First, Mr. Nantel, be assured of one thing. When the minister calls, Bell, as a responsible player in whatever area we operate, will answer the call for comments on digital issues and Canadian content, whatever the platform.
Second, as regards our relationship with investors, a responsible company like Bell must be as clear as possible about the possible risks. Today, we could talk with certainty about everything innovation-related that has gone on in the past three years. However, we are not able to talk with certainty about what will be going on in three months.
Moreover, as a public company, Bell has a responsibility to criticize various regulatory decisions that may be made when it is talking to its investors, to talk about Canadians' different ways of life and about what our advertisers prefer, without knowing exactly whether another part of the company will be able to gain access to that market.
However, even if another part can gain access, how do we analyze its profitability? It does not mean that the dollars coming out of broadcasting or from advertisers—advertising revenue, for example—are automatically going to be made up elsewhere and with the same profit margin. That is why the company has the responsibility of explaining the risks once a year. It is a legal obligation, but it is also the way in which the system is built. Investors must be allowed to make their purchases at the right time.
This is all to say that, if a government, whether provincial or federal, asks those involved in the system fo their opinion, Bell will be there and will continue to be there. The solutions we offer are not always adopted, far from it. For example, your colleague asked what we said last January. Some of the solutions we proposed were adopted, but others—