I would worry a little about that for two reasons. First of all, I don't think you necessarily want to have a fund that was established specifically to create broadcast content, and which now has new media appended to it, funding products that are perhaps being created by a younger generation not constrained by the thinking in the broadcast system.
The other thing is that increasing the funding for something like the CMF becomes problematic, in that it becomes a matter of accounting again. The more vertically integrated you are and the more you own the broadcasters who receive the money from the fund you contributed to in the first place, the more you're really just controlling your own money, with a few of us throwing in extra dollars, and the less money is flowing to independent producers. That may become a problem in itself.
I would say that the real goal is that we need new thinking if we're going to use new technology like the Internet. So when I think of venture capital, I'm thinking much more of the true sense of venture capital than of subsidy programs like the Canada Media Fund. I think that's the wrong direction to stimulate innovation online.
