Mr. Harry Browne:

My view, and it is not an especially well-informed one, would be that the direct impact of ownership in this particular area would be very difficult to identify. In other words, the wider interests of the individuals and companies that owned major media outlets in the State are not necessarily easily made congruent with those of the property industry. We did not have large property developers who owned newspapers. Anglo Irish Bank, to name one randomly selected institution, was not a major shareholder in any of those companies, which is not to contradict the point I made earlier about the basic structural relationship that arises from the advertising that that sector brought to bear in property and also in recruitment. The financial sector was a huge source of funds in recruitment advertising in newspapers, so I think that there again remains that structural question but it is not a direct consequence of the specific ownership of any specific media company.