Madam Chair, this is a key question. I think there are a number of actual benefits to a fund as opposed to a regulatory approach.
The first one, which will save an immense amount of litigation, is that the raising of revenue is clearly a federal power. It is not clear at all that the federal government has regulatory authority over Google and Facebook. In fact, my opinion would be the contrary, so I think you're on safer constitutional ground. It avoids, say, four years of litigation to get to the Supreme Court of Canada.
Second, it means that you can bring into the fold all of the groups who are deserving at once. You're not reliant upon the major newspapers, say, or news organizations getting together, going into the bargaining process on their own behalf and leaving out all the small players that don't have the resources to fully compete in a bargaining process.
I think a levy or a fund of some kind is actually a very attractive alternative to this kind of process.