In speaking with Frank in the past Cubby, any buyback will be earnings enabled. So, though you're question is logical, it must be that they figure that every dollar they can muster right now is best used for launching, advertising, show production, etc.
If they can get that right, then the very considerable earnings that they stand to make will make all things possible. Large companies buy back shares in the dollar range all the time as you know.
For example, if Frank is talking to and lining up advertisers right now, perhaps he sees a gargantuan revenue stream from that source alone.
It could happen you know. If your competitor is advertising on gay tv and you're not, do you want to risk having your company perceived as anti gay? Might the price of advertising actually be bid up over Frank's asking price?
Very soon there will be only one company run by gays for gays broadcasting 24/7 in the U.S. That's a pretty small doorway for dozens of large companies to try and squeeze through at the same time as they chase that 550 B of disposable income of gays.
Ron
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