Ad inventory cuts are a necessary evil. I don't think it will stimulate accelerated growth. It will just allow the radio industry to remain competitive and maintain market share longer in an increasingly fragmented media environment.

AOL Time Warner will be valued like a traditional media company with superior growth prospects,

This strategic investment in the long-term growth of China will broaden and deepen our relationship by improving access to important markets.

When you open up the borders, pump in billions from outside and lift international sanctions, it's going to generate growth.

It's a smart strategic move for XM because they need to answer the Howard Stern question. It's not a dirt-cheap deal. But it does help XM attract a female audience.

AOL, ... is the Internet play out there. It is the only fully integrated Internet player in the space. It basically has multi-brands across different areas of the Internet. And their flagship AOL Internet service continues to show very, very powerful subscriber growth.