All the Time Warner companies have enough scale to compete on a global level. Warner Brothers gets half its revenue from overseas.

At some time, we'll be able to transmit video real-time

To achieve its true potential, Time Warner's culture must change to enable each of its separate business units to develop their own strategies and capitalize on their leading roles in the rapidly evolving media sector. They must not be constrained by a counterproductive bureaucracy.

I agree with them, the stock has languished.

I hope he would stick around. He is a terrific executive.

We have other partnerships (with Viacom), ... we prefer to be the buyer.