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