Can I just reiterate how jealous I am of Europe's National Geographic feed?
Not only is it H.264, it's also 1080i at the same bitrate as the American one! This would be as if the American NatGeo was broadcasting 1080i MPEG-2 @ 20 Mbps.
And look how unobtrusive the logo is:

Compare that with the American one which has to beat us over the head with bright yellow logo, text to make sure we're all aware of what that conspicuous vertical yellow rectangle could stand for, and bonus spam text pimping drugs:

I am convinced that Murdoch despises America. Between this and creating a "news" network designed to delude the majority of the population into voting against their self-interests, this guy really has it out for America.