They were unhappy with the way the business was shaping up. It wasn’t producing the returns they wanted.

It wouldn’t be a giant leap of imagination for them to consider selling all of it. Even if they sold all of it, it’s not clear that will generate significant stock appreciation for Time Warner.

It’s certainly a very important moment. This is his first major transaction and it will set the stage for at least the next couple of years.

There will be people in the media industry that might not like it, but he shouldn’t care about those.

[Icahn and his allies] don’t own a huge amount of Time Warner stock compared to what’s outstanding, … And this isn’t a classic Carl Icahn story, where you’re dealing with sluggish management, an unknown stock...

He’s done it in the right way. He’s smoothed all the ruffled feathers.

It is a niche product,

The question is, will there be enough new advertisers to justify the cost.

Altogether, I think it’s very solid. I don’t see anything that would make someone rush out and buy stock over what they had last night, but at the same time, there’s no reason why anyone...

Probably this will raise the cost of programming across the board for all of the networks, and this is not a positive element for network profits if advertising growth flattens out, which it very well...

The street is basically intolerant of confusion.

It has been the year for video on demand for the last 20 years. But this time it might actually be real. That doesn’t mean that it’s going to sweep the world, but things are...

My impression is that Mr. Murdoch has been in a phase of building assets for most of his career, 25 years or so, and he has reached the point where most of the key pieces...

In this case, I’d doubt it’s that much. I’m guessing $10 million.

They’ve come through this higher gas price period quite well. They had a very strong marketing program for Disneyland’s 50th anniversary. This will be a good indication that as long as gas prices don’t go...

I don’t think we’ve seen the end of it…$300 million may not be enough,

Now, … instead of sacrificing to build assets, he is in effect trying to raise shareholder value and he was under pressure to do so because News Corp. stock was selling below the average of...

They’ll project how much each film can generate. The difficulty is, probably only the top 10 films generate 80 percent of the income.

They have plenty of people who will be very effective.

We have been very high on ITT for quite a long time. And we think the assets are very valuable. And for him to spot it and act on it is very important and suggests...

Five years from now, we’ll have a much better idea of how it will shake out.

Basically, he’s looking backwards,

In reality, that was going to be very messy from an antitrust standpoint and meet a lot of resistance from the top management at Hasbro. That was a whole different story,

Technology is moving ahead with or without them, and if they don’t try to find a new business model, they’re going to be stuck with the old business, which is in decline.

He did it the honorable, wise and decent way,

It sounds like they want to capitalize on the ESPN brand, … There’s no reason it could not be done.

They do have to resolve some issues eventually, including who’s going to be the chairman and for how long. There has to be some kind of indication of what their long-range plans might be with...

Looking more closely, the numbers aren’t there.

It may be a fairly lengthy adjustment process. Steve Jobs is known to be quite active in everything he does – he won’t sit back quietly.

Just because some of the shareholders get to vote doesn’t mean they’ll vote in favor of Hilton,

Cable carried the ball for everything during the quarter–That’s the way they’ve been for a long time now.

It something Disney had to do. It’s good for both companies.