We are exploring strategic options for the whole company and we have no interest in selling individual newspapers or groups of newspapers.

The board takes its fiduciary duties seriously and will respond in due course.

He's upset about the dissolution of the company that he has spent more than 40 years with. It's been very difficult for him emotionally to see the company sold and particularly now to see it not sold as a whole.

Emotionally, here at the corporate headquarters, this is a sad and difficult day.

The items discussed in the Wall Street Journal article are not fixed -- far from it.

Together with potential bidders, we have reviewed ways in which our operations could be modified to save money. There is a range. But whatever might happen, no decisions have yet been made. And when and if something does happen, it won't be all at once -- it will take some time to phase in.