This is a tough environment, and it's tough for everybody.

Our emphasis on political coverage from the day we were born here was well-founded, and we believe there were opportunities there that we could do it in a more interesting, appealing and balanced way.

Geraldo has been in Lebanon. He has done some excellent reporting out of there, and of course, we now know by virtue of the president's speech on Tuesday night that the terrorist organizations that operate in that area are now on the list.

What played to what had been a relative weakness for us-this was exploding overseas as well, and we had to scramble to mount some reach and get into places and be competitive on the ground.

The month of January, we were number one. Now, this is something we're proud of, because we recognize we're up against a formidable operation there at CNN.

If the markets had behaved badly, that would obviously add to people's sense of alarm... but there has been a lot of reassurance coming, particularly in the way the Brits handled all this. There seems to be no great fear that something like that is going to happen here.

Nobody's profitable at this moment, because recession is on; advertising dollars are down, and expenses are way up. So that kind of belies the situation that you would expect, because the ratings are way up everywhere.