We were very encouraged to see profit up at AOL, even though revenue was down.

I saw it as a very upbeat report. There is no fundamental reason for investors to be selling.

It might be part of a broader gaming strategy. Maybe his next acquisition will be some sort of video-game company.

All of the media companies are interested in the Internet. They have to go where the advertiser dollars are going.

I don't see any great plan to actually enhance the value of Time Warner in the long term.

This is a situation that both sides would be satisfied with.