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.

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

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

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

Local television is a slightly different story. It is under much more pressure in the same way that all local businesses are, whether that's a local newspaper, local radio or local television. But I think television in the aggregate is actually in very good shape.

People are looking for original content in many different places, as are advertisers. This takes us into a whole new ballgame.