 Nicolas Barré, welcome. You're the managing editor of Les Ecco, which is the foremost French financial newspaper. The obvious question is what is the future of the press, the printed press? How is Les Ecco doing? What do you see are the challenges for the print medium? There are lots of challenges, of course, but we will have our seventh consecutive year of growth for Les Ecco. In our case, we are very confident for several reasons, but the main one is that we've been able to move on digital very early. Our newsroom is, we have a single newsroom. We've always had a single newsroom and people work first for the digital and then for the print. And we've been able to sell our content on digital at the same price as the print. I know this is an exception. There are other exceptions as well in the rest of the world, and mainly it's the business press, the Wall Street Journal, the Financial Times, the Economists. The Economists have been extremely successful in these times of difficulty for the rest of the press because they've moved quickly on digital and we did that as well. And also, surely they're providing something which the tabloid press, for example, the popular press doesn't really provide. It's an information for a specialist and specialized audience. Yes, that's the other key point. And we have been able to capitalize on the quality of our content. And for that reason, we have a double-digit growth in terms of subscription. Last year it was plus 30%. It's going to be around 20% this year. And the number of digital subscribers is now bigger than the number of print subscribers. So this shift has been massive and it is true that many other newspapers have been reluctant to move that quickly because they always had this idea that the print was a source of advertising revenue much higher than digital, which is true. But in our sense, the share of advertising in the total revenue of the newspaper will continue to decrease to the profit of people who actually subscribe for our content. Very much the same with the economists. Have you had a Trump effect? If you think of the New York Times and the Washington Post, they've both seen subscriptions rise quite dramatically because of Trump. No, of course. To be honest, the growth of digital subscriptions isn't related to a Trump effect or not. But what is true is that this fake news environment is favorable for quality newspapers in a way because people know that they can trust our content. And when you hear that there are lots of false stories going on, then probably part of the public, at least, will go back to big, reliable brands. Well, I'm a great Mario Vaseco and I wish you great success in the future. Thank you very much, Nicola Barri. You're welcome.