Or dear. How much will you pay me for a CD full of GPL'd binaries
   (and no source code at all) which I'm going to distribute to you
   under contractual agreement imposing forbearance from exercising
   the rights granted to you under the GPL by the copyright owners?

You are free to distribute a CD or any other media containing GPLed
software.  The GPL explicitly allows this.  But you have to do one of
the following if you do so, from section 3 of the GNU GPL version 2:

| a. Accompany it with the complete corresponding machine-readable
|    source code, which must be distributed under the terms of
|    Sections 1 and 2 above on a medium customarily used for
|    software interchange; or,

| b. Accompany it with a written offer, valid for at least three
|    years, to give any third party, for a charge no more than your
|    cost of physically performing source distribution, a complete
|    machine-readable copy of the corresponding source code, to be
|    distributed under the terms of Sections 1 and 2 above on a
|    medium customarily used for software interchange; or,

| c. Accompany it with the information you received as to the offer
|    to distribute corresponding source code.  (This alternative is
|    allowed only for noncommercial distribution and only if you
|    received the program in object code or executable form with
|    such an offer, in accord with Subsection b above.)


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