Thank you, Mr. Chair.
Good morning. Thank you for being here.
Mr. Murdoch, I understand from your presentation that you don't have any problem with the existing mandate of the SRC and the CBC, even with the budgetary cuts. You even said bravo. But if there were among us cynical people's representatives, they could say that if they could manage with those cuts, there is no problem, they can keep going in the same direction. On the other hand, you also say that the audiovisual landscape has changed, that audiences are fragmented, that new platforms appear and that an increased financing is needed, because of all of that.
You also say that the SRC cannot compete with the private sector but in reality that's what happens. Why? Because of this race for advertising revenues to compensate for the loss of parliamentary votes. So we are back to financing.
From your point of view, is the funding granted to the SRC adequately used?