Mr. Padraig Power:

The importance of broadcast revenue to us cannot be understated. As I said, it accounts for approximately 20% to 25% of our income. The future is challenging and we are here to talk about how the media landscape might look. We need to ensure we maintain those revenue streams. At the end of the day, it is about putting this money back into the game. What we are considering is the way the younger generation is now consuming media, particularly sport. There is a big change from watching for 80 minutes. They are doing it on multiscreens across a myriad of different platforms. We want to be part of the conversation and we are trying to keep that.