i will not introduce the panel but instead i will introduce the moderator richard wiley. anybody here knows about him. then chairman of a law firm that has the premier communications law practice in the united states. he has been making profound contributions for both the private and public sector. in the early '70s he served eight years as general counsel and the commissioner is the chairman. after that spent nine years to chair the committee that devised the sec and those standards became the broadcasting and birds we have now and was recognized with an m.a.. -- emmy so with that i will turn it over. [applause] >> thank you very much. we will miss you tremendously at michigan state. ladies and gentlemen, i will add my welcome to what will be an interesting panel discussion featuring the extinguished commissioners. [laughter] i am the most distinguished of all. [laughter] the time that we have available we will try to get the views and a key communication issues of the day. i plan with the exception of the first question will put individual questions to individual panels