Why didn Time Warner participate in the recently announced content-sharing arrangement with NBC-News Corp.?
We stand very clearly with that group in one sense: because we are one of their two main distribution outlets. It’s good for AOL to be a distributor of any and all desired programming. So, if it’s NBC, that’s great. If it’s YouTube/Google, that’s great, too. AOL has 15 million unique visitors. That’s a very unique thing for Google/YouTube to have distribution arrangements with. We could’ve been part of the NBC-News Corp. equity play, but we didn’t feel the need to be because we’ve already got a video-distribution platform, which is AOL. We believe that all of our content should be on all video outlets that are willing to respect copyrights and enter into orderly commercial arrangements with us. We think that it’s good for all parties—for us, Google, Universal, NBC, AOL—that everyone works in commercially arrived-at relationships. Is there any area you’re looking at in business for acquisition? Yes, we will be absolutely investing in various areas around our online businesses, either in
