Mr. Colm O'Reilly:

There are models that we can follow in Europe and across the world. On Deputy Cannon's point, I was fortunate to visit The Washington Postrecently.

The single biggest issue is scale. All the national newspaper publishers in Ireland - the Business Post, Independent News and Media, INM, and the Irish Times Trust - are all innovating constantly. We are constantly investing in technology. As Mr. Crowley rightly said, digital first is exactly how we have to think about things. However, the single biggest problem we have is that we are fighting global giants which have unlimited resources. That is the area where we are struggling. We are constantly trying to be first to the marketplace with things. We live in a small economy with a small number of people, yet we are up against unlimited resources. That is probably the single biggest challenge we face. Ultimately, the greatest benefits on a national basis would be achieved by reforming the Defamation Act and using the VAT system to make our businesses more sustainable.