I feel that there is a lot of debate on public funding. In my view, the role of the government is not to keep funding the media for ever and ever. One of its main roles, however, is to put an end to the asymmetry in certain markets. At the moment, there's a lot of asymmetry in some markets.
Google has developed a vertical monopoly in digital advertising in Canada. I read where the monopoly was compared to a major bank also owning the Toronto Stock Exchange. Imagine if a private company issued shares and also owned the platform on which those shares were traded. Think of the extent to which that could cause asymmetry and conflicts of interest in the way Canada's economy operates. Surely, regulation would automatically ensue.
In terms of digital advertising, Google controls the advertising industry and the platform on which the advertising appears, as well as controlling Android and Google Chrome, actually. It's a disaster. It stifles innovation and it affects both consumers and the media. If this were not all digital, the government would have become involved already. But we seem to be saying, oh, it's digital, oh, it's special, it's new, and so on. But if it was a company that was not digital, regulations would be in place already.
The same goes for Facebook, whose monopoly is horizontal. Those are the issues that I see as the really major ones that need to be addressed. These informational asymmetries must be stopped. It's not about the funding; it's about the asymmetry.