15. A non-transitory computer-readable storage medium, comprising computer instructions which, responsive to being executed by a processor, cause the processor to perform operations comprising: receiving, during an active telephone call between a first party and a second party, a textual interpretation of an audio signal associated with the active telephone call that is generated by equipment of the second party, wherein the textual interpretation of the audio signal is received from an application server; rendering a graphical image of the textual interpretation of the audio signal that is generated during the active telephone call by the equipment of the second party; accessing a user preference associated with a feature of the graphical image of the textual interpretation of the audio signal; presenting, at a television display, media content that is received from a content source; and presenting to a display device associated with a caller identification the first party, the graphical image of the textual interpretation of the audio signal that is associated with the active telephone call by the equipment of the second party while the active telephone call is occurring, wherein the graphical image of the textual interpretation of the audio signal is presented as an overlay of the media content that is being presented, and wherein the graphical image is presented according to the user preference.
15. A non-transitory computer-readable storage medium, comprising computer instructions which, responsive to being executed by a processor, cause the processor to perform operations comprising: receiving, during an active telephone call between a first party and a second party, a textual interpretation of an audio signal associated with the active telephone call that is generated by equipment of the second party, wherein the textual interpretation of the audio signal is received from an application server; rendering a graphical image of the textual interpretation of the audio signal that is generated during the active telephone call by the equipment of the second party; accessing a user preference associated with a feature of the graphical image of the textual interpretation of the audio signal; presenting, at a television display, media content that is received from a content source; and presenting to a display device associated with a caller identification the first party, the graphical image of the textual interpretation of the audio signal that is associated with the active telephone call by the equipment of the second party while the active telephone call is occurring, wherein the graphical image of the textual interpretation of the audio signal is presented as an overlay of the media content that is being presented, and wherein the graphical image is presented according to the user preference. 17. The non-transitory computer-readable storage medium of claim 15 , wherein rendering a graphical image of the textual interpretation of the audio signal generated during the active telephone call comprises rendering a graphical image in combination with other video content for presentation as an overlay for display with the other video content.