Wayne D. Thorsen

“And just to add to that, importantly, we do see the path to value creation being partnership focused as well as evaluating things internally, which we've said in the past, and our position there remains consistent.”

“And on the partnership side, I think the key work that we've been doing to do things such as fixing our identity stack are key in order to do more effective distribution partnerships such as hard bundles.”

“Just to level set, our spectrum holdings total about 35 megahertz right now of contiguous spectrum with 25 megahertz being used for our core broadcast operations and 10 megahertz of the recently acquired spectrum that are positioned either side of the 25 megahertz, and those are the WCS licenses.”

“As Jennifer said, I mean, this priced Play, which we just launched about 2 weeks ago is in the U.S. and Canada. It's priced below our lowest music-only offering, which you're noting.”

“And as you can tell, we are really excited about this addition to our business. Our plan is to roll this out in the coming months, but in a very targeted way, while at the same time testing a few different prices and packages.”