Mel clearly has Wall Street's ear and attention. Whatever goes on, I think they want to hear it from Mel.
Knowing there's not going to be another opportunity tomorrow to buy the next player, you have a lot of people betting on this round right now.
I think, under the traditional broadcast model, it is going to be very difficult to get other revenue streams right now.
It's definitely a consolidating sector. With few assets likely to come on the block, you can definitely command a premium.
He's never been afraid to pay and keep a top producer.
They're being responsive because this is something the equity market has been looking for as a way to target some of (News Corp.'s) pure entertainment assets.
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