the f.t. is a 300 million pond journalism business in a five billion pound and it was siness going to be increasingly an icult not so much from investment. i think investment we could have ealt with but to bring the focus, clarity, additional insight and expertise and scale required by ly is that focus on being the very in journalism it can be. francine: what you seem to be saying it is very difficult to money in this business because of social media so it is becoming harder? the f.t. does make money money. last year profits were around 24 on sales of just over 300 million pounds and i very much believe that the f.t. a sustainable and profitable futu future. it the best way of ensuring can phbgs mice that is -- aximize that is by being part of a company that is focused on any alism and that is what k knee kay brings. it is a brit thing to be in. has thecial purpose and benefit to be a profitable business. been in the business of global likewise. really important to the future of the world and

. >> complicating all of that was the f.t., which put out a report saying there was no change and had to issue a correction and an apology. they wrote two different stories and pressed the go button on the wrong one. that burned some traders. >> talk about robo, high frequency moronic materialism. do we do that? i remember once when i covered the harvard/yale game. i wanted to get people on the back of the bridge, which was harvard beats yale and yale beats harvard and i had to have a third one, because harvard had once tied yale 29-29. oh, i'm pushing this button right now. oh, i meant that button. >> did you have to write that long hand or did they have type writers? >> i had won the typing speed trophy, 140 words per minute. now, i can't see and you guys see the font that i use. you know i'm legally blind. >> you still do move those fingers pretty quickly. this is a historic moment because of what david is saying. we have seen all of 2015 at the wrong side. thursday morning, we all knew it was going to be big and it wasn't as big as we hoped. that means i'm hitting this button, not