It's just a normal business decision they've taken. And it's not entirely surprising given the level of international competition [for the bid].
It was disappointing that Australian EBIT was down.
Australia needs a level playing field in terms of investment and innovation ... so that broadband penetration and digital penetration generally can catch up with the rest of the world.
The conundrum I'm trying to solve is whether paying $750 million to defend $170 million in classified revenue is actually a good deal or not.
That reflects the soft New South Wales market, but the result could have looked a lot worse if not for New Zealand.
Anything becomes possible if you've got a big enough check. It's hard to predict who might take over who and why.
The Internet is starting to change the media landscape, making what previously looked like straight-forward acquisitions much more difficult.
It looks like a big price to pay for something that is defending their own revenue.
They paid a big price. It has a sniff of a panic buy. New Zealand is a small market and I can't see what they can do to grow the business.
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