The Hispanic market is the best demographic market for advertisers in the U.S. today with outstanding growth, so this is a great deal.

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It's a fundamental difference. The United States cares more about the impact of a merger on customers. The European Union seems to be focusing more on the concerns of competitors. This is a very interesting precedent set by the EU today.

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I think the message that Honeywell's board is sending is that they believe a change in leadership is needed to get Honeywell back on the right track as an independent company going forward, ... The board is not necessarily putting Honeywell on the block or keeping it on the block. That's a very different expectation than current consensus on Wall Street.

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