It's viewed as an early cyclical group. That's typically my signal that we're getting close to an economic bottom, and I can buy the group fairly soon in hopes that I get the operating leverage on the way back up in the cycle. But I think a couple of things that haven't come up here is that newspapers do have two revenue streams. And what we've seen a number of companies do is try to raise their circulation prices in hopes of finding alternative revenue sources to cover the cost right now and to cover the shortfall in advertising. I think, again, one of the issues you face and thinking of what David just said about a different constituency, which are readers, readers have been unwilling to pay higher prices for newspapers, and therein lies the big issue.
Readers do want quality, but they're unwilling to pay for it.
But Wall Street isn't really that evil. Companies don't have to be public, and the newspaper industry in particular is an industry that generates a lot of free cash flow. And most of these companies don't need to be public, unless they plan on making acquisitions. And so I think companies need to reassess, if they're not prepared to do what it takes from a weak economy, they should reconsider whether they want to be public or not. Jim Naughton, listening to this, it's obvious newspapers live in a different world today.