Saturday, April 29, 2017

Heritage minister calls for overhaul of news business

Heritage Minister Mélanie Joly called for a “true redefinition” of the Canadian media industry Friday, as the Liberal government continues to study ways to support the beleaguered news business in the digital age, the Star's Alex Ballingal reports.
A range of options remains on the table, from tax changes to the creation of a fund for media projects, but Joly said it’s too early to say what Ottawa will do to help Canadian news outlets, which have seen huge drops in profits and also job cuts in recent years.
She said that government action must include players in the media industry as well as corporate titans such as Google and Facebook, which gobble up huge portions of digital ad spending, according to a prominent report published in January on the withering media sector.
Joly said she expects to present some of the government’s proposals for Canadian media later this year.

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