This looks to be a pretty attractive price and it underscores a cable market theme: in the last year, the private equity markets continue to value cable much more highly than the public equity markets,

The phone companies are in the awkward position of initiating a service in an already mature market with a disadvantaged cost structure, ... And on top of that, they have to offer the service at a discounted price just to compete. It's a hard strategy to sustain long-term.

The phone companies are in the awkward position of initiating a service in an already mature market with a disadvantaged cost structure. And on top of that, they have to offer the service at a discounted price just to compete. It's a hard strategy to sustain long-term.

It's just that other areas are more attractive, such as the mortgage market,

Just like a pendulum, ... the current-account theme is back in the market.

The market looks just restless.