In fact, 95% of our programs come from those large networks, either TVA, Radio-Canada or V. Of course, if we only produced local news, we would only be on the air 25 hours a week and our station would likely be forgotten among all of the visual choices presented in each of the regions. So, in order to have good ratings, to have a big audience, it is important to be affiliated with networks, as are local conventional television stations everywhere in Canada.
We have a very good business relationship with the two private networks, V and TVA. However, we have had a little more trouble over the past few months with Radio-Canada. We have in fact just renewed our affiliation contract, which covers the next five years as of September 1. I must tell you that Radio-Canada has cut, almost entirely, our selective network and national advertising revenues for the duration of the contract. This represents a considerable loss. To give you an idea, the new funds we will receive from the CRTC to help produce local news at CKRT will offset the losses caused by this decision on the part of Radio-Canada. It was really with great reluctance that we accepted this new affiliation contract. We had no choice and were obliged to accept the new contract.