1) Continued revenue decline with Meltwater grabbing more market share
2) Tribunal not ruling in ISD favor on copyright costs which continues to rise
3) Debt level remaining high for time being forcing no dividends for shareholders until reduced to a more manageable level
Out of the 3 above I see risk one being the most concerning. The other appear to be on track but if one is not maintained, it would add a great deal of pressure on 2 and 3.