Thank you.
Mr. Menzies, in your opening remarks, you made the following comment:
...in Canada, we now...have a news ecosystem in which most of our journalists could soon have at least half of their pay dependent on the government, Google and any other offshore money the CRTC might come up with.... Given that the two most powerful entities in our society are governments and large data-vacuuming tech companies, this is not where we want to be.
It seems that you are raising concern with regard to big tech and big government colluding to provide $100 million to the news industry, and with regard to the fact that there is, in fact, a power imbalance when big tech is included in the equation.
Can you expand on your comments a bit?