Media Is Worth a Lot, Right?

Good media is worth a lot. We have trained the world to think about $2.00 CPMs. And now what's happening is on the consumer side, we shifted a model that you can pay for what you want to watch. It destroyed the most valuable media bundle of all time, the cable book. So real media supported by real media economics, the people behind it win. The FT maybe even semaphore qualifies because their email product is really good.