. >>> joining us now to talk more about this rapidly changing media landscape is jason blair. media 12re analyst with the advisory group. good to have you with us. why don't we start with the time warner cbs spat and we'll work our way back through some of these other stories. what time warner said is, you don't like our offer to pay you for retransmission rights to carry your stations as part of a bundle. how would you like it if we charge basically on a per customer basis and you have to sell yourselves to all of our customers system wide? do i have that right and will cbs ever accept it? mr. blair, obviously we're having issues with his audio, we'll try to bring him back a little later in the meantime, let's move on to wall street. for a while, it looked like economic data showing the services sector might set the tone, that failed to take hold with a lack of any conviction. the dow had its worst day in more than a month. the dow falling 46 points, the nasdaq did manage to add three points. briefly touching a new 13-year high. the s&p 500 was off two and a half, still, it s

joining us from new york to spra explain what may or may not happen, jason blair.ning. >> we are days away. what's going to happen? >> there is clearly an imbalance of power when the owners of content and the distribute tors of content. today the content owners are winning. but there are risks for both parties. time warner risks alienating their subscriber base, but cbs also, their risk is that they pull the fe krechlt inc debate. the retrans rules were written when local broadcasting really faced a threat and cables were monopolies. in let's start with time warner. i'm a time washrner cable subscrib subscriber. >> so am i. >> i go to channel 2 and i get like cartoons. >> yeah, the star kids channel. >> how many people are leaving time warner cable? this is a question of how much of a grip do time warner cable has on subscribers. have they seen any loss in terms of subscribers? >> the reality is nobody knows. but if you look at previous disputes, if you look at direct tv/viacom, dish network, am cnet work, the distributor can do a very good job of sustaining chush