Thank you.
It's a pleasure to meet you finally. In my previous life I had a number of dealings with your predecessor, and I look forward to the work you will be doing with the CRTC.
I want to ask you a bit about the LPIF and the decision by the CRTC to phase it out. As you know, that program was initiated to help local programmers, who were finding that they were hampered in creating programming on a local level, news and so forth, as vertical integration took over the broadcast industry. The decision to phase that out was criticized quite heavily by a number of organizations, including the FCFA. I'd love it if you could elaborate on why that decision was made, and if there is anything in the works to either replace or supplement the local programming initiatives.