The company is already doing some of the things he wants, just not to the extreme he's recommending.
The big media players will ultimately have higher stock prices but it's getting out from all these challenges both on the advertising side and the content side that is causing some stagnation in the shares.
HBO took an early lead and Showtime has had to catch up. You can attempt to be the first choice but, with Showtime, they may want to attempt to be the most interesting second option.
They had talked about that possibility. Between publishing and broadcasting and interactive, that provides them with enough to do.
I think sometimes it's difficult to run something by committee; the management of both companies are strong-willed types of individuals. They both have their own way of doing things. That makes it hard to have the flow you need and to create the sixth network.
Usually you have some perspective on things. But what seemed acceptable at the time, what seemed like the norm, now you're judging people by standards that didn't exist at the time. I think it's worth twice what it's trading for, but you won't get credit for it until some of these clouds are lifted.
Big media companies do generally provide a balance and some diversification that provides greater stability. But they are complex companies and maybe that complexity sort of offsets some of their strong values.
The restriction with a lot of the other companies (like AOL-Time Warner) might have involved cross ownership restrictions between a lot of the other types of media, but I don't think that's an issue here.
I think AOL Time Warner is worth a lot more than it's trading for.
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