The goodwill charge just confirms in accounting terms what the market determined a long time ago.

They've got to improve the performance of the broadcast division.

The important things are that the process is completely open and fair and that there are at least two participants. The more participants, the better for the seller.

I don't want to suggest that the AOL division is trivial -- it's not. But it has to be put into context. We look at AOL as a small part of the pie.

Media companies need to look more to the Internet but the question is how much you pay for that?

High quality media companies are doing well fundamentally but have done poorly in the stock market. That's not something that can last forever. At some point, it will turn.