As Cal points out, we don't operate in a walled garden anymore, and we have a level of competition that's unprecedented. We still live in a regulatory world, in a lot of cases, that was designed and put together at a time when we did operate in a walled garden.
As a colleague of mine in our company likes to say, we have way more people chopping at our tree, and you've heard about the impact of the loss of advertising.
Bill C-18 isn't perfect, but it is the mechanism we have in place at the moment. What I'm really worried about is that the measures in place will get set aside through ongoing trade negotiations, as well as the delays caused by them and the impact the delays will potentially have on LITS members and other media companies across Canada. This is going to be catastrophic.