With ad revenue down a steady (and not worsening) 8 percent to 9 percent in each month of the quarter, we may have seen the floor.

There were things Gannett wanted to do and things Knight Ridder wanted to do, ... We decided if we could develop an exit strategy that would leave us whole, it would be a positive thing for both parties.

This is a difficult time in so many ways, but in no way greater than having to disrupt the lives and trust of Knight Ridder people with whom we have worked so closely. But I do feel we have no choice.

Any deviation from that 15 percent for the quarter is expected to be lower, not higher.

But that's not where the revenue comes from,

Traditionally our slowest month, August saw a material increase of 61.9 percent in new software license revenue compared to August of fiscal year 2005.