In public policy terms, a fundamental issue will arise in the next 10 or 20 years, both for us and for you. That is the funding of aspects of television that represent a market failure, that is to say those that the market will not be able to support.
I'm going to take the example of Quebec because it's a smaller market and it enables us to see today what will happen in Canada as a whole in five or 10 years. General interest television networks are currently the ones generating the major dramas, called the high-cost series, and which have regional stations and news services. They are all losing revenue. Their revenues are melting away, whereas those of the specialty channels are increasing. If no one acts, the regional stations, news services and major dramas will decline.
The news about TQS merely confirms this. We predicted it a long time ago. The general interest television networks are the ones that create the news, the regional news more particularly, and the dramas. If funding sources aren't rebalanced now, our entire system could be weakened in the long term.
In fact, public and private services are facing the same problem, that is to say declining revenue. That's affecting us as well. In Quebec, we're headed toward a decline, even the disappearance of high-cost series, a reduction in news services and problems at regional stations. It's really a major problem for the television industry.