More traffic means more advertising dollars.

More traffic means more advertising dollars.

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

It's a growing trend. Viewers are our customers, but so are advertisers. And advertisers want different ways to reach our viewers.

Analogue dollars for digital pennies.

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

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.