Even though the focus appears to be on the problems in the regions, you have to understand that generally speaking, all general interest television networks are experiencing problems. If things aren't going well for general interest television in Montreal, Quebec City, Toronto or Vancouver, you can be sure that things aren't looking too good either in the regions. However, this problem is not unique to the regions. General interest television is facing structural problems. What exactly does that mean? It means that our costs are increasing and that are revenues are decreasing through fragmentation. There are many different ways for advertisers to sell their products. So then, revenues are declining, costs are increasing and earnings across the country, even in major urban centres, are declining. The same trends are emerging everywhere, whether it be for national or local advertising revenues.
On April 20th, 2009. See this statement in context.