While we are in a bit of an advertising slump, and that's impacted cash flows and performance, looking out over the medium term they have got balanced portfolios and they have been able to reduce debt.
When you look at Viacom and AOL Time Warner, their cash flow being generated by their businesses has enabled them to reduce debt and to focus on their businesses.
Among the U.S. operations like Viacom, AOL Time Warner, Disney, all of them have been making acquisitions. But all of them have been generating very strong cash flow,