Thank you very much, Mr. Chairman.
Ladies and gentlemen, good afternoon and welcome.
The people who represent small independent broadcasters, and whom we will be hearing from after you, are telling us that they are going through very difficult times, in particular because of vertical integration and also because of CRTC policies. They find the current regulatory and legislative environment to be a difficult one, as far as they are concerned.
Do you think they are wrong about that?