Ms Maeve Donovan:

I will not discuss at this stage the figures of the business that we acquired. That certainly is confidential to The Irish Times. What I would say is that it was a very profitable business at the time and we took the view that it was a very long-term acquisition for us because of the pace of migration to digital. It was our expectation that the primary source of revenue in the long run, not just in that area but potentially others as well, would be digital rather than print and that was the threat we were trying to mitigate.