(Live notes and quotes)

Sarah Chubb, President of Condé Digital said young people that have never bought GQ are trying it out for the first time on the iPad.

"We've had about 250,000 sessions since it launched on the iPad," Chubb said.

"It used to be about owning [music] but now it's about access," Fred Davis said.

"if you look at piracy as a way of people voting [and choosing] then it's beneficial," Davis said. "But not in terms of profitability."

The panel was full of really amazing people but conversation had two many topics. There wasn't really any way to get deeper into a certain topic. Each person has wealth of knowledge and experience in their own right.