CBC funding crisis
[Note: This post has been updated] “The CBC is heading toward a new fiscal year with little clarity about
its funding from Ottawa, even as it suffers a projected 2008-2009
shortfall in ad revenue of up to $65-million,” reports the Globe and Mail.
“This financial uncertainty increases the possibility of job cuts and
changes to its services and programming, which CBC senior management
says it is having to consider in order to ride out the current crisis
hitting the entire media industry.”
What of CBC news?
Uh … this doesn’t look promising. “The CBC already receives “substantial financing” from federal coffers, Finance Minister Jim Flaherty said Wednesday ...”