really get with the times man but seriously one e-mail in particular caught my eye it's between news corp director andrew knight and colin powell were knight is urging powell to attend the bohemian grove retreat take a look at this says dear colin might you be able to gently slash firmly point out to tony that you rank the bohemian grove in your diary before allowing any other duties to get in the way. lack of exposure suggests that tony has not yet got his priorities straight now for those of you who don't know bohemian grove is an all male annual retreat in the middle of the redwood groves in northern california it's a gathering of the richest and most powerful men in the world who spend two weeks getting drunk and pretty much on at their own power and influence but the event is so secretive that countless conspiracy theories have risen due to the lack of transparency surrounding the gathering so this shed some light on bohemian grove and the recent leak i'm joined by mark dice author of many books including big brother the orwellian nightmare come true and the illuminati facts and fict

spin off news corp education business and time warner publishing.anies have significant amount of cash, very solid balance sheet, returning capital to shareholders. international expansion is another theme. all told investors are really, very, very happy with the performance of these stocks over last several years consistently beating most of the major benchmarks. sandra: a stock we all watch often is netflix which i'm looking at which suffered a down day today. it is $181 a share. i wonder how they could possibly benefit from the move away from pay-tv services? >> netflix entered the fray to revolutionize the model, the traditional television model. taking people away from appointment viewing and trying to provide you content when you want it and how you want it. i think internet television is here to stay. it is pretty early to say that they're going to, you know, overtake traditional television anytime, soon. we think it is very complimentary. you've seen netflix and guys like disney and dreamworks animation strike what we consider to be potentia

it's a similar story at news corp. and at the new york times company.there are some signs of hope, however, readers are paying for digital subscriptions at the new york times, a trend keeping the revenues from slipping in 2012. wall street journal and financial times also charge for content and the oracle of omaha himself, warren buffett. >> the newspaper, which is indispensable has a much better future than the big metropolitan paper. >> reporter: on the national stage, the biggest danger for print publications these days might be facebook. since the social network opened up its ad network last year, it expanded supply for replacing ads and squashed ad prices in the process. today, mark zuckerberg pitched the redesign news feed as a personalized newspaper, something newspapers never quite figured out how to deliver. that means as these publishing companies struggle to make the switch to digital, they are going to be battling for eyeballs and ad dollars. for "nightly business report," i'm john fort. >>> on capitol hill today, the issue of cyber security

news corp wants to charge subscription fees. disney wants more advertising. the maker of the da-vinci surgical system, intuitive surgical continued to see big swings for the second day in a row. analysts came to the defensive of the company after the food and drug administration announced it was looking at the company's safety data. shares rebounded eight and a half percent after a big drop yesterday after the f.d.a. disclosed its probe. at least three investment all five of the most actively traded exchange traded products were higher. even with the small gains in the broad market, the s&p 500 short term volatility note was also higher, gaining 1.5% and that's tonight's market focus. >> tom: it's begun. taxes have gone up and government spending growth will come down. while painful, our friday market monitor thinks the sequester's spending cuts will ultimately be a positive for the u.s. economy. randall eley is president of the edgar lomax company. he's in washington where the sequester is hitting here tonight. how about the debt debate now, randall? does it

or our parent company, news corp. i bring them up close through thick and thin, also news corp.what was going on in the media, their own hacking scandal, look at this stock over five years both have done very well. business continues, congress continues, fox is announcing fox sports, brand-new network take. there are many examples of american businesses that fight through and make it back up to the bed of thick. >> it makes you laugh thinking about the number of ceos about $2 trillion sitting in cash. i'm not talking about offshore cash, talking 1.7 in cash and highly liquid assets. and talking about how difficult it is he wants to throw a pity party. they don't know whether to invest and build companies. take a ride into home depot, take a ride with the head of news corp. by the way, go back six months and meg whitman in the driver seat with meg whitman, think of her visibility and what a calamity it was six months ago. and now look at it. i don't have time for those who worry about clarity right now. liz: visibility and we need more clarity, but home depot is a perfect example

here's one of them says quote it shows news corps executive andrew knight allegedly writing to former u.s. secretary of state colin powell and he urges powell to make sure that the u.k. prime minister tony blair comes to the bohemian grove and he said the event should be quote a top priority for head of these e-mails have yet to be confirmed in r.t. has reached out for verification we've got to hear back but these emails do open the door for some interesting questions why is bohemian grove a top priority what really happens there every year and is something is this something that the public should care about the disgust i'm joined by a lot of the clock politics reporter at u.s. news and world report welcome elizabeth so i guess what do we know about what goes on there there's very little that's confirmed about what happens inside bohemian grove and part of that is that there are people who run bohemian grove are so closed about what happens what they will say is that it's a gathering every year of influential people ranging from former presidents to c.e.o.'s oil tycoons and that it's

