RE:restructuring versus future cost savingsAs you know print is in decline. You also have to measure how much print business they lost in that period so that you have a complete picture of what happened to the savings. Regarding Adjusted EBITDA, keep in mind that the reports presented are also geared to lenders, analysts and others trying to assess valuation. Ultimately, what management is focused on is to replace the print business with marketing services, such that the revenue stabilizes and cost savings directly improve the bottom line.