Mr. Speaker, that is untrue and Hubert Lacroix himself, the CBC president, said today in Montreal that jobs would have been lost even if the government had loaned the CBC $125 million. That is not a solution to the problems at the CBC.
All the public and private broadcasters have seen their advertising revenues decline. It is a real problem for them. All that the government can do is increase its investment, and that is what we have done: an unprecedented $1.1 billion for the CBC this year.