It's an interesting question. Thank you.
I'm going to give a heads up to my legal counsel that she may want to add to my answer.
The fact of the matter is that today, as we read the Broadcasting Act, we have regulation over all programming. Programming is very widely defined. The commission has looked, I think three times in total, dating back to 20 years ago, at whether or not it would be desirable or necessary to regulate content delivered over the Internet. In the past, the commission has concluded that regulating it would not meaningfully contribute to the broadcasting system.
Now the world has changed. As I said in my opening remarks, the extent, the volume and the significance of over-the-top programming makes that not the case today. We have exemption orders in place that require them not to be licensed, but they fall under our jurisdiction.