david_abc.jpg This is what ABC News President David Westin had to say about the future of media back in July.

From the C-SPAN Video Library, this is Westin at the Chautauqua Institution candidly discussing, among other topics, leadership qualities in journalists and his experiences leading a news organization. Time‘s Editor-at-Large Nancy Gibbs conducted the interview. He also braved questions from the audience, who were polite and relatively tame.

On leadership: “I think you could be too smart for some of these jobs.” …One of the enemies of good leadership is distraction. …Sometimes people who are too smart are thinking of too many things at once.”

Later…”If we do not give our audience something that is not of value, we are out of business,” Westin said, answering tough questions on having to run stories that may upset advertisers. Still, later in the audience Q&A: “In order to be an effective leader you have to know when to disclose things. You need to have secrets.”

Westin has stepped down from ABC. He sent a note by e-mail to ABC staff Monday.

Watch the video here.