These important deals will allow us to bring concerts that would otherwise be very difficult -- or impossible -- to find on broadcast television to a wide audience.

Karl is one of the most experienced and respected executives in television sports rights. There is no doubt that BT's new on-demand TV service has the potential to revolutionize the way sports are viewed and Karl will help us to realize that potential.

We intend to lead the way in the development of interactive services. Significantly, our next-generation TV service will be offered nationwide and not restricted to metropolitan areas, and customers will not be required to commit to a monthly subscription.

Our position hasn't changed. We don't have the money. We're trying to survive. We've never tried to do anything to hurt Beach.