Thank you for the question, Mr. Waugh.
There is indeed a regulatory instrument that specifies the amount of foreign investment and ownership that can currently take place in Canadian broadcasting undertakings. That is set out in regulation. There are thresholds there, so you are right that there is some foreign investment, for example, in TSN, but it does respect those CRTC regulatory instruments that prescribe a maximum amount of foreign investment so that the broadcasting undertaking remains Canadian owned and controlled, to be consistent with the current policy objective of the act.