...A. We still expect to close by early Q3 and the NAV discount, which was about 42% prior to announcement is now closed to about 25% as we had hoped, and we expect it will continue to close. B. Looking at SiriusXM itself, the strong operating and financial performance that it had in 2023 showed the durability of the business, [sub-pay] net adds were up in the second half, as expected, boosted by streaming, the strong margins and free cash flow generation remained largely through cost discipline. C. We do expect self-pay net add improvement throughout the year. D. It was an amazing 2023 at F1, we saw double-digit growth across all revenue streams and adjusted OIBDA up 22%. E. Four REITs promotion renewals, including Silverstone, a 10-year deal with venue upgrades in our important heritage market and a new race in Madrid beginning in 2026, which will be a partial street race with convenient fan access. F. Recently, this week, F1 joined Threads and 2.8 million followers were on board of the...
