Canadian Govt Slashes CBC & NFB Funding; Layoffs Expected

Freelance journalist Dominic Patten is a Deadline contributor

The Canadian Broadcasting Corp. (CBC) and the National Film Board of Canada are going to have to make do with 10% less. That’s the amount Prime Minister Stephen Harper’s budget cut Tuesday from the public broadcaster and the documentary agency. The CBC will lose $115 million, in Canadian dollars, from the $1.1 billion it currently receives from the Canadian government. Telefilm Canada will also see a 10% reduction in its budget.

The initial CBC cuts will take place over two years, with $27.8 million lost in 2012-2013 and then $69.9 million in 2013-2014. After 2014, $115 million will come out the broadcaster’s annual taxpayer subsidy. Government funding currently makes up 60% of the CBC’s overall revenue.

The NFB will lose $6.7 million a year until 2015. Telefilm Canada will lose $10.6 million.

While he made no reference to the CBC or NFB cuts in his budget speech, Canadian Finance Minister Jim Flaherty did say that, in aiming for a balanced budget by 2016, “we will implement moderate restraint in government spending.” The government is cutting $5.2 billion annually overall from its current expenditures of $276.1 billion.
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This article was printed from https://deadline.com/2012/03/canadian-govt-slashes-cbc-layoffs-expected-250901/