The really important question, I think, is why on earth is it going to cost $327 million to merge two entities that actually in and of themselves aren't changing materially in the near future, or at least there's no indication from any of the documents that the Government has released—$327 million. That is more—in fact, considerably more, I think—than the total gross revenue of TVNZ for a whole year, and that's what they're telling us they are going to spend to put two mature organisations together. 