2004 is setting up to be the year where the leaders in online travel are going to establish themselves. And the way they will have to do it is by promoting their brand, spending on marketing.

USA Networks is a little bit of a different animal now. It's not the true media company anymore.

Parsons has been around longer. My impression of Parsons was that he was incredibly well thought-of, very diplomatic, and probably very well-received in D.C.

Disney has seen a turn in their businesses but if you look out beyond this year, things get a lot more difficult.

Pre-Sept. 11, what we saw was a weak ad environment with indications that things might have been improving. Things were looking incrementally better. Not good yet, but incrementally better.

I don't really think things have changed that much. Eisner is still there and the Street perceives Mitchell as very much tied to Eisner.