Peter Appert (Goldman Sachs): Should we expect that the out quarter share repurchase activity will be similar to what you did in the first quarter?

Gracia C. Martore: One quarter’s activity does not necessarily mean that is what the remaining quarters will look like. We will just look at it each quarter and it depends on what else is on the plate in a particular quarter, whether there are other investment or acquisition opportunities or, for instance, there is some debt that we are going to be repaying.

John Janedis (Wachovia): Are you still expecting double-digit increases for the Olympics this year or is it too soon to know?]}

Craig A. Dubow: It is still a little early for what we are doing on the spot side and certainly on the local side. The team is working very hard on it and the key advantage that we are doing to see is because of what NBC has done with Primetime and those key events.

Analyst for Alexia Quadrani (Bear, Stearns & Co.): Can you talk about the slowdown in digital advertising growth?

Gracia C. Martore: A substantial portion actually is related to classified weakness. When we look and dissect the numbers, obviously on the classified side, particularly in employment, there are just fewer print ads that are available to be up-sold.

On the classified side, we are under pressure but when we look at other categories like retail, those numbers were up very nice double-digit increases in retail and in national and in other in the U.S. community publishing side, the U.S. side.

Thomas Russo (Gardner Russo & Gardner): Can you talk a bit about Captivate and what’s going on there, how you are continuing to sell that inventory, and what links you might have with other activities in the outdoor advertising section?

Craig A. Dubow: Captivate at this point is pacing nicely. We did see some slowdown going through in the first quarter. With the out-of-home area, we are still very enthusiastic. We continue the expansion that we have had from an elevator perspective and as we go forward, we are going to see we hope even more opportunity through what we are calling the One Gannett sales efforts.

Thomas Russo (Gardner Russo & Gardner): Do you have overlapping customers or is the audience for Captivate a more national sort of brand marketing versus what you typically call on?

Craig A. Dubow: The key element here is we will have the ability from a national perspective, we will have a regional perspective, and a local perspective and any combination thereof.

We are very excited about the initial efforts and certainly with the pressure on the advertisers and everyone else at this point in time, this concept seems to make an awful lot of sense and we are going to push it forward very rapidly.

Thomas Russo (Gardner Russo & Gardner): How do you deal with this C3 measurement issue that’s creeping up as you are trying to track the DVR follow-through to viewership?

Craig A. Dubow: We are moving forward on each front as the different technologies come forward but thus far the impact from that perspective has been negligible. We are working in the LPM markets, which continue to be rolled out.