When Robert Peston speaks, the whole business world sits up and listens. And most of the rest of the world.
Now, he has spoken at the Richard Dunn Memorial Lecture, at the MediaGuardian Edinburgh International Television Festival.
A flavour of the speech:
Today so much of the industry he knew is confronted by a crisis worse than anyone alive has witnessed. Now I’m going to be looking at just one part of the media industry, news journalism – which is struggling to cope with the combination of a collapse in advertising more serious even than the plunge of the mid 1970s and massive, disruptive technological change. It all feels as significant as anything the industry has experienced since the explosive growth of the great mass market newspapers in the early 20th century or the creation of the BBC and the establishment of its principles of editorial impartiality.
I recommend you go and read the full text, which is available by clicking here.