As I have said, I think that we need to look carefully at the balance between the elements that the hon. Gentleman has mentioned.

The Pension Protection Fund has over £30 billion-worth of assets and can cover these liabilities. On the hon.

For the reasons I have just given, I will not comment on the nature of the transaction itself. The hon.

You will not forgive me, Mr Speaker, if I answer the second part of the question all over again, but in relation to the first part, the h

Yes, we will look at that. We want to consider all possible ways of assisting the more general landscape that my hon. Friend describes.

I think we must be concerned with all similar transactions in this space, because that is important for the reasons that we have given.

My hon.

We can all do our bit to ensure we support our local titles.

My hon. Friend is right: there are further conversations that we can have with the BBC.

We can do more and we seek to find inventive ways of doing more to account for the changing circumstances in which all these newspapers f