Yeah, I think this is the move that the hedge fund guy had in mind: spin-off everything that AT&T has acquired from DTV forward, along with some old stuff that no one much wants any more, like their old POTS landlines. But if I were a big AT&T shareholder, I would NOT want them turning around and undoing the Time Warner merger before it's even been given a chance to get fully integrated. That's crazy. Perhaps AT&T leadership has made some uncertain moves so far but it's WAY too early to say that it's a bad idea or will be a failure. And as you say, doing a 180 right now from merger to decoupling would just cause more chaos and upheaval. Maybe I'm foolishly optimistic but I feel like AT&T has been methodically putting chess pieces in place last year and this to have a strong game lined up for 2020. We'll see. Yeah, but you have a really big, diverse base for cross-promoting your products. There's certainly a case to made for saying that content/advertising on the one hand, and the pipes they flow through on the other, are better together than separate. Yes, they'll offer modest bundling discounts but some profit on a particular product is better than none, which is what they'd make if they never sold that product to a given customer in the first place. And data shows that the more product lines a customer takes, the stickier he is. Lowering churn is a big deal as we trend away from contracts and towards tech platforms that make it so easy to switch service providers.