Mr. Chairman, local television remains a vital part of the Canadian broadcasting system. Over the past 10 years, Canwest local stations have spent in excess of $1.6 billion on Canadian content, including news, benefit taxes related to various transactions, and part II fee levies from the government. We're still in this business because we think it's worth fighting for. The arguments against fee-for-carriage simply do not hold up. Given the current state of local television, fee-for-carriage is not just a matter of fairness; it has now become a matter of survival. When it comes to the future of local television, fee-for-carriage may well determine whether local television survives in Canada.
Thank you for your time and interest. We'll be pleased to answer any of your questions.