Thank you, Mr. Chairman.
You talk about the importance of radio, particularly local radio. But we all agree with you. That's not the question. That isn't the topic, the theme. We don't agree with you because you're seeking an exemption regarding existing rights. You essentially want to increase your profits to the detriment of our creators.
I don't agree either when you say the industry as a whole doesn't have the necessary resources. We're talking about $64 million out of $1.5 billion in revenue. I believe approximately 5% or 6%. You mentioned an unsustainable burden, and I find it hard to believe that it can be considered that way.
As a preliminary question, I'd like to know whether the copy we're talking about has a value.