OTTAWA—The Canadian Broadcasting Corporation (CBC) is pleased with the Canada Media Fund’s (CMF) new performance envelope calculation factors, CBC spokesman Angus McKinnon told The Wire Report.

When the CMF launched in April, the public broadcaster had expressed concern about cuts to its funding envelope.

Prior to the fund’s creation, the CBC received a guaranteed funding envelope of 37 per cent. Under the new factors for the 2010-2011 broadcasting year, the CBC had estimated it would lose $12.6 million in funding.

Contact Ryan O'Neill at 613-232-5952 ext. 222 or roneill@thewirereport.ca
Interested in reading more from The Wire Report? Sign Up for a Free Two Week Trial

You will receive our Headline Bulletin twice each week, with hotlinks to comprehensive news coverage and analysis of Canada’s communications industry.

Already a subscriber? Click here to log-in and view this article.