Thank you, Madam Chair.
Thank you, gentlemen, for joining us today.
Clearly, we are talking about a changing marketplace, and the issue that stands out most is the financial one. As my colleague pointed out, providing regional coverage costs money, and getting that money depends on advertising revenues. We all watch Lisa Laflamme on CTV's nightly newscast, but that program is losing the most money for the network because of the astronomical production costs and dwindling advertising revenue.
Conventional television companies are in financial trouble because of the eroding advertising market, which is moving, more and more, to the Internet. That doesn't fall within your domain, however. We can all sit here and scratch our heads at the elephant in the room. On that point, there was clearly a huge misunderstanding when Netflix and Google representatives testified during the CRTC's recent hearings on the subject, as part of the Let's Talk TV process.
Where do things stand in terms of the numbers, which are essential in order to understand the situation? Our entire industry is based on numbers and market analyses. We don't have those figures; nor are we likely to get them. Where do you stand on that huge problem? We can dance around it, but it's there.