Thank you very much, Mr. Chair.
I am a bit surprised to hear you say that the television industry is cyclical, and that there are times when it does well and other times, when it does not do so well. You also said that, even though the industry is going through a rough patch now, we should let you carry on as you are so that things can get back to normal.
We are here to study the evolution of the television industry, but everything we are seeing and hearing tells us that the industry is in the process of evolving. And in terms of new media, we are moving towards a different reality. More and more, television is able to do what the Internet can and vice versa. Several indicators suggest that these two important types of media will culminate in a new technology that we cannot even begin to imagine.
While I have the floor, I would also like to ask you whether you are satisfied with the licence renewal offer that the CRTC made you, that is, renewing your licence for just one year.