Erratum - The many lives of AGN: cooling flows, black holes and the luminosities and colours of galaxies

In Figure 6 we inadvertently labeled the proxy circular velocity as the virial velocity of the dark matter halo instead of what is actually plotted, the maximum circular velocity of the dark matter halo. The maximum halo circular velocity is a much better estimate of the disk V_c than is V_vir. This confusion influenced the discussion of the Tully-Fisher relation in our paper. In fact, Figure 6 demonstrates that it is possible to simultaneously reproduce both the local Tully-Fisher relation and luminosity function using semi-analytic techniques applied to the standard LCDM cosmology, thus contradicting previous studies of this issue and our own discussion in Section 3.6.