Sunday, January 24, 2016

Half of local TV could go off air by 2020 without funding, CRTC warned

Terry Pedwell of The Canaidna Press writes:
 "Nearly half of the country’s local TV stations could be off the air by 2020 without a boost in revenues to pay for local programming, the national broadcast regulator has been told as it prepares to open public hearings into the viability of local TV.
"The warning comes in a study submitted to the Canadian Radio-television and Telecommunications Commission in advance of hearings that begin Monday.
"Conventional, private TV stations have seen revenues decline by about 25 per cent since 2010, said the report, jointly prepared by the consulting firm Nordicity and communications lawyer Peter Miller. But many stations that are holding their own for now could close over the next four years, potentially costing nearly 1,000 jobs, said the report submitted by the advocacy group Friends of Canadian Broadcasting."
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