We are absolutely delighted that Gannett has an executive with Sue's experience, management talents and leadership qualities ready to serve as president of our largest division. Sue has tremendous experience in every aspect of the newspaper business. She not only is a talented manager of very complex and far-flung operations, but she is a gifted strategist and visionary. Sue is an ideal executive to help lead Gannett into our new digital information age.

Gary Watson was a success throughout his career in whatever role he served Gannett, from entry level reporter to publisher to president of our Newspaper Division. First and foremost, Gary has always had the heart of a journalist. He has been a strong leader, not only at Gannett, but also within the nation's newspaper industry. He was in large part responsible for many of the leading-edge strategic and tactical initiatives at Gannett during his time with us. Gary will be missed. We wish him all the best.

Shareholders have made clear they like this change, and we are glad to oblige. By amending its bylaws, Gannett is again demonstrating our strong belief in good corporate governance.

The absence of these events combined with softer ad demand in the auto category unfavorably impacted our broadcasting segment results.

In our newspaper segment we reported advertising gains at our U.S. community newspapers, particularly in classified employment and real estate while auto remained soft.

Two daily newspapers, competing editorially in the city of Detroit. That's the bottom line of today's transactions. Detroit is the winner here, and Gannett is proud we were able to make this happen,