Thank you.
Each presentation raises numerous questions that I think require follow-up, but we are limited to five minutes.
I'd like to begin with the advertisers, and get a sense from you. When we're looking at issues of major media consolidation—the CHUM merger is definitely gathering a lot of attention, but also in radio we've seen major consolidation in markets to one or two players, and often to one in some regions—the question involves the cultural argument on the loss of diversity of voice for independent producers, the loss of various potential buyers of their product. What pressure does it put on advertising?