The problem for conventional television is shared, as you've heard by others, with others. The sector has been in decline for some time. There are too many licences chasing too few ad dollars. It's the migration of viewers to specialty channels and to the Internet. This has nothing to do with our capital structure. You see what's happening at CBC. You've heard from CTV. It's backed by some of the wealthiest business units in Canada. Rogers wrote down half the value of their Citytv purchase after 18 months. It's pretty obvious that this is a sector problem, not a Canwest problem.
On April 22nd, 2009. See this statement in context.