Cbs and hbo announced they would begin internet streaming services, this bypassing traditional media cable, et cetera. Thats our topic this week on the communicators. How people get tv, whats the future of tv, and joining us are two analysts, leading analysts, craig moffet and Michael Nathanson, and theyre partnered in the Moffetnathanson Research firm. Mr. Moffet, what is the impact, whats your initial reaction to what cbs, hbo, have announced, and then add on to that netflix and apple, et cetera, and all these other different services. Whats the impact on the Overall Television industry . Guest well, those are two separate categories, really. The new one, hbo and cbs, my guess is the impact will be, actually somewhat limited. On the other hand, the impact of some of the ones already here, like netflix, has already been very profound, and i think what were seeing here is a real change in the viewing habits of millenials. Theyre simply watching tv in a very different way than my genera