Correct. The ‘commercial-free’ statement is very important. It is at the root of this deal. Traditional radio has built a model on advertising that if undone will cause the industry to collapse, radio and advertising agencies. We heard these arguments from traditional media back when cable-tv was beginning. How many people do you know that does not have sat-tv or cable-tv. The NAB is attempting to kill Sat radio in the same manner.
We also heard these same arguments from broadcast TV back when satellite TV was cranking up.