Industry committee  We eat the cost of the financing.

Industry committee  In media, revenues are generated through subscriptions or advertising. We have to confront the fact that if we accept having the lion's share of advertising revenues going to the Googles and the Metas, etc., and they're not required to contribute anywhere near as much as the Canadian broadcasters are having to contribute, whether they are digital, print or television, there are going to have to be adjustments.

Industry committee  I think that's so critical, and that's why we're making more investments pivoting towards delivering our news at every single point in time during the day on our digital platforms. That's exactly why we're making those investments towards digital.

Industry committee  That's a great point, and it's a fundamentally important issue to have credible news in an age of disinformation. I'd like to clarify some of the facts, though, as they relate to Bell Media. Fully less than 10% of the most recently announced job cuts were in the media division.

Industry committee  I can tell you that the information on the funding received under these subsidy programs is available in the Public Accounts of Canada.

Industry committee  Thank you very much for this fundamentally important question. As I mentioned at the outset, we inject $5 billion a year into the Quebec economy. I mentioned the fibre optic network that we rolled out in Trois‑Pistoles, Saint‑Côme, Lac‑Beauport and all over Quebec, in places such as Shawinigan, Saguenay—Lac‑Saint‑Jean and Thérèse-De Blainville.

Industry committee  We want to introduce competition, especially in Quebec. We're rolling out fibre optics. We have the best network. We're cutting prices. Bell is cutting prices for Internet services from Manitoba to Newfoundland and Labrador. We're cutting prices, especially in Quebec. Cable companies are finally facing tough competition.

Industry committee  We're working in partnership with all levels of government to share the cost of construction in remote areas. When we received subsidies, we met expectations.

Industry committee  I don't have the figures on hand.

Industry committee  Yes, absolutely.

Industry committee  Yes.

Industry committee  This was a very difficult beginning of the year at Bell. We certainly did not make that decision lightly. First and foremost, I want to thank the folks at Bell who were asked to leave for their significant contributions over the years. We made sure that each employee had a fair and reasonable severance package, and we supported them with career transition services.

Industry committee  Combining the two questions the members asked, this is a hugely important issue. As I mentioned earlier in response to a question from Monsieur Garon, we're faced right now with a very unsupportive public policy and regulatory environment, so that had an impact. We have a very difficult economy in Canada.

Industry committee  I'd like to be able to answer the question.

Industry committee  Inflation is up, interest rates are up and competition is increasing, which is an undeniably good thing for consumers and we support it. If you put these things together—technological change, lowering prices, a difficult macroeconomic environment and a wholly unsupportive public policy environment—companies have to transform and make adjustments, and this is what we've been doing.