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... it already with many great speakers ... um we're always excited to bring people that you rarely get to see on stage ... this is one of them ... it earlier to this is been very gracious it was it was time to doesn't really do this ever to keep it that the waste of time ... I hope will prove that it's not the case of its launch earlier ... the ... their lives ... again thanks for coming really know that this is not faring ... well it will they don't normally let me Alan ... Abelson vision ... I think you see to resurrect ... from already hear the bot on Mary ... it's me one of those ... see you are ... Monday to avoid too much smoke here with ... me you ... are really big deal in the pay TV business you run the third biggest pay TV company in the country to fourteen point subscribers ... you've ... done very well ... in that business ... but you keep making news in making statements that indicate that you don't really like to pay TV business or that era the TV business at all ... I wanna talk about that but before we get there I want to ... show the Warner latest shot at the TV business ... to commercial which assorted running today ... I ... Ch ... TV ... commercials ... it's ... within which a few words nope ... I ... Ch ... I ... I ... the ... new new new ... let's watch commercials and TV click here ... so ... that's the second time you see is the first time was backstage machete to you didn't know about it which surprised me but hardly new but avoid arrest ... Andrea oppressor was this morning to this the multi million dollar campaigns but without that with ... Toshiba ... well ... yes today is the CEO ... of eighteen months ago Joe Clayton due course ... not the number of things ... that let off the Rams years radio the he has a mad he has a plot to beg for forgiveness ... he doesn't ask permission ... so ... I think that it is probably a ... obviously this ... did this on an ad that the network in Iran ... the ... so it's the it's the biggest having its our team and will but upon death on the internet in social media that's probably where that will blow to its stance on YouTube now it's a reason to ... get you to Lisa money but what is in love with the technicalities the Hopper but probably great ... advertising seems to work well for a lot of people this country I work at a site that is supported by advertising costs events like this ... it's ... um what's what's ... wrong with ads why should people want a steep and when you want to kill ants ... well I don't want to kill it ... I think ever does is great and and some very are aware that there's multiple revenue streams ... and TV and they can be sufficient to be ever ties ... aam but whatever but ... I also would rather ... I also don't want them ahead say that I think that the world is changing ... and the world is changing in terms of I don't I don't think is a consumer ... no one ever ties and that are relevant ... but just as exam wanting to get a good job and signs that you want if you want to leave to pick one of three or four commercials that may be relevant to you that's a step in the right direction ... so what the Hopper we actually have technology ... that allows us ... to target man ... so that the change that you can watch an ad that might be relevant to do so ... no single mom may not need that testosterone had the run from ... time and time again she I want to buy one taught them about fashion ... and with ability then technically today ... but the bright given the right distances look good after that so when you go pitch to broadcasters about what we can go do something different about ever ties ING ... they don't exactly ... think that's a great idea sometimes and so you end up with with changes in the DVR ... you know ... when we helped invent the DDR notwithstanding twenty those of us ... would go first ... the the authors of ... the ... bill the world change because people suddenly have the ability to ... the dwellers of the building skip commercials called change the channel ... of rapid change the channel to skip commercials of them so ... it makes sense then to give people more targeted at a more ... meaningful to them which means you can run by US commercials and could run more meaningful commercials when you actually could make more money ... on their revenues that's that's our mission of it ... of which is a distributor for what I see you're saying to the networks we don't want to kill advertising would like to help you use the technology to sell targeted advertising in one's telling consumers ... at the dead were the ones that help to kill it ... it seems like it's hard to walk back from that of the year from now suddenly Les Moonves apologizes you guys get along great exerts on target advertising ... well two things are happening ... first of all we're not allowed to change the commercials so yes ... this goes back to the legislation the ... forecasters for stronger industry which is we can change the content ... of the stream so we can do targeted at if you wanted to Anfac even in the Hopper those ads are still there even though ... he may push the button tarmac to skip commercials ... that's still the urge to go backwards or ... will still see the commercial are few and get this kit bottoming out erasing the entire race and are still there we can change the broadcast whatsoever ... so we would contend that the smart broadcasters allow us to change that with them ... to to do that ... aam ... the second thing is gonna happen is ... the ... the ... Wasson ... the ... litigation is going on today ... Walt would decide the fate ... of ... you know those commercials and be careful what you wish for because the the the the broadcasters are working with on their claims that they've got all the DVR ... write the word reconvene society where you're forced to watch commercials ... that you can ... fasting is real stuff that happens you lose and that you end up with that with the press ... you know we want more than we've lost we've lost their fair share so ... I'm you know I think would I rather have our ... the argument but ... the ... board to different jurisdictions ... in California New York ... tell porn is very ... heavily influenced by ... the media industry networks in Lesotho will use to come and go sit in in ... a lot more to this blog were to do with the opera this same choices are commercials what he wants to do was go to CBS and Fox and whenever it can say I don't want the next number dollars per subscriber for your return speakers should be ... I want you last ... we can work that out and this copper goes away ... this is a leverage point not a not an actual product push ... knowledge of what we are right we don't want a paywall in a written paper richer ... but ... but we do because their parties workbook we pay for that at least in our judgment ... sometimes we take it ... aam but ... whoever does however again it's it's it's it's really the technology has changed in the future we have to compete in a while ... with that with the total universe of all we compete against ... we compete against the silent company we compete against two phone companies we compete against the cable company we compete against ... any number of people ... and ... all their ... products to commercial ... and on the Internet may be a commercial for him ... on the many things ... so with that why we have to compete against that we say we don't have to do better with a mature product ... works better ... and ... I think the sides must take the side of the consumer ... write verses ... if they decide to the consumer ... odds are long term Reagan did pretty well ... the most