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Terms of delivering premium content and that pace of innovation is what is going to change. we're all trying to inovanovate this in this way and bring new product and capability to market. doing it in arm's length contracts is really, really hard. you put the two companies together and change how the customer experiences cnn, literally. that's what we think will change. the customer is demanding not only the entertainment, not only the content, but the ability to integrate social. doing clipping and posting and social interaction with their content. so, these are the kind of things we want to ...

Consumers? >> yes. more competition, usually leads to more price reductions. >> imagine if you didn't have to buy your standard cable package. i asked him about the regulatory push-back. lot of push-back in the newspapers, headlines in the newspapers were saying faces immediate scrutiny or faces obstacles. they don't seem to be concerned about that. they think this is a deal where they don't have a lot of overlap. they are vertical integration of these two companies. they think maybe it will take a year to get it through but they will work with regulators and think it will be done. >> thanks s...

Facebook warnings, go to my facebook page. >> glen beck, his blaze venture ran out of steam, but for a long time he made a loft mont of mon of it. there are things on tv that people pay money for. people pay for the station, not just the cable package as you're familiar with, and that can be a very lucrative business. perhaps the trump family has that in mind as a consolation prize. but the idea you would let that information out now at a time when people are deciding, do i vote absentee? do i vote early ballot? do i go there on election day? what if it's raining? it's hard to square with poli...

Though not necessarily overseas. but the real problem seems to be the tv part of the business. and you have the stock down big-time this morning. this is a dow 30 stock. so that's a pretty big move. it had been the best-performing dow stock of the year. >> it was the darling of the dow. disney is still up 20% for the year. but there is clear and real fear on wall street about espn. espn is by far the most profitable part of disney. it will continue to do that. but it's showing some weakness. you can see the drop there. >> they've lost high-profile talent this year. >> at least 1 million or 2 m...

Late. what do you think? >> i think merging is a good thing when your competitive position is eroding. from satellite and the fact that and the fact that consumers want to consume programming that was traditionally all this program over a cable wire. like you get everything. this huge amount of data. >> right. >> they want to narrow down. they don't care where they get it from. they could get it from a satellite provider. they want it on their internet. they are much more willing to say bye-bye to cable companies. >> what do these guys get by combining? >> what they get is they see that compet...