Thank you.
Google and Facebook do need media. There's just no doubt about that. Obviously, Google does more clearly, but Facebook also does. They used to call it News Feed and it's now just called Feed. I think there's an obvious reason why they've changed that name, but they want eyeballs and they need media because people will do searches on both Facebook and Google.
In terms of the size of media, there's just no doubt that the beneficiaries of these sorts of bills are the smaller players. The larger ones that have name recognition can do better on subscriptions. The smaller ones absolutely cannot, so this sort of legislation does help the smaller players disproportionately more, and that has certainly been the Australian experience.
I hope that answers the question.