OneRoof Limited

Yeah, I mean, well, let's just step back a couple of things.

So one of the things that Grendan was talking about was underlying financial performance of publishing and the value and, I guess, strategic optionality for OneRoof.

When you look at this result for NZME, so we've talked about, you know, subscribers are up, but revenue hasn't matched the subscriber number, but total digital advertising is down 4%.

And when you look at One Roof, there's a revenue decline of 2%, which has largely been driven out of the print business.

I suspect what's happened is there's a reality of just how hard this is.

This ain't easy.

And the strategic question, I would say, around OneRoof continues to move as TradeMe also continues to evolve as a business.

So trying to land exactly what is the right path for OneRoof.