Is Trinity Mirror going to buy Express Newspapers?
Simon Fox, the chief executive of Trinity Mirror, won't comment directly, but says "consolidation is part of our strategy".
Make what you will of that.
In January, Trinity Mirror confirmed it was in early talks to buy a stake in the Express.
Commenting on the latest results, Mr Fox said that digital advertising now accounts for 25% of advertising income, compared with 7% in 2012.