robust or the proportion who ... want one more frequent why why he doing this broadcast TV that the cables and when the server sends was offered was that this isn't a real he cares about this you just don't want ... that's a good question ... technically we're Leo moral able to do today that the broadcasters because what we do on the Hopper ... with our patent pending as we actually we actually record the whole stream of satellite transponder ... but the only shows that we because of local local swapping see only shows are on the same transponder ... are the network's Sony's local market began something forced to Porsche to mass by broadcasters themselves ... was local local transmissions ... AB and must care became a paywall ... so once we are forced to do that we put all the sudden ... transponder in each local market ... and therefore we report the strain ... which allows us to this ... the way we do it allows us to skip only the only things on the transponder which is which is ... just the networks ... couldn't replicate that would give the cable channels can replicate that because we can ... we can ... legally work or ... want ... transponder ... says the technical limitation or isn't a thing and it's not we'll its unwieldy inexpensive ... because the latter read it and people who responded as the new bill without ... a significantly ... extended a limitation it's not technically possible to be on what we did that that's all you can get ... you to skip past the broadcast channels ... though he was able to think of the average consumer gets the difference between broadcast TV ... and cable TV and they get that one ... the destruction to promote its just TV shows and networks like ... I think the average consumer showing my age bracket understands the difference I think my kids might ... be a little bit different I think I think people understand that you know ... the different network the cable channel but it probably ... the winds are boring probably over time but the latest on them and if so what's up with TV broadcasts and beginning due to lower your billionaire multiple times over ... to the systems work really well for ... seems like a customers as well ... but you should get a sense from the stock are saying publicly that you think it's broken fundamentally you want to change it some way ... um but these are what to what you did it you're still selling a bundle of cable TV just like what ails us prices are basically is ... to fundamentally wanna change the way pay TV works TV works are you okay with that in general ... we think we would like to do what we normally look good as what everyone is consumer sentiment reading them that product so today as you said there's ... usually customers for choices all ESPN is exactly the same one as one of ... the price of gold ever and so we differently with different a different route ... a couple ways ... one is like a product works better I can make it may be more user interface mobile more seamless will the more user friendly ... and that's one thing ... that the Hopper to protect ... the second thing is ... to the second thing is is we believe that in most cases ... it's better for the consumer to pay for the pecans at once ... and then watched the content whatever device or where ever they ... are ... right ... so you don't pay extra for Your Phone director for tabla director when you travel and ... that you can take a content with the new company one-time ... that in turn makes the content more radical right and the content ... owners with the rest of the cult TV Everywhere go see the TV Everywhere it if we really do it in there for what it would only be viewed TV in her house when it was one Hopper swine we give it to you ... anyway or ... and it can take it with you with more upside noting that the building ... of the people do that they just do it with multiple devices to do would get to be a PhD if the grant program we make it ... a lot simpler ... to do that ... on the third thing that they were really focused on this is to say ... that ... your twenty oh wireless network outside the home to be that ... we'd like we'd like to own a wireless network so we can get a quality service ... so that no matter where you go you can count on dish network and earth and their system ... to get a good call ... and one s T Mobile wireless and then everything just reading or technical ways of consuming tell ... right portability ... I took him to get it ... when he didn't say is we want you to stop paying a hundred fifty box with Everton's ... for fifty channels are under channels are under the channels ... you only want to get one ... you not talk about breaking up the bottles that because you like the bond or because you think that you can break above one ... word of the ... world all were the only US Cablevision the going to be punishing them for a car ... for were still probably are ... because the internet really is all a card today so we know it compete against that so we just know that that's all were ... we have to compete so that's one reason for all to it's gonna go there regardless of ... it's ... it's gonna go there slowly but it might get us aam ... and so that's one reason that they ... haven't said that we we can change it ... so if you go to for the five big companies today that have ... essentially ... whatever whatever fires on two while Apple some awful and when properly ... you know but for broadcast networks and and and Time Warner have enough power ... to say so Viacom says ... if you want ... Nickelodeon get Nickelodeon to get into the one two and three D VH one dollars and twenty channels ... and only one ... one of them ... are few and ... are given how hideous the one to three ... different classes ... or whatever to some people Watson ago shows that no one is all so ... aam ... also when the cost of programming goes up so high that consumers often wake up the court decided that that make any sense ... let's go in and get what we wanted and MMA ... bill Steeler to think that ... that is pretty easy still on the internet that you can ... watch virtually anything to the internet ... you watch a movie before ... I'll be in India watching a movie before he became a theaters here ... the analysis is passed it so it's worth of testing that you are just just now ... so so so what's so people will steal it ... if you if you don't make it easy in and say when does wonders that it's over because we keep your solid earnings makes unsettling to most people in this room ... but you'll see Comcast to deal with ESPN ABC for ten years into the locks that structure in ... UK do you keep renewing deals become ... were bumbling stuff when does a break ... somebody will ultimately not do one of those deals on a break that's one possibility so one of those four ... what a style icon is a good time to do it and break it up or ... more than likely ... right ... will sew the seeds of our own destruction in summer like Amazon and Netflix will do it for ... and they will ... so today you ... can get ... a lot of customers could live with Netflix ... an offer and to ... and ... you too and the internet ... and then be pretty happy ... because Earth because what people normally do is they just go ... it's a dumb to TV in recent years a present of NBC years and years ago when I started ... in the business and ... Alison ... was a bit more time is that people go to church to the tothe get to the ... least objectionable channel ... and my kids do that so they sit down and they start ... going I just find something on my find the you know ... they find some guidance on YouTube or some diminished are watching and they don't actually go watch modern family or ... or