Absolutely. As I said at the beginning, this is not a silver bullet. There are other programs that are complementing this: The Canadian journalism labour tax credit supports moving costs and the periodical fund is benefiting so many local media outlets, especially smaller publications in the west. I know that Conservatives, for instance, were worried about this. The periodical fund plays a major role for small outlets, especially in the west.
We've added, as you mentioned, an additional $40 million to the fund in budget 2022. It was announced yesterday. The reaction was extremely positive. We think that with this funding, we'll be able to support an additional 800 news organizations, and most of them—a big, big chunk of them—are small players.
We created the local journalism initiative. It helps news organizations provide coverage in underserved communities.
Those programs complement each other and try to help our system have a strong local and regional independent free press, which is essential for democracy.