CNBC is a very serious-minded financial news network, and what we've seen thus far from Fox appears to be not as investment-focused or financially focused, and that's good for us.

It is a significant acknowledgment that the way people are watching television is changing and the model is quickly changing

The television business is actually going through a tremendous transition, but I think at the end of the day, television is still paramount.

Michael Jackson is the ultimate traffic accident. People can't take their eyes off him.

Network news will still play an incredibly important role in this country, but the world that Peter, Tom and Dan began covering 25 years ago isn't the same world today. Technology, lifestyle and what constitutes news have all changed dramatically. I'm not saying that it is better or worse. I'm just saying that it's reality.

CNBC is a very serious-minded financial news network, and what we've seen thus far from Fox appears to be not as investment-focused or financially focused, and that's good for us.

The cable model is just a better model. Dual revenue stream: advertising-supported and subscription-supported revenues.