whatever does the way the way I would do that so ... that ... yet and that generations to change and every executive I'd talk to says all the stock and a half that number may differ on how to grow up become dough to pay for TV and I'm not so sure ... about that so that's the court never served it does mean to break the circle ... probably once a month right it's again people in this room to read what I write this of ... course that is happening or one of the Korber statistically ... we don't see agreed to pay TV industry's basically flat last few years you can argue why it's flat ... you not seeing it happen in mass numbers a t think ... people are just not signing up for cable Korean Aspen Senate ... or veggie are cutting the numbers are five kids ... I is giving you know you never ... I commend people so that people people are given up their land ... to yield three years later so while people are I think people are cut the cord ... the visible example of anybody as college kids ... but I went to college and cable football or whatever is their their indicate there's there's a cable when the water is not one kid mature person in the world to the States is that what that that ... so ... on ... and so is there are going to an end and then they don't ... but ... I digress ... the reason why it's ... what tobacco companies give away free cigarettes ... on college campuses has the ghetto but you ... know when your youngest deal would consider turning on the book ... I think with the look of people and pay TV window ... and we're not doing that today so they're going off to you just use embrace the cable TV guys are the tobacco ... now ... so the story ... so ... if if were to drive down I wanna get ... in front of that and so did you know ... the bad trades can happen as the company we need to see you know what we can to take advantage of those trends of her ... so so can you do it ... with the TV Everywhere whatever the person you're gonna call it signed ... a wireless public that the second ... continued to new hope can you get these kids to be your satellite TV ... junkies ... up ... just for the technical stuff you describe or do you have to fundamentally change the program are off to ... the half to give the option to not get ESPN are only get EMC ever does ... I said that I don't think we can get a hundred dollars a month from every ... all people here that much of the cost of this conference ... slot ... how much ... more high rollers ... for the device ... okay so ... all you guys in a four hundred hours a month or two you face to begin paying ... a hundred or so come this conference and you can read more about for today but ... but the sloppy but I can so ... you know those people again for granted him some different ... this can be choosy and I think that ... because what happens is when I'm only watching only watch ... my kids over for what ... they do when there's ... been a sporting event they want to discover my house ... it might ... bring library washed once again for the good of our ... so I go to their house ... audience Netflix ... the ... so ... a lot I got a house of cards right you know ... continue this so ... so ... I it's a giveaway ... as the company were were were hopping ... were not Myrtle different word we're just trying to build good products in you and I might like from my kids my likelier friends my life ... we hope we make money ... historically have inspires ... the self ... write to make it right ... you know will make money and the ones that we just want ... to do ... we're not afraid of change and so ... change most companies when they become successful ... resist change ... no matter what which is I think some the broadcaster broadcasters ... I mean it's amazing one-on-one hydro you one hundred percent ... of the TV viewing was ... three networks ... for networks tracked ... and now that's less than fifty percent ... so why did they let that night and continues ... to go to now ... at some point there to sell the spectrum back to the government ... right and ... did not intervene industry there as we know so ... um I think we have embraced it gives you choices you can fight change our ... anybody runs a business you can buy change are going embrace change ... I believe it's less risky long term ... to embrace change and try to ... untried and then when you get when you when you deal with change ... he got a couple choices there too you can you can ... lead to it make the rules ... our India fast follower ... are you be a slow coloreds ... than pay more when you've fallen make that shortchanged you have an oblong reason know what we're doing now is not can work five or ten or fifteen years now read through flipping the switch ... things are going to work in a search engine ... wars of aggression low pollution ... I would say about ... this is this ... I will ... what I would have been warned and whatever I'm thinking right now ... this ... the idea that three times in a row ... the Ramadan ... no sir no surveys know enough about three times in a row ... so about five years ago I realize that the model as we know where where double digit rate increases from ... for programmed with monopoly company's monopoly broadcasting was ... openly ... Giddis ... two Over hundred dollars a month for for programming costs ... which tasted ... sch sch and and so we'd better be prepared for that so that's that's so we decided that the wireless side ... was probably a place we used to go to Tamilnadu I ... didn't know how when we get into the wireless business with the help we can get into the wireless business but we ... realize that ... that in the face of all this ... change was can happen ... that what we needed to be over there was the figure for customers in the house and outside the house soups initiative of the world's most awesome and so ... new wireless is important because you wanted use that winter programming or because you want to be a will to sell ... in an XS which you really can really do now that she ... well I say first and foremost were video customers company so first and foremost one of the video inside inside the house ... but as we get into realize that that the way the technology was changing ... was that ... with ... IPA ... all video was data voice was data are becoming data ... so video ... voice and broadband world that they're all zero someone to want to roll zeroes wanted to build the network ... the same network that we get a video we can also do wireless broadband legal subdued voice ... so that's the ... the the strategies to build a network you know these technical term you bunches ... of ... spectrum that you own already ... people always try to figure what to do with it if you want to build something yourself when you partner ... just acutely because you think eighteen T will buy you ... nine put in its bid for Clearwire which is another ... option spectrum ... what what's your plan and you want to ... build and operate this thing yourself to one of ... the not somebody else ... no I mean ... ideally we built a network ... because because ... all networks in United States today all wireless network United States were bill for his voice a voice centric networks ... and ... the new technology courses ... it would make them an entire IP network ... if you were to build an IP network that you would build a materially different ... than people built these boys networks that are out there today ... and I'm I'm I symbols example is the boy's network today ... then in wireless there's old days most of the Arnold about the ... the ... the the the the the the operator she kept you pull the plug ... plug into things Nowal connecting people ... not to send