WWF has been a rival organization to the WCW for quite some time, ... With the new infusion of stars and the cross-branded story lines, this does nothing but raise the specter potential for us. We're very pleased to have come to agreement to purchase that brand.

We did not effectively manage our licensing program, ... While we negotiated good deals, introduced great products in the marketplace, we failed to provide the retail marketing support and monitoring that was needed.

Ever since the Medicare Modernization Act passed, those of you on the front line have been expressing your deep concern that SSA is not positioned well to help people understand, enroll in and negotiate the new Medicare Part D coverage. Now we are seeing the consequences of that fact.

The third quarter operating results reflect the continued positive momentum generated from our businesses.

You clearly saw there was one focus or concentration, ... Hulk (Hogan), even though he was not always straight up with the things he was doing in the ring, he would say take your vitamins, obey your parents. That played very well for the time, but now we have edgier kind of programming, and we continue to push the envelope.