So what are we dealing with here? We've got RNZ and TVNZ. TVNZ seems to be doing pretty well. They're turning a profit: 15 million bucks in 2022—in fact, after achieving a record result the year before. Radio New Zealand, not so much. This one seems to be hanging out—50 million bucks in a hole. So why wouldn't we just let TVNZ keep getting on with the job? They've been doing OK, and I think that if we start getting to why Labour is so excited to merge them, it's because they love to see successful and the profitable kneecapped with financial burdens. Merging RNZ and TVNZ is like trying to put an anvil on an athlete.