Thank you, Mr. Waugh.
The impact of that would be that CBC/Radio-Canada news content could be shared on dominant social media platforms without incurring the obligation to bargain. The government did consider—it's certainly a question we turned our minds to—whether CBC/Radio-Canada should be included in the regime or not.
The government's position is that CBC/Radio-Canada generates news. It's an important source of news for Canadians across the country, as you spoke to in your remarks. It does operate on a hybrid funding model, where there's parliamentary appropriation, but CBC/Radio-Canada also has other revenue streams that it's earned.
The decision was that Canadians and the government have an interest in making sure that the value that CBC/Radio-Canada puts into its news content is part of the framework. Again, the goal is to make sure that those revenues, just like for other news businesses, get reinvested in news and journalism.
As I alluded to at the beginning, there was concern about the unintended consequences of excluding CBC/Radio-Canada, which would put them on a different footing whereby their content could essentially be used without incurring the bargaining framework, meaning that it could be shared. We didn't want to create a situation where you were indirectly incentivizing platforms to prefer CBC/Radio-Canada content because it was on a different kind of footing than other kinds of news content in the sector.