And that is part of the problem, but in terms of public policy, we see it as a mix.
We're supporters of the public institutions that are creating programming, such as SRC/CBC and the National Film Board. We're supportive of agencies such as Telefilm and the Canada Media Fund. We're supportive of the tax credit system. That makes up for the challenges we have with respect to the size of our domestic market.
The flip side of it also is that the commission seems to be moving towards what we would see as a more strategic approach to regulation. We're really looking forward to the group licensing process, because the commission has seemed to indicate that in fact they will allow us to take that pot of money we spend and allocate it in the best way possible.
One of the examples we use is that we have a channel called Encore. It's a pay television channel. It runs programming that is 15 years old or later than that. Our view is, why should we have to spend a quota amount of funds to create old product? Why wouldn't we be able to take some of that money and use it to in fact create new programming?
The commission seems to be amenable to that. We'll see what happens. That is a really positive sign. As operators of a number of channels, each company can pick its spots and say, “That's what I'm going to invest in.” We think that's going to be a very positive development--if it happens.