Mr. Robert Pitt:

I will answer Deputy Ryan's questions first. INM considered the purchase of Newstalk based on an approach to the business from Communicorp. We looked at it. There were different opinions on the value that could be attributed to an asset like that. We came to the conclusion that we could not reach agreement and since then we have closed down the matter and are no longer looking at radio assets in the island of Ireland. I trust that answers the Deputy's question.