will not be the next generation of press barons,' he said. 'Yahoo! could buy 1,200 journalists tomorrow,' a figure which roughly compares to those employed by the Times. But, he added, 'to them, it's a boutique' business."
He offers an optimistic prediction of newspapers in 20 years. Not sure I share his radiant optimism, but then, he is talking to Business Week.