This is just a case of he has $$ invested in companies so he can't tell the truth.
However, I believe video is going to be one of the next big things on the internet. A suspect we will see "tv channel" like websites offering downloads for a variaty of shows on that channel. The only question is how they will find a way to make money off it.
But anyhow being internet based will allow for them to have a huge selection of shows for people to download and watch. Older episodes and cancel'd shows can be made available for download whenever a user pleases instead of based off a network tv schedule.
The only problem with this is if something really takes off the internet will end up being flooded with horrible amatuer shows comparable to what most of the podcasts are today.