The CBC’s TV ad dollars have plummeted by 37 percent as fewer than 1 percent of Canadians tune in to watch local newscasts, according to Blacklock’s Reporter.
In the latest annual report, the CBC asked whether it could remain sustainable without the help of more Canadian tax dollars. In 2016, the Federal budget allocated $675 million to the state broadcaster, however, it seems this is not enough to keep the CBC above water.
In their annual report, the CBC blamed the atrophy of the media industry for their ills. They further stated that the crown corporation would likely have to reduce their services.
The CBC’s English-language programs ad revenues fell 37 percent and the French-langauge programs’ revenues fell by three percent, spelling unaccounted, million dollar losses.
Despite these losses, the CBC has no intention to reform into a profit-earning organization. CEO, Catherine Tait, said that the CBC existed “not to compete, we exist to serve.” This serving, however, is costing the taxpayer millions of tax dollars.
The CBC’s largest source of funding derives from a $1.2 billion government grant. Nevertheless, they will continue to seek more from the government. The sheer cost of the broadcaster alongside allegations of political bias towards the Liberal Party in the 2019 election will make this appeal for further funding controversial.
Join and support independent free thinkers!
We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.
Remind me next month
To find out what personal data we collect and how we use it, please visit our Privacy Policy
