Ultimately newspapers will be content providers - I'll go one further and say compellingcontent providers - and sales and marketing people. It's not that you want to do this, you haveto do this.
So you didn't build this debt problem, how do you solve it?
There's a lot less debt that when company went into CCAA and it was $1.4-billion. It was $700two years ago now just under $500.
Last five pounds are the hardest to lose.
Always. But we still produce a lot of cash and our projections are reasonable going forward.
So what do you do these days, again?
I'm up at five when the dog wakes me, I'd like to sleep till six. I'm on the Astral board, Cargo Jetboard, chairman of RioCan, Mobilicity, OLG.
You were synonymous with the Sun. Do you miss it?
Working for Doug Creighton. Nothing away from guys now, but he was very special. Hetreated every one of his employees like family and we all loved him.
You don't see that so much anymore.
You don't. What other place could you go to if you worked ten years you got your four weeksoff and then two extra months of sabbatical leave. Do what you want, the job would be therewhen you got back. At Christmas, every employee at the Sun two weeks before Christmas SantaClaus would come and you'd get a week of your salary in cash so you'd have money forChristmas. If a reporter did a good job, he'd send him and his wife away from the weekend toNew York. Everyone cared about each other. Parties galore.
Have you watched the Sun News Network?
I've seen it once or twice. I get home so late that I watch the 11 o'clock news or the last twoinnings of the baseball game. I'm still very dedicated to the Blue Jays. Being involved inbringing the team and knowing the organization. I got home last night at 9:40 I guess and they were just going into extra innings. I'm going tonight, Joe Carter invited me. I don't have a close,close relationship but when he played with the Blue Jays he brought in his daughter whowanted to be a journalist to talk about journalism. He has a golf tournament.
Do you own all your buildings?
Most. We own printing plant in Vancouver but not the office building. In Edmonton we ownboth the plant and offices. Calgary same building. Regina and Saskatoon are in buildings weown. In Windsor we just sold the building to the University of Windsor and have taken over anold movie theatre we'll get into in November or December of this year. Ottawa we own.Montreal we're in a rental, we own the plant.
You must be thinking about selling the Ottawa building. It's in the middle of a booming area.
Oh for sure. But the key thing is, if you have presses it's a little bit more difficult unless yououtsource.
You've done that in Edmonton.
Mm-hmm. That is done. There's a lot of things going on.
Ok, fine. What about paywalls?