The persistency of earnings and revenue growth is what attracts investors.

The valuation for this stock and optimism is based on expectations for success in online gaming. But attempting to quantify that is difficult so there is certainly some risk because of that.

This is a major new revenue stream that has helped support the stock at current levels.

It's not going to get better. With growth, gangs and drug issues, it's a major problem and it's not going away. We need to be ready and have our act together and deal with the situation.

Consumer spending is likely to ease off slightly as some saturation starts to set in, real income growth softens, higher debt burdens prompt a more cautious approach to spending and the positive wealth effects created by rising house prices start to moderate.

We have taken aggressive steps to reduce expenses. Now, our top priority for 2006 is revenue growth. The recent decision to affiliate 16 of our TV stations with The CW Network is a great step forward for our broadcasting group. We also look to continue expanding our interactive operations.