You are right. Some aspects of the drop in our advertising revenues were expected. Moreover, we have approached the CRTC several times since November 2006 and we have submitted several briefs to them since that time, and we have been constantly reiterating that the model is broken and that the earnings that came from a single source of funding for television, namely advertising revenue, were not going to allow private and public broadcasters to make it through the years ahead. In such an environment, we talked about the fragmented audience, about new platforms, and we attempted as best we could to become part of these strategies. For example, at CBC/Radio-Canada—and when I gave the example of the federal election, I mentioned how we covered it—we added services and we tried to ensure our presence using as many different kinds of media as possible. Of course, Mr. Rodriguez, the economic crisis exacerbated the situation but we never expected to face a crisis of such proportions.
On April 27th, 2009. See this statement in context.