Thank you, Mr. Chairman.
Good morning, madam, gentlemen.
Some aspects of the business of certain copyright-related industries are still a bit foreign to me. A little earlier, there was vigorous talk about the $21 million. If $64 million represents roughly 4.8%, $21 million represents more or less 1.65%. That's not necessarily a fortune, when you compare it to $1.5 billion.
One thing intrigues me. The durability of a radio station, among other things, is related to what's offered to the community served by that station. We know that the regional aspect is often important. In your industry, what percentage of the industry's overall budget can internal production represent?