Mr. Michael Doorly:

No, I do not. I believe the Irish Independentwas financially sustainable, that circulation sales and readership were pretty rock solid and that advertising revenues were volatile, in that they will rise and fall in line with the economy. This was a period where revenues rose and the company did well. It was transient. We are now in a different environment, but that is the business. It rises and falls in terms of advertising revenues in line with the economy. It was no more than in line with the economy. As it has decreased or contracted, our advertising revenues have also decreased and contracted. It was no more than a normal cycle of events with rising and falling economic cycles.