>> rupert murdoch news corp owns fox and "the new york post" a local newspaper. me to get a waiver to buy "the new york post". im7qk [cheers and applause] >> jon: welcome back. my guest tonight an author. the new book is called the girls of atomic pity the untold story of women who helped win world war ii. please welcome to the program denise kiernan. [cheers and applause] >> thanks for having me. [cheers and applause] >> jon: thank you for joining us. >> thank you for having me. it's great to be here. >> jon: i love these kinds of books and this is a great one. this is "the girls of atomic city." it takes a moment in history that we all think we know very well, sort of mant manhattan project and los alamos and all that. tell us the story. >> that's it exactly when so many of us, myself included when i think about the manhattan project or when i thought about it i thought about robert oppenheimer and when you found out about oak ridge, this town in tennessee, built from scratch in 1942 for the sole purpose of enriching fuel for the first atomic bomb. of the prima

companies that be use our new-found cheap engine, the chemicals, fertilizers and the steals, except new corp's already down there, will build where the gas is cheapest, texas and louisiana, they will go to ohio, they will build up new plants like dow and new corp. it hasn't happened yet. when it does, when the building starts, the profits will actually be diluted and the fed will curtail its monetary policy, it's been so good for the stock market. it's just with the catch-22, no one seems to be willing to take the plunge to start building or get the credit to do so. here's the bottom line -- we've got a zero sum game going between employment and profits, which means the fewer people that are hired, the more money that is made in the stock market! so, we hum along just like this, and the market loves it, as long as we don't build anything and the profits keep bursting through the expectations for the bottom line. don't build it. the profits come. robert in virginia. robert? >> caller: mr. cramer, a big northern virginia boo-yah! >> loving that kind of boo-yah to start the show. what's happening

disney has done very well, and news corp. since announcing plans to break up back in june. news corp. says hulu should be a paid service. nbc gave up any state to win approval of nbc takeover by comcast. with no ties to anyone at work, that may be the best idea. netflix may be, amazon may be a satellite distributor like directv or dish. three scenarios possible, an outside buyer could come in, disney, or hulu multi-headed ownership could stay unchanged and that could be the worst option. tracy: totally. i cannot even decide on lunch in my house. ashley: thank you. a quarter until, stocks every 15 minutes, let's go down to nicole petallides at the floor of the new york stock exchange. nicole: taking a look at sonic with the quarterly reports and forecasts, the stock up 7.75%. u.s. seed in the same time credit suisse rates and a price target for $11 up from $9.50 to pass in that area anyways. obviously a winner on their earnings. ashley: the dow still hanging in there about 90 points. tracy: what to do with dell. is it time to

received tips from a whistleblower saying they gave tips in exchange for news of the journal owned by news corphe company recently found guilty of phone hacking and bribery in the uk. a search by the parent company found no evidence to support the accusation and the company claims the informant is acting on behalf of the chinese government to attack the paper. >> toyota recalling more than 200,000 fj cruisers. toyota exec tissues say the driver and front passenger seat belts can come loose if the door panel around that seat belt retractor is cracked. seat belts on the fj cruiser are designed differently than most cars. they are actually mounted on the suv's rear door. toyota says no injuries so far because of the defect. owners will be notified by mail and repairs will be free of charge. >> monitoring your kids on facebook is just so 2009. researchers so kids have stopped posting on facebook. they are now using instagram and snap to post. many allow them to post without texting limits or being monitored by parents. coaches and other facebook frequenters. some don't require users to have a smart

