• New York Times, Monday, June 5, 2006 11:15 AM

Privately held Hearst "is gaining a higher profile at a time when publicly traded companies like Time Warner and Tribune are under mounting pressure from disappointed investors," reports The New York Times. Flush with cash, it has the ability to move in any direction it wants, without worrying about the reception on Wall Street--something that is "is looking more like a strategic advantage," the Times says. "Since I became CEO of Hearst, people have said: 'Do you like running a private company?' and I've said 'yes,'" says Victor Ganzi, who took over in 2002. "Now I say: 'No. I love running a private company.'" The Times even got Time Warner CEO Richard Parsons to weigh in, and if he sounds a bit envious, who can blame him? "They're able to think beyond quarter-to-quarter, and my sense is they've been very deliberate and thoughtful about building a business that will be around for a long, long time."

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