New management at Nine has launched a concerted attack on its cost base in order to restore margins through eliminating waste, improving efficiency and lowering programming costs.

Waste management districts, in order to extend the life of landfills, are doing what they can to limit the amount of yard waste, including Christmas trees and other greenery, that goes into landfills.

Management will need to carefully monitor operating results and capital spending over the next two years in order to maintain the rating. Failure to meet projections could result in a rating or outlook change.

This is another sign of an entrenched management willing to destroy the value of assets in order to keep their jobs.

If the board isn't keeping the association informed and making decisions that are proper for the association, then a management company can't make those decisions or set the agenda or force them to spend money on things that need to be done.

I think sometimes it's difficult to run something by committee; the management of both companies are strong-willed types of individuals. They both have their own way of doing things. That makes it hard to have the flow you need and to create the sixth network.