Murdoch thought he had a deal with Time Warner, then, at the very last minute Time Warner went the other way, over to MSNBC.

It's fair to say that AOL Time Warner leapfrogs [those companies] ahead of everybody else and I think it's likely that nobody will ever catch up.

The people who are helped by this are the UHF stations that are not highly rated. What the cable operators would have liked would have been to take only the more popular stations, keep them on cable and jettison the really obscure stations.

It doesn't mean anybody's talking.

You can always basically shut down the production operations.

There's no question that the network is extraordinarily valuable and it's much more valuable than the initial monies that were put into it.