Friday, January 26, 2018

Ottawa poised to offer financial assistance to newspapers in upcoming budget

All signs point to print media getting a much-needed financial assist from the federal government in the next budget, CP reports.
The financing is expected to be doled out through the Canada Periodical Fund, which currently assists print magazines, non-daily newspapers and digital periodicals.
Heritage Minister Melanie Joly reportedly discussed the matter during a meeting Thursday with representatives of the Federation nationale des communications, which represents 7,000 people who work in culture and communications.
Joly’s spokesman, Simon Ross, didn’t deny the report and says there will be an announcement in the coming weeks or months concerning the $75-million annual fund, which is currently under review.

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