Sumner has gotten big prices for everything he's sold.
The people who are helped by this are the UHF stations that are not highly rated. What the cable operators would have liked would have been to take only the more popular stations, keep them on cable and jettison the really obscure stations.
Murdoch thought he had a deal with Time Warner, then, at the very last minute Time Warner went the other way, over to MSNBC.
You can always basically shut down the production operations.
The TV segment should be pretty good, and they had a really solid upfront, which is going to govern much of next year. They start out with a nice lead.
If you have this many bidders, the seller has a picnic. He'll play one off the other.
There are digital signals coming over into what they perceive as kind of their turf. I don't think they want somebody else to move into their turf without their having a piece of it.
There's no question that the network is extraordinarily valuable and it's much more valuable than the initial monies that were put into it.
