NEC is very cheap on my metrics, I invest a lot in it last 3...

NEC is very cheap on my metrics, I invest a lot in it last 3 days  intend to get big pay off in a few years
the second coming of the good old paper, paper digital subscription is running at a double digit grow rate
not just here but in the US as well, it  new model and content provider like AFR, the age will benefit from this resurrection.

Masthead will slowly get fade in with time replace with digital subscriptions and once transition is complete they don't need too much advertising revenue as this model has much lower over head and can make money from digital subscribers  

content maker and digital subscriber is the new model and we are on the way there