In the 21st century, large is no longer in charge.

I think we're in the beginning of a bull market. When a bull market begins, nine months later the economy turns around.

Success is not built on success. It's built on failure. It's built on frustration. Sometimes its built on catastrophe.

Large is no longer in charge, ... Leverage will belong to the nimble and the swift.

Look at the assets we bring together, ... We bring together a great studio and the most powerful cable networks in the world. We add that to CBS network, CBS' wonderful television station, CBS Radio, CBS Outdoor Advertising and soon we're adding (syndication company) King World to it. There's no company in the world that has that mix of assets. This will be the fastest-growing media company in the world.

We recognize the need to adapt to a changing competitive environment,