disney and news corp own hulu and are considering what to do with their stakes in the five-year-old company. comcast gave up their stakes for buying nbc universal. many contracts are short dw-ter. >>> thanks so much. >>> taking the fall. the president of the punxsutawney groundhog club's inner circle says famous groundhog, phil, correctly predicted there would be six more weeks of winter. it was relayed incorrectly because of human error. bill says he is brushing up on his ground dogese. a prosecutor who filed criminal charges against phil for fraud says he is considering dropping the charges since he came forward. >> you thought you had it bad. >> she knows exactly how important it is to us. >> we don't rely on that. >> phil had it right for the west coast. everybody is just really complaining on the east coast because they have had so much snow this winter. now, phil, you got it wrong for the west coast. you can't win any time. 4:48. good morning to you. got a good-looking day shaping up. that's what you get for letting a furry little rodent do the weather. temperatures this morning are c

the corporate state you have a half dozen corporations viacom general electric rupert murdoch's news corp disney clear channel that control almost everything most americans watch or listen to and you know as i wrote in that column a lot of omission is still a lot. a hold of political puppets. you know as part of discussion of sharod. of to deflect attention from where our actually resides and that's in the hands of corporations it's impossible within the american political system to vote against the interests of goldman sachs and so we don't hear anything about climate change the poor rural and urban poor are rendered invisible in this country and they're really suffering at this point i just finished a book on it two years on a days of destruction days of revolt with the cartoonist joe sacco out of the poorest pockets of the country we don't hear anything about the assault against civil liberties whether that be. section ten twenty one of the national defense authorization act warrantless wiretapping the use of the espionage act or shut down whistleblowers the. misuse of the two thousand

fox wants your viewers news corps is launching fox sports 1. it will be available in 90 million pay tv homes. and google as you said is reportedly working on a new sfgs to compete with amazon and others and will be $10-15 cheaper than amazon prime. google made a number of acquisitions lately. >> tumblr is gooding to start mobile advertisers, companies will be able to pay to promote posts and blogs on the mobile app similar tt wait web version currently works. executives expect the company to post it's first profits this year. >> stocks up again today over continued government stimulus plan was the dow reaching it's highest point in history. your bloomberg silicon valley higher on shares of apple and google. well, would the iphone have been so successful if it had a different name? apple considered a number of names for the phone. former executive ken segal says included telepod, moby and ipad. you may remember cisco originally had the trademark for the iphone name. good thing apple got it's hands on it. dan and carolyn, back to you. >> emily, th

and fox business's parent news corp.built specifically for the classroom and news corp. has broken through $30 a share. did that yesterday, up a bit more today. higher profits, disappointing outlook from american eagle it's at $20 a share, down 11%. boeing says, it can move, quote, really fast to get the dreamliner back into the skies, once the battery issue is resolved. $78 on boeing now. dell's largest external shareholder demanding that the pc maker open its books. nothing happening with the stock. it's at 14. watch out amazon, google began looking at same day delivery with retailers. down 3 bucks not much of a drop. i'll check amazon later for u now check the big board, yeah, we stalled. we moved up at the opening bell, new intraday highs and touch 14-3 and now we're up just 35 points. time is money. 60 seconds here we go. first off, mike reagan, we'll ask him what his dad did to get along with a democrat-led house. what did he do that president obama is not doing to get along with the republicans. he's going to join

that could change in a moment's notice outside news corps fox news headquarters here. it looks calm to you but somewhere down there it's an errant without his ms. we're on top of it: highest authorities are trying to scare us, it's scary stuff doesn't materialize is the white house scared that this president then gets marginalized? >> republican presidential candidate the mayor of this fine city of new york who was deemed by new yorkers to be the best mayor they ever had. that's a tough lot. they hate everybody. mayor, good to have you. >> good to be with you. >> neil: what do you make of this? >> of the sequester? >> neil: yeah. >> the president seriously here. it goes to his credibility. he spent a month on the stump telling us all the dire consequences, how terrible this is, how awful. >> neil: not coming true. >> you and i turn out to be correct. he tirns out to be misleading. i was on your show last week and we said 2.5% of a cut from an increase is hardly going to have any impact. >> neil: wasn't 2.5%. >> actually less than that. it's a cut from an increase. how

