It's being seen as a litmus test for the valuations of media companies.
Chances are, in five years they may not exist at all, or it may be something else, but right now it's better than going alone.
From a psychological standpoint, Chicken Little is very important for Disney. Everything is touched by animation and if they don't refresh it, it becomes frayed at the edges.
They should resign, ... Where is their embarrassment? Why are they still in positions of influence and collecting directors' fees?
If you don't have the capital and financing to build it up, it's hard to progress,
It was deteriorating rapidly, so it's logical for NBC to grab it by the reins.
This is a very, very difficult situation for Icahn to win beyond what he's done already. This is a very large float -- 4.6 billion shares outstanding. Even with 10% of the shares, it's hard to see that he would be able to meaningfully change the direction of the company.
It puts more distance between Time Warner and the horrendous deal that was made and the people who propagated it.
The Internet is the wave of the future in terms of distribution.
He wasn't going to give it up willingly. He didn't want to give it up unless he had to.
