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.

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

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

I think it's the sign of a leader to step up and say, you know, when something's not working to have the guts to reverse it. And the worst thing you can do is to let that mistake linger.

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

Analogue dollars for digital pennies.