The current version wisely introduces baseball-style arbitration, guarantees that publishers of all viewpoints are eligible to participate in negotiations and imposes a size limit—incorrectly, in my view—to focus support on small and local outlets.
My last point is that a more recent amendment ensures that a significant share of the funds—65%—collected, pursuant to the JCPA, would be allocated to news publishers based on their pro rata share of a newspaper's spending on journalists. In other words, newspapers that shed journalists would be punished under the allocation mechanism as their pro rata share of the global award would be reduced.
Thank you for your time, and I'm happy to answer any questions.