I think he sees the network as an underdeveloped asset that is poised to be souped up and made more relevant and competitive.
As part of the speculation about his love life, a rumor had gone around that Hoover had an underdeveloped sex organ.
Since her lower jaw is underdeveloped and her teeth never grew in, her little tongue is permanently sticking out.
underdeveloped un·der·de·vel·oped (ŭn'dər-dĭ-věl'əpt)
Not adequately or normally developed; immature.