Again, they've been trying to create a lot of confusion regarding what this public money is all about. How can you really compare a parliamentary credit of $1.1 billion with any other kind of public money that private companies would receive or be entitled to? There is no such thing as taking the money from somewhere; they've been trying to confuse what parliamentary credit is all about—subsidy and tax credits.
Yes, it's true that TVA, our broadcasting operation, indirectly received tax credits that had been awarded to private producers. This is how the system works in Canada. In fact when you're looking at what this tax credit is all about, you will find that the amount of money independent producers receive to broadcast their programming on CBC is very different; it is much larger than what private producers who are distributing their programs on TVA will receive.
I have an example, in fact, and I think it also shows what this business is all about. There is a large private producer in Montreal called La Presse télé, which is a subsidiary of Gesca Power Corporation. For the last six or seven years, or maybe more, they have received $150 million of tax credits. They're selling 80% of their programming to CBC/Radio-Canada—obviously more specifically to Radio-Canada, because this is French programming.
This is something that could also highlight that eventually there are not going to be a lot of media companies that will investigate on CBC/Radio-Canada. Basically they are in conflict of interest because they are receiving so much money. They are the state broadcaster, so you're not going to spit on the hands that are feeding you. This is what this business is all about.
On subsidies and tax credits, we are entitled to that, according to Canadian programs that exist. We're not taking more or less; we're taking the share as the one proposed to all other private companies. We're not the only one receiving this. We see Global, we see CTV, we see many other private broadcasters being entitled to those programs.