It was disappointing that Australian EBIT was down.

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.

Anything becomes possible if you've got a big enough check. It's hard to predict who might take over who and why.

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.

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 Internet is starting to change the media landscape, making what previously looked like straight-forward acquisitions much more difficult.