How do you view Hughess Spaceway project and other two-way broadband satellite initiatives?
Two-way satellite is extremely viable. I’m an investor. It will take two and one-half to three years to get into business. The benefits are that it’s global, ubiquitous, and consistent. If it’s late to the game, it could be a supplemental service. It could be relegated to rural areas in the U.S. But it will be more substantial overseas. Q: Why did you recently sell of some of your stock in AT&T? A: The first reason was to pay off debt. When I did the deal, I borrowed money to exercise some options. Also, I transferred some of the stock to charities. Q: Are you going to sell Liberty Media to AT&T? A: I seriously doubt it. As Rupert [Murdoch] said about a sellout, you must listen to offers. But this is the essence of TCI after 30 years. The best thing is that, when you do something great, you’re a genius. When you do something stupid, it’s somebody else’s fault. Q: What’s your take on the AOL-Time Warner merger? A: We’re Time Warner’s second-largest shareholder. It took huge guts on the
