Ann: CEO's AGM Presentation, page-9

Agree re: Media.

Nice analysis by you re: comparing Subscription revenue to 2nd half last year. it in fact looks pretty positive in that light. They made the point previously that when there is an uptick in Subscription revenue it actually hurts the bottom line initially because costs are paid up front apparently....

They should make more of this!

But yes, they need to tell us more about Crowd Media's progress on a revenue front. Worst case they can just shut it down. The other 2 business seem to have much better prospects than i expected to be honest - i had factored in minor growth in Q&A and flat to falling Subscription on 2nd half last year.