In terms of whether there's money in the system, what we looked at are projections for the profitability of local TV. We looked at what we call the “revenue gap”, or in other words, what kind of gap we have in the system for conventional television. We compared that to the money the CRTC was looking at reallocating to local TV. We predict that within four or five years, there won't be enough money.
What the CRTC does, in our view, would be a short-term solution to a bigger problem, which is why I think Mr. Morrison is recommending that you look at things like advertising and tax deductibility, because there isn't going to be enough money in the system to solve the problem.