you what your cell phone does ... the date of this automatic it's it's um it's always ... people ... Saul with computer police things back and forth ... with an IP network in either the right stuff and a ... star avoided being twenty times twenty times more efficient but this is a better network so we got ID like to build a word ... we took so long to get our ... license that is more difficult for us today that because you're talking to build entire network and you don't have customers ... so that ... probably ... that probably is ... outside the grasp of reality and something we can do this much of the blood to be harder to build the sport so ... it's better to probably work for somebody is Ardi ... in the business party has towers arty has backed off estimate for structure and is later on in the tech knowledge on what it ... how we go about doing that when we get a chance ... remains to be said ... see you put in his bid for Clearwire which again is a lot of spectrum ... do you need that spectrum to go ahead and treat the wireless partner talk another can you ... now we would need ... to compete effectively as optimism ... to competing again ideally we compete against the ATD Verizon's ... and when to give customers their choice differ with them ... not to do that ... we would need more specter ... of considerably more spectrum and have a hundred ... for customers to review ... so it makes it difficult for the marketplace ... but I wanted to make the point ... our intention receptive never saving differ with the intention was not to sell the spectrum ... write if if if ... the the the FCC did as a great favor if you want to sell striker ... we can make ... you know billions of dollars in Seoul spectrum ... and I being an anti due to the tothe paper that said referring to his affair bike ... by letting us use satellite spectrum ... for trashed road use which is what how we ended ... up telling ... in the marketplace was we took ... existing spectrum that was not effective from somewhat perspective and said with a better idea ... but she's a traditionally ... we were the first people have an idea LightSquared of the people Globalstar of people have the same idea from work ... so we got to that idea ... by doing this ... by allowing us to do that to change the rules the FCC does a great favor if we want to sell the spectrum ... but we don't want to sell the spectrum so what ... by taking as long as the ... book ... actually was very devastating to ... our dinner in entering the market place the because the time but time ... we get the rules change ... Clearwire was Ardi been acquired by its brand has been acquired by Softbank ... T Mobile with the crime Metro PCS ... and ABA's filly is ... you know there's one company left of the coldly ... which cricket that ... that's about it never deal although the dance partners or ... or fall to something you can sell or not they are where you sew it solutions ... well I think that that ... well or not ... we're trying to ... work China bought some spectrum the Clearwire ... and they were buying ... we made an offer for what we believe will be the minority stake in Clearwire Sprint would still have a majority ... stake in the face of shows ... which doubled ... while they said that that's what they did that they would sell them to stay ... I would say that that's it's not evolutionary offered were serious about it ... the deck is stacked against us ... for Friday reasons ... but ... offer made offers for shareholders ... today and I think that I think that ... that threat will have to do something different and are doing today to ... keep its now ... six of the deck stacked against you ... um you've laid out what you need ... to have a wireless offered so if you don't get the pre orders for ... this deal doesn't work for you ... when you next year pay TV provider was expected ... you build that ... but on Wednesday ... but Rob option I get led to the the the the the ... few people in this room a bit more than a hundred dollars maybe they can meet unit ... is there some obvious in them are missing you hafta partner or someone you to sell to a wireless company to donate all ... the artwork for sale ... Berkshire typically would like ... there ... is really three choices one is you can build a network ... from scratch buyers so that would be biblical maybe not ... quite in May Strike may be good to do that ... not likely ... you can partner with somebody there suggesting players in the business and is ... Number PV to partner with ... are you can sell the spectrum ... the ... the ... one that were focused on one level ... which is the one that ... the most ... prudent ... for us to do ... if we can do that when it's more likely would sell the spectrum ... so until then can build it ... ourselves he good someone is Ardi know is this a risk taker Specter from PC in return Renault writes off Mr. customer ... delight when ... we just we just a wee failed him ... and ... but for that of course if we fail we put the for sale sign now ... not the first time we will fail ... well ... try everything in our power not the ... to reach that I mean is ... this ... I sit this one ... was that it did in nineteen ... aviator somewhere ... worse it around ... you know one day was the most watched in silence ... I ... am ... it's going to refer to the strike broadcasting is going to ... happen world will proceed with this for a business plan work ... we want to sell life we don't expect a ... lot since I was never built a satellite Obama weigh the costs about three main dollars apiece will have the money ... aam and we're going to be his ATD Comcast ECI and General Motors ... we have no customers ... aam ... the wireless plans while better idea of where ... so ... you don't have a backup to read is that in the story whatever you say you did some subtle enough to get them back ... yet now with the coming week we enter the ... park plan was all the way we launch of a Chinese rocket that has a fifty percent agree ... and if that had been before ... it tilts up wanted sale we did have a plan B my ... investment banker pay it ever closing dinner gave me a book of the book like this and culturally trolleys plan B ... was a budget the page ... on the wireless side ... would introduce yourself to position redoubled options ... strategically ... when you try to write please work turnaround strategy and company were we tried to yourself in position ... for things ... that you think might happen that if they happen ... to your position ... to take advantage of those things that you think might happen ... you think ... income taxes may go up so you ... pay dividend before they do or whatever is right the oyster change that to herself positions so the US so that's the position that weren't enough equipment being CDMA ... and half ... but sometimes ... almost all her ... and are stuck with ... you know when it's a huge deal to people sing ... on stage saying ... if this doesn't work we basically have to keep ... twenties ... if we if ... we get into the wireless here ... we got to be more prudent with ... us that ... up ... um one of five kids out of the forest I was totally irresponsible ... and I am I paid the time that I've actually become irresponsible Dole day ... because I don't want responsibility but I do go responsibility to shareholders of the responsibility for employees to fill responsibly Turkey Turkish ... and ... we will do ... rational prudent thing ... right now ... if we say we have no ... if if the odds are against those are the odds are fifty fifty them or not gamblers word will do the prudent thing this this year something will do that that's that's that's not a gamble ... George legend early when you were professional poker player blackjack both ... bought a bunch of all ... that but ... every last ... bit out when I learned how to play ... but I decided on this for myself I was a business ideas both both by plan a VCD of most of them more ... what I was to become a professional blackjack player and I learned how to buy part I've learned how to play blackjack and we can make money ... for two problems ... that when you can't cards the casinos would pick us up ... in due course to go around the place of the world to play that ... in the second thing was that was reborn ... because in blackjack ... that ... when you count cards this first was not a gambler ... whose you've got like and when ... the second thing is there's always the right ... and wrong answer so they're ... there ... when when there's a card play ... there's a ... scientific computer op movie you might be their ticket cargo the cargo believe that ... whatever you do this on to write the answer ... and so became very boring ... you should never play whatever the Father drink and that you know that ... that the Robin the somebody said to block out all kinds of fun ... and you're set to go ahead ... do ... fold the ... this is just an early morning so ... in fact I would I would ... win a thousand dollars until the table is a dream and ... so ... this craft was fun but odds are good as a gamble so ... I wonder I discovered I forgot I could make a living doing that so ... aam to settle into the net ... to the the the ... the worst tourism yes I guess or have I was never ... a professional would get to some people who beta ... you know we did live in it knows that it's because he was placed around the world of that time people didn't think people could ... you bring down the house like them to eat ... you get that good in major Korean are ... some places worldwide action Macau in connection with ... um but that one ... Mr. or ... sit in that earlier concerns of Iraq and that's a gamble and is now the backup that's a legendary story in ... people this for for for ... I'm in another story lots of her ... version of the story was talk about you is is ... they say it plainly that she ... and the like I like it ... the comparable frugal is a polite way of putting it into law ... plus Why was putting it is this week granted a cool story about your company's of the meanest Company in ... actually ... aam Amenas Basu said Mr. Emir whose value was although new in N out difficult you are to work for ... lots and lots of people quoted saying Charlie is very difficult to work for all sorts of horror stories ... um I'm talking about it before working on stage didn't say that was wrong ... well I guess is the short answer when one is for those who haven't read the article busily the release that does the dishes that mean is this a Charlie Ergen's Amenas boss of America dishes Amenas company to work for August was the gist of it ... there was any worse ... some truth to it it was based on a a survey ... that was done from a ... glass door ... cluster in the store ... were they were ... the boys write comments or former employees reccomend them in the region we read the below ... last year ... aam ... and ... this of you know I think the short answer is ... I can learn some of our coverage or are something we can weaken the things ... that the things that we can do better ... they were really the ones we are Gone facto or de plater CEO ... when the ... last or thing came out ... he really sure that we really share that he shared that with our lawyers asked how we could do that ... and ... what the story comments ... write to the superficial ... that story was fairly superficial ... because what message was with a cold sure sign of the salon answers this is what you want culture to be ... as the company ... aam ... and ... they are ... our boys ... permaculture perspective ... we're not where ... freely admit we're not the place for everybody ... write ... but was above all it was a good unhappy Dish and Kolon's these shoes with a lot I didn't have the dish daal IK I love color work everyday at what level of work with the people that were working with ... aam ... and the andthe people to the people who do well a dish ... are people who ... with free culture cultural banks ... the culture but this ... one is private first with pride ... the only well one thing a ... lot ... are your thing you wanna watch ... our Web companies does take pride in the best job you possibly can doesn't mean to be successful be the best job pasta can ... be surprise help but lack of pride there is an American workforce today ... the the second thing is the danger ... the good things like got to be any company or the for the Chairman's and will we go plan ABCD or not sure exactly how we're going out we're going to go to the moon but we're not sure get ... right so ... everything's cool that of an adventure for look like an Indiana Jones movie witches are always in trouble or get out of the euro is going from one ... the alligators today ... you guys narrows the snakes snakes to whatever right ... in the third one is when ... we we want to win ... so we're competitive means we want one ... now ... for employees the private venture twenty which is called on the company ... that means ... the mange your work or ... people complained the art building and work there were car but you will we will work or ... write out like that things were demanding or not mean that we are going ... um ... we can expect to take personal responsibility ... we ... expect you is that we believe that ... you ... did you control your life ... that person to Georgia life is when you look in them even more so we we knew when to take personal responsibility ... and how you conduct yourself and your ... work and so forth so ... we get a lot of responsibility ... as result which means ... you can start the warehouse to become an effective veto it does not tenure ... has not employee including me in the company has a contract ... you go with them to go make a mistake ... we ended the fire right in the forty man hours to go away ... Jeffrey Singer of Everson ... right is some guy will destroy the bank the GoBank nickname for gaming and to go on a walk I can responsibly shareholders asked for his soul that sounds rational ... and just having a hard charging company culture and while we are working with those ... of the lobby where workplace legal or Facebook where they get buses to take them to sustain the Valley and the ... job ... all that ... the story right you guys is you charged five cents for four or spoon or something in the cafeterias that is untrue ... sure ... the we saw that ... I mean middle ... wish ... to ... know and and and you can try the harder work or you can take the ... metro to take the ... new addition losses knows that nobody is an RTD bus ... then you get discounts from a company that did ... the RT but you ... said that the thing about money in ... people of the real Santa just cut off a ... wooden box ... um I get it going ... to start your own business you work somewhere or the Harvard business will take every business class read every self help book in the world is only to contemplate which ... only to ... the government crossing thirty two years ... there's one to give results ... and is one of the excuses ... write ... this only to ... if you most looking for an excuse most people ... are an excuse to ... write ... if you're in the canyon I don't I don't like working the damage ... but if you're in the end ... good results ... the new believing that first response you don't like it ... because you can be successful ... and our job is to make sure that