he's a member of the board of rupert murdoch's news corp, and there are few pleasures that money cans himself or that he doesn't like to show off. [ engine revs, tires screech ] >> let's go through the tom perkins litany. you used to own the world's most expensive sports-car collection. >> the best. maybe the most expensive. >> okay. you currently own a bentley, a $450,000 porsche carrera gt, an aston martin, the maltese falcon, and a second yacht. who needs two yachts? well, we won't go into that. you own a 900-year-old moated estate in england, and i'm only telling what we know about. so, you do like to show off. >> guilty as charged. >> analyze that for us. why do you have to have the biggest and the first? what is that? >> you know, i'm no psychiatrist, but it probably comes from my childhood and the attitude of my parents. >> an only child, perkins grew up during the depression, which he says devastated his father and distorted his mother's priorities. >> my mother wanted things in life that my father couldn't provide, that were bought by money. the fact that we didn't have any

news corp., the parent company of fox news announced a start date for their new sports channel?s is that if they don't like the score for the outcome of the game, they can change the final scores. >>> in superhero news, the trailer for "ironman 3"? it's out. good news, tony stark is a job creator. >> we do need backup. >> that's your department. >> here's my boy. >>> and finally, more good news about the real-life super hero bagging crooks in england. batman has been unmasked, and he is talking to the press. the bad news is that you can barely understand what the heck he says. >> well, i gone to wembley to watch a final. now while i was at wembley, i got the phone call asking if i my playstation. i told him he would have to wait until i come home. i got home, about 1:00. come home, got in my car, and taking down the playstation. obviously it was done as a joke. >> said something about 1:00. whatever else he said, i'm sure it was pretty good news. >>> tonight in our survey i asked you will republicans ever stop trying to destroy medicare? 3% of you say yes. 97% of you say no. >>>

it is owned by news corp, the phone company found guilty of phone hacking and bribery in the u.k. they found no evidence to support the accusations and the company claims the informant is acting on behalf of the chinese government to attack the paper. >>> 5:13. toyota is recalling more than 200,000 sj cruisers. the driver and front seat passenger belts can become loose at the door panel is cracked. seatbelts are designed differently than most cars. toyota says there have been no injuries caused by the defect. owners will be notified by mail and repairs will be free of charge. >> if you monitor your kids on facebook, a new report says, that's so 2009. research shows kids have stopped posting on facebook and are now posting on instagram and nap chat. many apps allow them to post without texting limits or being monitored by parents. facebook frequenters that don't have the chance to monitor this, some don't require users to have a smart phone. it can be activated through devices like the ipod touch and kindle fire as long as there is a wireless connection. beware. >>> over 1300 signa

rupert murdoch owns news corps, my boss roger ailes you write about and they met with then senator barackl and i came up as a discussion. >> and roger told me the story and i tell it in the book. the obama campaign was not happy with some of the coverage here and there was this meeting and. >> sean: not particularly my coverage apparently. >> well, at one point, it became clear that you were more or less the issue and roger said to senator obama, look, don't worry about it, people who want sean hannity aren't going to vote for you anyway. >> sean: and news max actually had a piece he was complaining that i was calling him a terrorist, which i never did, and i think the roger said, meaning your friend bill ayers, he did hang out with the guy the beginning of his career. and the book, i take this personally and i would not be here. i'm glad you spent the time writing it, i read it in two sittings, cover to cover. he's the greatest boss and changed my life and extraordinarily thankful i'm here at this channel and you captured the man i got to know. and thank you for being with us. we appreci

. >> fxx was channel designed by news corp to make fox business channel people we're great.seholds. we're giant. fxx was the fox soccer channel. this switch as disappointed literally tens of people. >> talk about it called fxx. that show is filthy and say stuff on basic cable i'm positive you're not allude to. how do you get away with that. >> we've been accused of porno jason. we're literally one x away what people accuse us of all along. >> so funny. beginning of truckloads of money. there are no truckloads of money. only question we ask how much we're making. don't tell us standards and practices are changing because we're targeting younger demographic. melissa: with all this, all kidding aside, seems like content is king, especially original content. if you look how the different channels try to differentiate themselves and stand out and draw veers. you think about netflix, a whole business is built on original content, cornering the market on first-run. think of hbo and showtime came around to show people movies. now about original series. that is how you draw people in

