I think the common elements first are that, basically, we are entering markets or in markets that are deregulating or have recently deregulated, and so they have become competitive, moving from monopoly franchise-type businesses to competitive, market-oriented businesses.
In today's retail environment, competition comes from every conceivable retail format. To succeed, we have to operate more efficiently and compete more effectively against players at all levels of the retail demographic. There is no question that this is a bold and exciting move, and one I believe will have a positive impact on competitive retailing for American consumers in the longer term.
The competition is very stiff. Brian Williams has proved himself as a credible news anchor (at NBC), and Bob Schieffer has done the same (at CBS). But as Peter and Tom (Brokaw) and Dan have always said about the competition, it makes us all better.
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