Sure. As many have pointed out, the reality is that there were great benefits that came to the publishers from social media and from search. Indeed, that was the basis upon which, in many respects, this took place for a very long period of time.
Frankly, what we have seen in the aftermath of the legislation taking effect in June really confirms that. I don't think it can be understated. There is real harm with news entities talking about lost traffic in the range of 30%. There are some news outlets that have stopped their services, effectively, or suspended their operations altogether.
Notably, there has been real harm from an investment perspective in this country. I've had a number of entities come forward, saying that in the current environment, and given the way the legislation has been structured, investing in news in Canada just isn't something people are apt to do.
It has caused real harm, based on this odd conception that driving free traffic to publishers, which was clearly a value—and we now see just how much it was worth—somehow required compensation. At the end of the day, it was all about creating mandated payments for links. This is why I know that I and many others were deeply troubled by the foundational elements in the legislation.