and recently filing to sell millions of shares in google as part of any possible settlement and news corprdoch split with his wife resulting in a very complex deal that created a trust for his kid, changed the voting rights and board seats so while divorce is ugly for corporate founders, it can also be very disruptive for shareholders and that's, of course, we've seen such trading in the shares. down today in continental resources. >> thank you very much. robert frank, still ahead on essigns, the mining mess. what is behind the disconnect and the resources trade right now? we're going to dig in on that one. >> but, first, he's a retired four-star general and served as nato supreme allied commander and is betting big on ethanol. we're very pleased to have general wesley clark in the house. get ready to talk ethanol. watch that seat. seat.ess, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it

we're very delighted to be a partner with not only cpac, but one american news corps, a network. is ready to hear the results of the straw poll. i know i am? [ cheering ] and on behalf of all of us at the washington times, congratulations on a wonderful conference this year. we're very excited to be the sponsor of the washington times cpac 2013 straw poll. so look for us on washingtontimes.com. that's a place that you'll get educated to all of the conservative news. for decades the washington times and cpac have stood together. i can assure you we'll be here for decades to come as the partner for the conservative media. >> thank you. [ applause ] these are truly exciting times at the washington times, while other news organizations are cutting back, we're cutting a new template. one that transforms america's leading conservative newspaper to a world class digital first operation that upholds our 31-year legacy to boldly tell the other side of the story. you know, the side the mainstream media often doesn't tell you or report or deliberately chooses not to. and to do so with respe

we know the split of news corp into fox and its print division different, of course, mostly newspapers, new media. my friend, mike nathanson comes out, raises his price target to $57 a share, values time ink at $2.3 billion, to give you a feel or what this business is now worth. once the cornerstone of time warn warner, those times have changed a long time ago. 250 a share is what he sees. time -- the spin will not materially change the valuation, he says, because time is so small. its prospects are so uncertain. put about a $3 share value on it if you value it about six times earnings. time warner shares, for their part up about 1.5%. and now, or soon to be, it is a movie studio and a bunch of cable networks. >> the fact that the deal's not done with meredith, does that change meredith's strategic outlook in the stock is down sharply this morning on the news that it's definitely not gonna happen, i guess? >> i'm glad you mentioned it. they would still like to potentially pursue it something they wanted to do again, it gets complicated, but a reverse trust, where you split -- the asset

. >> will the press corps reverts to its old ways and give the president a pass, or is this a new press corps? i was typing the last time the washington press corps, a white house press corps has been so tough on the president, who's after he introduced his budget for 2012 in february 2011. and the "l.a. times," the "washington post" and "the new york times" had scathing editorials about the lack of leadership on entitlement debt and deficit. they tore him to shreds on these questions, and i think going to this debate about budgets where we will see three new budget, that is the question, the one you asked, will the white house press corps continue to put the pressure on the president to be serious about these big issues. lou: that question, as look at what is happening with this president, he can't stand for this feedback to open up because it calls into question what has been a legacy of the mr. petitions, promises whether it be the fact that something as innocuous as sequester won't happen to the issue that he won't raise taxes on middle-class americans working men and women, which h

news corp.p in a more serious way once the split takes place and whether it's news corp., via com, cbs, time warner. >> these are floors. >> these are big enough to put a floor under a stock. >> yeah. easy money. >> jefferies, we mentioned slashes apple to one of the lowest price targets on the street. the analyst will join us to discuss his call and later on, deals and squeals. meet a ceo of the company that partners directly with movie theaters to help them fill their empty seats. as we head to break, take a look at the early movers on wall street. [ male announcer ] this is betsy. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could ge

>> no, it is not an invasion of privacy because cvs like news corp.e business efficiently. the government could not do this to its employees. i must just a person would be fired, but the practical effect of this would be for people who work for cvs. stuart: forgive me, think you're wrong, practical effect of this is to force people out because they don't want to pay $600 fine. >> people who will replace them are people who don't care if it is known because the body mass is a good number and thus are more slender. it is a discrimination that is permitted. the law prohibits discrimination on six or seven categories which we are generally familiar. age, race, gender, religion, etc. does not prohibit discrimination based on size. liz: so this is a private company and they are loud to do whatever they want. obesity is not in there in terms of discrimination. >> you're not going to want to hear this. a judge will be deciding what is obese. is it 5 pounds, 50 pounds, does obesity come under the americans with disabilities act. another federal statute that ha

