CNN 2001

Joe:

Thanks again for coming to Houston this week.

CNN has a compelling brand and we believe that a number of the components of
your proposal are worth exploring further.

However, we are not interested in pursuing discussions of the exclusive
sponsorship.

I want to stress, though, that many of the elements of the package you and
David presented are of interest and we would like to continue discussions
with you.

Please get in touch with us to discuss how we proceed from here.

Thanks again.