Thank you very much.
My question is for Mr. Griffiths.
In your opening statement, you talked about the importance of establishing trust. You made a comment with regard to money being given by the government in order to prop up existing journalists and entities. You talked about the fact that with the way it is done with the “payroll tax subsidy”, as you called it, it's rather difficult for new players to enter the market. Instead, it boxes them out and protects the existing players.
I'm curious about your view on what this type of conduct by the government does to overall public trust in the media. Further, I'm interested in knowing your views on what this does to journalistic integrity and overall transparency. They are tied together, of course—trust with integrity and transparency.