Most crucial to our success will be how well we're able to take advantage of the emerging technological opportunities.

This is a very exciting day for Time Warner and its shareholders in the creation of what we believe will be a very strong and viable 5th broadcast television network. This new network will have all the strategic asset value as an outlet for our programming that The WB presented us, but with a much firmer and more secure financial present and future. The credit goes to Barry Meyer, who continues to have tremendous vision and extraordinary business acumen as the long time leader of Warner Bros. Entertainment, a company that we are proud to say continues to be number one in its class.

Viacom hasn't changed its valuation from before to after.

There doesn't seem to be any clear data that anything would be better off separate than together.

I think (if) the cable companies show up with continuing robustness (they) will get revalued.

If you put all these networks on-demand, it will be very powerful. And people will find them.