I think the XP issue is a rather small event in the big-picture rivalry between AOL and Microsoft,

Radio is the real wild card. It remains to be seen how CBS performs without Howard Stern.

Nextel is focused on the emerging market where wireless penetration is minute and growth potential is still ahead,

We're seeing an influx of competition on national level with various players partnering together, ... Now we have a number of fully national partnerships competing head to head.

The cut can't hurt, but it's marginal as far as its impact.

AOL Time Warner will be valued like a traditional media company with superior growth prospects,