Over the next three days, Deutsche Banc Alex. Brown will try to figure that out. To get a sense of the major themes of the conference, we talked with Dyan Triffo, a Deutsche Banc managing director who is head of West Coast media banking. She talked about the shifting relationship between content and distribution, the experience of major media companies on the Internet and other issues. We were very much focused on trying to highlight a couple of key themes that are really going across a lot of the different media areas.
Deregulation is a big one.
We also have been very focused as a group on this whole issue of content and distribution, and whether the two businesses will be separate or will continue on sort of a merging trend as they have been lately. The conference is really an investor-focused conference. And what we're trying to do is follow the themes of investors. And I think it's pretty clear right now in the market, with the shakeout going on in the growth sector, that people realize that the traditional players are starting to have some sway and might dictate the future of that. Everybody's sort of going back to basics and looking at the sectors that have seemed a little safer or that have a little bit longer history to them.