The internet, said the man at the front of the room, affects revenue streams. How do we rise to the digital challenge? People want interaction. People’s opinion counts. All news is old news. We know what the score is. Yes. It’s about market to market valuations and the rise of the dollar against sterling. We have misjudged assets to the cost of £24 million in a year through bad trading on currencies. I’m sorry. We’re all sorry. For the readers of our beloved newspaper too. There is no one wants to say this less than me: let the redundancies commence!