you ... we get the very best that you up ... I can tell you most people do not realize the potential that they ... they do not know I mean again we're watching ... but ... goofy guises ... once the lights out what was with a lattice process ... and and so and so we surround ourselves with a bunch of people who believe they can do something right ... and ... and therefore you like that ... but if you're ... it does make a bad person but if you think that ... that somebody else's ... this ... the kids I guess I can say this that this can keep the eye can ... see me Ronnie was talk about some ... the the ... if your last Monday was a hundred bucks a ... day if you if you don't ... if you don't think you ... can make a difference a mortgage were just not a good place for you ... and ... if ... can you imagine what the article and said well I would love to hedge ... the Cordray argue I've come to work on time you spend money ... as much as you want to know and care ... they don't give it all harbor they don't give it sets the tone in it they don't get test to see if your version to see if you fit their culture are smart they just argued the office tree ... to my Cheryl referred to me and Noble who want nobody would want to work ... last night on this I'd talk to people who ... have worked for Mrs ... we want to live ... Charlie doesn't value people ... and he thinks there's are necessary evils but they're they're thing you have to serve acquire along with technology doesn't get ... that ... you do have to treat certain people certain ways or these critical to the Foster's that ... and he's gonna compete with Facebook and Goebel eye checkup isn't that the world are moving in to brighten up ... my are the boy anymore you wanna compete with really high and that Netflix is the world ... you're gonna have to accommodate some said said a fair criticism ... it's not fair that I think that I care bout employs more than a baby ... in our company ... but that doesn't mean giving him I care bout my kids to bed that doesn't mean I get married in The WA or S'pore ... it means that you put in an environment where it was only like the ... one that their culture to fit for you ... that they can achieve that up to their potential this does not them better when employee reaches a potential there's nothing worse when somebody ... does ... but for conch fall short ... so ... for example ... I'm ... if you work edition you believe in you walk with your fora want it in any of you know you work there for ten years ago to walk away with ... it and walk away when Bill centric is the best colleges are Nobel walkway is due not to walk away ... to the financial financial and energy to be probably ... awful track so it's a good does that mean you care about boys yet ... he said the people ... and do what you want ... whatever sizes will do will do ... whatever ... write to Santanu top twenty percent or twenty percent time for us that's not our culture both Jo Meyer CEO and I'm old school right that doesn't mean that what Facebook and ruled that doesn't mean that the Silicon Valley for for what they're doing ... write that work for them ... right and ensure employees that would be buried ... well beat Greece a potential bout of Iran ... might not ... reach their potential and are ... about to burst but it doesn't make one driver Juan Raul ... there's Vows ecologists like Gary exit area wine ... and the reply me a theory edge companies are successful no one in theory why ... the picture so so ... that that the key to success was the view that called her new hat ... write ... what is that you did you were ... sure your culture treat yourself ... and your consistent with the culture ... a number of probable culture and varied from people I worked worked with but were not for everybody ... so ... bill ... he'll work hard ... don't come to this ... the job ... I was a question for him that I wanted to ... the audience ... maybe one work for you ... well I ... mean vintage I love the Shackleton was shocked into McGough what the Arctic and I'm like a mad papers that like you know ... you know cold freezing cold long lives low pay a bubble wand pieces but the good sense of accomplishment to get people wanted to go with it ... the Marines have people wanna go the Marines if this is a group of military people ... and this table here was Marines ... India's most respected table ... right there ... people say ... I'm throwing ... and ... that it as opposed to ... the Department for a turn so it starker Navy seal ... the people say wow salute and thank you for servers ... so ... you know you're you're going to do some years ... temps eighteen T Verizon of ... them I can get where I can get a bunch of average people wanna get their bond much people don't show worked ... closely with the Navy seals I wanna ... ask you ... there's a good ... read last question got the guys a shot that wasn't drones overhead ... um ... one can be divided blockbusters bottom of a bankruptcy plan was worth it to build the Netflix like product were to compete with them ... we made some noise about that it doesn't seem like there's been alot traction what's your isn't up to them ... the roast red ... wine for was that when that a real state was really good first in the wireless business in what we really plan to do with that put wireless and ... be so happy for the wireless of the story of the ... would be ... TV and whatever else we put in there ... aam and because of delayed while this defensive work and acted the way to play ... but ... what Buster for say ... we were we were too late to the Netflix ... sign that Netflix ... with the reduced market ... and they can to get under the radar covered the critical last of the vine so they've got enough critical mass of the combined pretty much in front me want to ... um what you think it's sustainable business with ... a lot of money for stuff does the spending a bunch of money for stuff like their own program you think ... that sustainable domestic around versus a one off ... I'd I think I'd ... I think to be successful to be all well ... but it but ... I would say the odds are are ... that that I think they withstood the pressure that their brokers to get to thirty thirty five forty man subscribers ... people have to sell two of the business of renting for so you try to come after that and when workers over the weekend we didn't we didn't get in bed because we could we couldn't of ... Brianna got to go up by the ... content ... start from scratch they are and were ... fifteen and are so ... Amazon's the only one that maybe ... going after ... we think the ... Amazon ... I think they can live this room both to be successful at Amazon was to sell their product as has ... Amazon to subsidize us the one advantage they have ... worst Netflix can they did but give Netflix's so focused on what they're doing ... aam ... you know I think that this house of cards that are different and ... I think that I think they're going to change the paradigm that big change with people watch TV ... and ... but I'm afraid ... and I'm I'm I feel stupid that we didn't think of first but um if ... you think they have enough leverage to break open the cartel you were talk about anything ... write to deal with them and they got Disney's movies ... to change ... they they they ... cannot produce are all ... content ... by way ... no commercials ... I considered ... so you know you watch you watch the ... you know what sixty minutes in forty minutes under the narrative that ... it's ... it's bright ... I do think I think I'll what to ... do and if you stick around and see more ... of questions from the audience and to be a microphone somewhere and