CBC president warns of ‘dark clouds on the horizon’

The Globe's Simon Houpt writes: "On the eve of the CBC’s biggest broadcasts in years, its president says poor ratings for the current TV season and lower-than-expected revenue are creating “dark clouds on the horizon” that could spur a fundamental overhaul of the public broadcaster.
"In a memo issued to employees last week, CBC president Hubert Lacroix said he had informed the broadcaster’s board that “we are projecting significant financial challenges: a weak advertising market across the industry, lower-than-expected schedule performance in the key 25-54 year-old demographic on CBC Television, lower than expected ad revenues from Espace Musique and CBC Radio 2, and the loss of the NHL contract (and its anticipated ripple effect on our ability to sell the rest of our television schedule next year and beyond) have combined to create an important revenue shortfall for the whole of CBC/Radio-Canada, starting with the next fiscal year.”
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