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BCE Inc (2)
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Globe says Rogers, BCE await handout for local news

2016-06-16 08:17 ET - In the News

See In the News (C-RCI) Rogers Communications Inc

The Globe and Mail reports in its Thursday edition that the CRTC is reshuffling support for local television, promising up to $90-million in existing annual funding could be shifted to support local news programs. The Globe's James Bradshaw writes, however, that to get their share, the largest companies will have to keep all their stations open. A new framework released on Wednesday is designed to keep current levels of local news programming on air as local broadcasters endure steep declines in advertising revenue and the threat of stations going out of business. The CRTC's review of local and community TV, which launched last September, was always going to be a zero-sum game. The regulator has insisted from the start that "there is sufficient funding within the broadcasting system" to sustain quality local programming. BCE and Rogers Communications -- which are TV distributors but also own broadcasters CTV and City -- will be able to access up to $67-million to spend on local news programs, but will have to decide how to divide it between their local and community stations. "We're saying that if you want to benefit from this flexibility, it comes at a cost," CRTC chairman Jean-Pierre Blais told The Globe.

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