We believe that this step makes us different from our rivals in the British media industry. Or rather, even more different. For The Daily Telegraph and its owner, Telegraph Media Group, are significantly unlike other media organisations involved in this debate. Unlike the BBC, we receive no support from taxpayers. Unlike the Guardian, we are not cushioned from commercial reality by a generously-endowed charitable trust. Unlike the Times, we receive no subsidy from tabloid stablemates. Unlike all three of those, we must generate a profit in order to remain in business and provide our readers with the world-class journalism they expect and deserve. Despite the ever-growing pressures on the media industry, we do produce that profit and, as a direct result, that journalism.