jeff bewkes is leading its transformation through the digital age. i am pleased to have him here at this table for the first time. welcome. >> thank you, charlie. >> rose: you don't know too much of this. >> not too much. >> rose: how is time/warner different today than it was when you took over as ceo? >> well, we focused the company and we focused on what we think that we're best at. so as you mention, whether it's warrewarner brothers in films oo or turner networks or "time" magazine, each of those is the number one industry in which they compete in. each of them makes the most money. the result over the last three years is we've doubled the earnings of time/warner. given the environment we've been in, there's a pretty good course that we're on. >> rose: has there been some disinvestments. >> yes. we did separate out our cable distribution company. we owned a big cable company and aol. we didn't sell them, what we did is we gave them to our shareholders. and if you are one of those shareholders that now owns time/warner cable or separately, or aol