CBC operating budget cut by $115 million
It’s the worst-kept secret in Canadian television. By 2014-15, CBC’s operating budget will shed $115 million, as part of Canada’s 2012 federal budget. In the same timeframe, Telefilm Canada will shed $10.6 million, while the National Film Board of Canada will shed $6.7 million. The Canadian Radio-television and Telecommunications Commission is relatively lucky, as a $400,000 funding reduction is on tap for 2013–14.
CBC sent a press release on March 29, 2012. The press release states that its 2015: Everyone, Every way strategy will work around the budget reductions. Lobby groups and unions aren’t quite as sanguine about CBC’s budget cuts, including the Canadian Media Guild, ACTRA, and Friends of Canadian Broadcasting.
The Canadian Centre for Policy Studies applauds the budget cuts, as the CCPS calls for CBC’s “inevitable privatization.”