There's significant doubt it was what I would call a good deal for Tribune shareholders, but I don't have the numbers to back that up.

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?