see them come in here ... a couple years technical questions for Shirley ... sure ill people there we didn't start yet there are good rose even though it is a bit under Boksen ... the damage and crackers ... ice water ... it released its freeway systems and she cautions ... one is aam about spectrum and one is about not about spectrum ... so ... in the spectrum context ... why have we not seen somebody in the DVR space time shift ... aam prime-time today ... uses satellite pillbox ... by ... two am to six am ... pillbox prime-time programming ... is it strikes me to do when the area ... that day is not matching Ranieri viewer audience ... it's really surprising to see so many nobody's actually tried that ... look here comes the second question is ... if you can't win the spectrum or from Wireless perspective ... aam ... Apple's beginning to demonstrate the building that work with how ... the spectrum ... aam you know their roles euro trucks for Apple and standing ... but the network back to you ... and so the question is what the play think of building a network without the spectrum ... which is building a network with the device ... what can we ... do we ever ... with all ... the little ... when we can record today and ... that have been available for people saw this come home and loan from time to the Wall Street week we can do that because that promise does take up the hard drive space so really the three hours a night so in our view on how many are convinced it would fill up on our drive ... and then daytime TV is reading that ... so did the big ratings ... so what we did it I ... mean it's food for thought we'd like to do that ... aam and would probably probably ... could set up for the consumer wanted to ... you probably could set up for the consumer ... good ... so here's accommodated on a report that the hybrid estimates by a net because you you have to set up by networking and prompt a fifty one record so ... we get we can do that a bad idea ... the different ... ages I was stirred the network from scratch ... he said ... some twenty four just chill eight hours ... but by the midnight him so ... Fraser from Spectrum perspective just take the midnight slots which are empty ... and three ... and read for RIM but have the DVR restrict the time frame ... so the only place prime time during the day ... says the equivalent of having twice may channels prime time ... even though I have an increasing number of satellite launches ... if ever I had already been to ... toe with just about ... there were the top three hundred linemen people short ... but but but when we get it ... I sit in Detroit ... that that's all the power of internet you can you imagine one server ... no one big serve earn Amazon's case multiple server for Google's ... got in on multiple servers and you get that that confident on their unlimited access to the society what Netflix that's right ... big server in all divisions ... so ... the fact is that much yet offer really can't do that very easily but you can do that with just the Roku box ... smart TV ... so that the world is going to check out Tom plant world and change ... I'll be Western Union ... you know ... like when the telegram ... goes on to the hospital to post up postal service ... so we may go down in flames or ... your next shot one one ... the second part question was tougher damages when Bill the box with the decision ... to give them spectrum is in some cases can become relevant bike and MPs for ... I can for granted that I think that that that that my ... eyes it differently that ... that ... that ... the cable guys did great job in your house ... write to David that it did ... the TV video didn't detonated a voice in the house ... and wireless got to the job of those three things outside the house ... but the cable guys in the second of ... mobile got surprisingly the third piece ... write to me so they decided not to compete against each other ... and ... where we really want to go as well as we would be both will compete against both the cable guys and ... while Scott ... we wanted it we wanna do them in the house and outside the house I think we have suspected that ... with a raffle we had ... you know three hundred billion dollars in cash ... in our ... the weekday Apple to do anything that Apple to buy wireless companies tomorrow ... private pocket I can change ... so ... they can do we want ... we're just ... St ... worse and ... worse yet for those doesn't wears and you know we're food stamps ... Ryan always TechCrunch ... let's see let's say here on in and in desert island with steeper can of lighter and less and as an Chase Carey ... which Wednesday the first ... this is ... America going to get to ... well Debbie got up ... good question though ... these are real and ending with with the programming doesn't unit into the the the thought of it all exchange bubble I can tell it's for shored up ... I think that you ... you ... all those guys are professional ... and so they're ... they're also trying to run a business that I did the right to their shareholders and so I think you have ... I think ... that you you always have professionals gushes a dozen be Mr. degrees sometimes you did read my point is I'm trying to explain to tidy make more money not last ... an extent that they will ... you know that I would say that ... Chase's try the one that's more of the ... leading edge of of technology cozy ... with the ... disease in a variety of things it's uber Roper River so curious to reverse our own leading edge ... you know there's a there's an executive he's ... known in Johor like the gods or on Twitter and something ... the chase come from the background ... that he's probably thinking about global warming is thinking more about the making of the of the leading edge making the rules ... write to all those guys are bringing guys ... and tremendous track record of all ... they're extremely smart ... and he laid out there ... I can I believe the worst the walk to ... the ... back in the country ... and that's all we knew ... them as they dropped earlier doesn't make sense or more I can do that ... but the research that with patients where it starts out with this to go to ... the Hollywood Steve Hallwood Studios sitting on a on the VCR to begin a twenty billion dollar business for ... the God that was the last ... right so ... you need to be careful what you wish for having allowed to go over to talk about Korean ... culture in the match with them ... yet we all goes well we've done business with them in the past ... but again her ... small potatoes for those of us to talk about a wireless ... well that was in the paper about ... doesn't make it so doesn't make it so ... denial ... these new people she aam ... sees it easy to record all this because and that is not easy to sojourn actually find things you might actually be interested in looking for what seemed to be that showing up ... when no words playing ... that's horrible on DH that's horrible and DirecTV is horrible in the cable box of every use ... Basswood to boot even supposedly this offer is you that he had a partnership with them which has been drop so ... what is it easier to actually find things were looking for bread and soda serendipity and mobile recorded maybe happen ... very well ... searches for all set top boxes and including ours including the Hopper but were unchanged at with data processing Hopper now that to make search ... do the way ... that you wanna do it and check it out ... it's a good filter type of movie naming find it into David Skopje ... we can make that much much better I really needed ... the huge beer whatever designer of years ... because ... you're you're preaching