Scott Wells: Yes. I mean you have digital playing a role in every element of our business. So if I think about the European business, digital continues to be strong, and it’s a central part of the trading there. In airports, a lot of the inventory that we’re building is digital as these airports modernize and everything like that. And so it’s – those are the two, Europe and Airports are where the proportion of digital revenue has been growing the strongest. I suspect the root of your question is the U.S. digital business. A lot of our investors are very interested in that. And it grew, but not that robustly. And I think it is because it is the kind of late booking part of our portfolio, it can be the most volatile part of our portfolio.
And when we get to a little bit of pauses in demand or where the spot market isn’t as rich as it is usually, you see that down. But I think we continue to be very bullish on doing the digital conversions, but it is something we watch very closely. Does that get to the root of your question?
Richard Choe: Yes. You left it a little open ended just to kind of see where you could give us a little more color on strength and maybe trends just because it is obviously a large part of all your businesses. But just a follow up lastly on the national softness in the overall environment. I guess you’re characterizing it more as a pause and not cancellations. And is that the best way that we should be approaching the rest of the year at this point? Or is it a little bit worse than that or different than that?
Scott Wells: So it’s a really hard question to give you a really hard – really firm answer on exactly is it a pause or is it not? The behavior certainly – if you think about the year, January and February were rough. And then things really got on a very steady state of improvement and actually really strength by the time you’re talking about sort of May. And then June, it just wasn’t as good. When you think about this business, so much of the concern – it’s interesting, the concern on recession has diminished. But when you think about this business going into recession, that’s when you really see the cancellation activity, and that’s why we called it out is we’ve tried to be very transparent about this that we haven’t been seeing cancellation activity and cancellation activity is what usually is the precursor of no real downturns in our business.
And we’re not seeing that, and we have continued to not see that. What we have seen is a lot of campaigns getting planned and then people saying, oh, we’ll launch that in August. We’ll launch that in September. And so we’re in a little bit of that holding pattern right now. And it’s very hard to generalize and know exactly how that takes off. But if you think about our business, we always have the load that we get from the upfront that gives us a sense of where we are kind of year-on-year with pretty good visibility. And then we’re working on trading in the spot market, and that’s where that digital stuff really comes into play. And the spot market in June and into July, it actually got somewhat better as July progressed. Has – that’s what’s behind our guide.
I mean, obviously, we do our guide at the very last minute before we have to do the earnings calls. And so I’d characterize it as it’s behaving the way that we think it’s going to behave, but marketers are an unpredictable bunch, and it’s hard to know exactly how it will all land.
Richard Choe: No, that’s very helpful, thank you.
Operator: Our next question comes from Avi Steiner from JPMorgan. Avi, your line is now open. Please go ahead.
