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substantial market opportunity. second, when you think about subscription businesses and that s what we re doing, as you noted, we are going to be the only global video driven news suss description business and the reason why that s important is i would say look at the new york times. everybody is so seeing for kind of point to ore dreaming services and really what we re trying to do is something different. the new york times has transformed itself from a newspaper company into a modern digital company and they ve been rewarded by wall street for their really fast subscription growth. yeah. if we look at the assets cnn has, global reporting resources, expertise in video, world class talent and anchors, we see a different opportunity. if we had the resources and the brand of some of our broadcast news competitors, we probably would have taken a different path, but for us we see a really substantial business opportunity. alex, you and i both worked at the times previously. ho

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