jp morgan chase and goldman sachs were approved, but have to submit new capital plans because of "weakness." ally financial and bb&t corp. failed the test. the anticipation is over - there's a new galaxy on the market. samsung took the wraps of its newest smartphone at a launch party in new york last night. the media blitz started with a series of images on youtube. the phone has a five- inch screen, higher solution, faster chip and improved camera. the heavy promotion is aimed at stepping up the competition against apple. "schiller, that's apple's cmo, was clearly sweating the launch, and that will focus many more eyes on this particular product and make it look more attractive than it otherwise would have. so yeah, samsung's doing serious damage to apple." rob enderle of enderle group says the galaxy s4 feature allowing users to scroll through the screen with just their eyes is the gimmick that will bring people to stores. the leader of google maps is heading in a new direction. jeff huber is moving to google-x to work on experimental projects, including self-driving cars and the wearable computer known as "google gla

news corp the owner of this fair network, also up. we'll be right back.at looked like a ride at disney. all right the cyber threat. dennis kneale, connell mcshane's week-long series giving viewers a look at cybersecurity through the lens of some of the nation's leading experts in the field. dennis just wrapped up our panel discussion last hour. he joins us now. what did you learn? >> by the way, shoutout, a young producer here, matt dean. this is his series. the two anchors talk. tracy: go, matt. >> we're woefully unprepared. what brother bothers me we were no better prepared than a decade ago. at "forbes" magazine when i was there, we did a story, next big war or attack will be cyber. we're no better protected. electrical grids especially. nuclear power plants, rail lines, the faa stuff is not protected against hacker attacks. ashley: how do we fix it, dennis? lots of talk about it. we know it is there. >> right now we're hurt by the bermuda triangle of government, individual doors of tech and user of tech. someone else think it is someone else's respons

news corp., our parent, sets the august premier of fox sports 11, a new 24/7 sports cable channel.elf, has four channels or so, sports leagues have channels now, broadcasters start separate outlets, and cable systems breaking out sports and charge extra for it. we know magazines are dying. maybe a little muscle could help. arnold schwarzenegger executive editor and poster boy for two fitness magazines that featured him on the covers 60 times. "muscle and fitness," and "flex," here's hoping arnold pumps them up. cheryl? >> okay. out this. gun tourism coming to the serene island of hawaii. details coming up on west coast minute. look at the winners on the nasdaq. we'll be right back. ♪ >> time for the west coast minute. arizona house of representatives approved a bill full of tax breaks for insurance companies willing to spend money on technology investments and expansion in the state. the breaks equal $50 million over the next three years and are calculated giving insurance companies in the state breaks on premium taxes. also in arizona, sweeping antiimmigration law that garnered na

texas roadhouse and news corp, parent of fox business network. disney would be another.tiyear highs on some dow components. that would include boeing, general electric, american express, johnson & johnson, chevron. there are a lot of names in the green and google hitting an all-time high as well. back to you. ashley: very good, nicole. thank you very much. we have some breaking news. the house passing a continuing resolution. this would fund the government through the end of september. of course the current resolution would run out on march 27th. with the vote finished the house is taking the rest of the week off. the gop bill now moves onto the senate. but until a cr passes in both of houses of congress the government is expected to run out of money on march 27th. the debate will get a lot more interesting in the senate on extending the cr. there you go. tracy: we continue to kick the can. ashley: yep. tracy: all right then. get back to the markets. building on yesterday's record but our next guest warns history has taught us nothing because investors continue to buy hi

our parent news corp breaking in, too, spinning off print.mcast buying the rest of nbc universal so the media entertainment business, is it breaking up or reconsolidating? >> i would argue that the spinoff we've seen the last few years have worked out phenomenally. i was very skeptical of putting the businesses back together as comcast attempted to do. however, they seem to be pulling it off and they've actually -- they're winning me back on their side so i think the jury is out as to whether spinoffs or consolidation is the way to go. the answer is, it depends. dennis: i.a.c. had a huge value and time warner cable spinoff the company did, up 220% or something since then and even a.o.l. up 60% since that was spun off. but why spin off magazines now at the bottom of the market? why do you think time warner didn't do this three years ago but is now? >> i think this has been a long time coming. as you probably know, this idea has been on the table for many years. i would think this is kind of the perfect storm of events in terms of timing to act