Is this serious? It's damn serious.
It's the equivalent of a Disney Channel of broadband interactive content. It's become a good business for Disney. Our goal is to be as ubiquitous as the Disney Channel.
A large portion of the declines in ads in November and December are seasonal declines as businesses cut back recruitment ads during the holiday season.
This was a combination of both bad weather and the timing of when Easter fell, so it made the earlier period look better and this period look worse, ... When you wash [these effects] out, you essentially get the signal that consumption is not going like gangbusters, but at least it's reasonably strong.
The labor market may finally be hitting bottom. While layoffs remain large, they are no longer intensifying. Job advertising volume has stopped declining, although it remains at very low levels.
Productivity is the wild card. It's the one thing that has kept the tension between prices and wages on a low simmer.