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To: Oeconomicus who wrote (5461)	1/1/1998 3:59:00 PM
From: Rational	Respond to of 27307

Bob: This Yahoo! PR is dramatically opposite the risks they list in their Nov SEC filing, which I do not think many buyers have read or are willing to read. Sankar

To: Oeconomicus who wrote (5461)	1/1/1998 9:14:00 PM
From: fut_trade	Respond to of 27307

<<you forget that in the battle for advertising dollars, programming determines who wins.>> Regarding the internet, that's not true now, nor will it necessarily be true in the future. <<That programming costs ever increasing amounts of money. NBC offered Sienfeld $5mm per episode (and he's still quitting). As advertising revenue on the Web rises, bigger players with more money to control the programming will get the biggest pieces.>> Not necessarily. <<Bluring the distinctions between media will just make it tougher and more expensive to compete.>> Perhaps we are thinking along different lines. Can you imagine opening up a new window on your PC and watching an online movie etc, etc. Perhaps the networks will struggle to survive in the future? Peter