to the converted a while ... yet it's much ... more in ... two years ago it ... was our technologies on a company called moves networks ... in eighteen nineteen in two thousandseven two thousandeight move three and ... the ... ad insertion process re BC dot com and Foxtel Cup ... in the hat addressable advertising with ... two ads for parade not ... six ... and if you have promos they didn't have any Philly Etsy ... aam ... is are you saying that if ABC went to that model which was addressable ... dynamic advertising ... the U turn off the Hopper and let them run that loaded ... broadcasters earlier St ... sigh ... what I what I plan is if you don't like this up he made it our show here CVS and you made ... the stall dollar ... initial twenty answered about twenty five dollars he can make about fifty cents and ... up to make fifty cents ... and I can ... and you're still in a little a little Iran almost twenty minutes of ... commercials and spots right that you're shown for ransom ... he gets to sew image if I can make you if I can make you fifty one cents ... ABC nation aka I can run one commercial ... make the fifty one cents would convince to do and so far the broadcast of the top ranked as one ninety two dollars now or not interested with a one change mom ... I'm just a stupid guy from Tennessee ... actually I hardly think semester ... and I think that the sensor from when you give me fifty one on one of the model with ... in the dollar even more site ... so I think I think that that that that that what you're saying is is ... is a way that it's all going to go which is ... how you make advertising more efficient and much more things ... it's not just that the running and it's different it's we also hope you watch the handling of going back to the head ... but the assets that are going with the the the Hopper is smart ... this smart TV is not small ... but the Hopper is smart and knows when you're watching ... right ... so it knows it knows it can help you interact with the ... right to fuel to a goat or our our long-term wireless platform ... now your your phone is really really small your your your your your phone is like the bronze ... it knows where you are ... it knows ... to be your wallet it knows what you spend money on an issue that Starbucks three times a week ... right now as you go to the airport travel ... flying knows the rand Arsenal's whatever ... suits your smartphone knows that it knows a lot knows where you serve the weather knows what about when you combine ... a smart shopper ... in your in your phone ... right now you can really target customers in a way that the best amenable to a customer ... that is not to be mad about up bright and that he can interact with mass can be very very bad to leave comments but that's beginning which is if someone sees alliances as shown in a senseless to him ... to go back to the point is Intel and amortizing stanza is it's actually good for ... the in party will be true not because he knew the US the consumer doesn't know too smart ... he still to skip it ... blessed to their own devices to stop the government s work through me it least in our model we turned off the fast forward but the load was much smaller and nobody complained about it this was to announce an hour or two after breaking a six ... hour alway answer this ... if we can give consumers better trades on all four of different that's right and how that phrase is gonna be today is the only choice was that so I'm going to a survey a ministry that this ... could push ... everybody else to push the button a couple times gives commercial with would issue push you want ... we've always make it easier ... but that's all we've got the speeders point which is its leverage to come up with a better mom ... that's really what I would use leverage and as a kid I think that I think it ... that obviously got people's attention ... in a way that we couldn't get their attention before ... that's right and so it's got to be got people's attention made maybe ... it is Camille while this litigation ... the ... the first step for every company you don't want to change with it ... if you lose litigation in the Cox ... thus the playbook ... would it cost ... write ... to Congress ... and if you lose those to the new the new venue for government work ... I'm just real stupid why we just are what we started the end ... of the movie ... and save less for her nap ... but I don't think that's gonna happen ... I think I'd I think that that ... people's playbook is polished ... and ... the next Netflix will come up and further and went on to ... will probably be saying is that is the other way right is that some of this blog describes my friends into that knowledge comes up and disrupts a skeptical audience has lost its last fall but had been the go go go Congress served litigate that it is in their area or you can dry spell is an area there ... genius right genius stuff right ... up ... Wall ... ok what it what it ... bled again ... I can hear TV litigate a man of the Congress ... they don't have the right they don't have the right but offer in ten oh my how small they don't have the right but offered to ... to ... her tomorrow ... one last question ... that'll be interesting to see how that ... turns up ... he said he thinks he's actually some money in businesses the cable company satellite company phone company ... someone is going to break ... the distribution ... you know who know ... what time frame ... you will get two years or five years hers is ... twenty years ... well one of the things that happen it'll be one of them ... will be a style icon or cable company or phone company will do it because it just gives me just get a deal that can sell at the distilled from the map and say you know what ... this is so expensive and we're going to break them all ... but more than likely ... take so much guts ... to do that ... by the ticker Abetz ... more than likely ... nobody in the business they would do that ... an old ... just ... die because the prices get too high summit from underneath them ... write whether the Amazon link to a leading contenders would be Google Amazon ... our Netflix ... possibly Apple ... and of those guys ... that Micra soft to do it right those guys to come underneath ... just get a new model and back at least my kids that are to happen ... there ... they have one suspicion Netflix think she did keep that they share the password ... so that's five people watching Netflix and paying ones ... write them that they bought the bottom but I bet ... that the above thirty among whatever is right ... maybe a walk while TD for that ... they didn't ... go to Lulu they want ... very good house to go to YouTube is that if the Broncos are blaming the icing on Sunday afternoon ... so ... that ... you know I might get money did ... you go to everyone and to give a stronger baht to build ... now ... do we want it so you can hear houses phone watch the full ... sch ... the Broncos ... his mum and produce enough revenue to keep the industry ... well I just think it's ... this can be very interesting ... to see how that works ... right then ... again that all I can say is we have a plan for that divine ... right and ... so will be a day when ... well is it this way does not mean mean people pay for TV ... in a multi video TV at about eighty bucks a month right now but a thousand dollars year this time and ... I don't think that number go public in my lifetime and the ... I remembered ... those levels I think this will be more people more households will pay for TV but not at that level ... that didn't get the call ... of love more discussions like this tomorrow ... don't think so much ... the the ...