Thank you.
Good to see everyone.
Broadcasting has changed. I just finished The Tangled Garden. It's a fascinating book. I would think everyone on this committee should read it. The Broadcasting Act does not pertain to newspapers today, so, Mr. McAdams, you're right. Governments across the world are pulling ads from newspapers, not only in Canada. I have PressReader and I read a lot of newspapers worldwide. Governments are no longer going to subsidize newspapers. I see it. That's just the way it is. That's the big change. It started with the Harper government in 2010 and it has continued. I'm not saying it's right but if you think you tell us in committee that governments across the world should spend more on newspapers, it's not going to happen.
The shift has happened and it's going to continue to happen and I don't know where you're going to find your revenues. We did ask Facebook on Friday, because they are taking a lot of content from newspapers in this country. They're not paying for it. They don't want to pay for it. We've heard that loud and clear from Mr. Chan. Your newspaper group should start there. Put the pressure on these giants like Facebook and see if you can get anything from them because the day of the federal government subsidizing newspapers is all but over.