The AOL division actually came in worse than expected.
More Quotes from Fred Moran:
Radio is the real wild card. It remains to be seen how CBS performs without Howard Stern.Fred Moran
This officially recognizes what the market has already stated Traditional broadcasting assets are worth less than they were a few years ago.
Fred Moran
AOL Time Warner will be valued like a traditional media company with superior growth prospects,
Fred Moran
The write-downs are more of a reflection of what's happened in the past rather than an indicator of the future. The value of television and radio stations have clearly declined in the last three to four years as those media compete with other forms of advertising, namely the Internet.
Fred Moran
The cut can't hurt, but it's marginal as far as its impact.
Fred Moran
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It is better to kill one hundred innocents than to let one guilty person go.
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Dirty Harry, for example. Clint Eastwood was not a rogue cop. He was a maverick cop, but he was a good guy.
Charlton Heston