When you say losses in private-sector revenue, you probably want to talk about advertising revenue.
The choices that we have explained to you are set in a context of increasing revenue and cutting costs. We are working in an environment in which our base funding has not increased for many years. In fact, the amount has not been indexed to inflation.
In the seven years I have held this position, I have never said that we must have more money. We want multi-year, stable, predictable funding. Given that, we want enough money to fulfill our mandate and provide Canadians with services. That is what I have said repeatedly.
All of a sudden, the funding model, which is several years old, no longer works. A few years ago, CBC/Radio-Canada was able to compete regularly for the sporting events that Canadians are interested in and have them as part of our programming. We will no longer be able to do that because of the revenue, the platforms and the places from which Canadians watch those events. The environment has completely changed and we have to accept that fact. That is my message today.