The crisis is on a number of levels, including the erosion of ad share in the local market. We're hearing today that there are other players that would also like to access local ad revenues. There's a crisis in terms of national ad share. There's the crisis in terms of the looming costs of the digital transition in Canadian programming becoming more expensive. The combination of those factors is really what makes the crisis for local television and private broadcasters.
On May 4th, 2009. See this statement in context.