This document should be read in conjunction with the earlier Atkins reports on the strategic alternatives.

The company has been reviewing strategic alternatives in an effort to increase the value of Hughes stock to its shareholders.

In a statement released after the stock market closed, Univision said its board had "decided to begin a process to explore strategic alternatives."

"For us and the other major securities firms, it clearly opens a range of strategic alternatives."

A special committee is exploring strategic alternatives with different sets of bankers and lawyers.

A. We're running a standard process - strategic alternatives is the euphemism for that.

Tribune said in September that it would explore its strategic alternatives and come up with a plan by the end of the year.

In politics, Dr. King endorsed a strategic alternative to violence.

Goldman Sachs was hired to help "consider strategic alternatives."

It provides a more objective and unemotional approach to strategic alternatives.