Thank you very much.
Mr. Péladeau, thank you very much to you and your colleagues for appearing today. We do appreciate your taking the time to come. And frankly, you had a lot to say, and I appreciate that.
During the time you spoke, you spent virtually all of it talking about the CRTC's reluctance to change and certainly that it seems to be holding you up from a regulatory standpoint and that you could be doing better. In fact, I would argue that your comments were indicating you could be much more profitable, with more Canadian content, and putting that out on more mediums, and so forth than what you're doing right now, if the CRTC wasn't in your way.
So if I am to understand you, the CRTC is actually directly impacting the profitability of broadcasters through its regulations. Is that a fair statement?