The three of them, together, have really been straightening out all the messes that existed.

It was deteriorating rapidly, so it's logical for NBC to grab it by the reins.

His legacy is brilliance, mixed with turmoil.

Chances are, in five years they may not exist at all, or it may be something else, but right now it's better than going alone.

This is a very, very difficult situation for Icahn to win beyond what he's done already. This is a very large float -- 4.6 billion shares outstanding. Even with 10% of the shares, it's hard to see that he would be able to meaningfully change the direction of the company.

If you don't have the capital and financing to build it up, it's hard to progress,