The question is how that is going to square with NBC's bottom-line appeal to advertisers: that it deserves premium prices for commercials because NBC is where the "quality shows" are.
It's all there, and that deserves a premium".
"Chinese companies deserve a premium, a multiple over Western companies," he said.
While industry valuations are in line with the market — CF Industries trades at 14 times estimated earnings, for example — they deserve a premium.
"This is a one-of-a-kind, very profitable, global large-capitalization growth stock, like G.E. or Wal-Mart that deserves a premium valuation," he said.
He added that Comedy Central is trying to use the Harris research to persuade advertisers that its late-night shows deserve a premium price.
Now that AOL is giving up on the idea that its offerings deserve a premium price, it hopes that it can offer AOL's e-mail and content with cable and phone company services.
Next's valuation is in line with the UK general retail sector but we think it deserves a premium owing to high online exposure (around 50% of profit) and high earnings visibility.
"We think the space is private, some would say 'neutral.' The passenger deserves a premium ride and shouldn't get anything in that taxicab that they didn't bargain for before getting in".
