The budget released last month by Mr. Jim Flaherty and the Conservatives has left out any word of financial appropriations for the CBC’s annual budget. This, coupled with a projected shortfall of $65 million in annual advertising revenue is leaving the CBC in a fiscal scramble.

Traditionally the CBC is given unspecific details about its total appropriation from the Federal Government. However, the CBC has regularly received an allocation of $60 million in government funds. The remainder of the $1 billion annual operating budget of the CBC is made up primarily from CBC Television advertising revenue.

With no word from the government about any upcoming financial support, the CBC is left searching for ways to soften the loss in ad revenue. “The minister has had discussions with the CBC as the minister responsible, but like any discussions he may have had with other industry stakeholders, the content is private,” said Deidra McCracken, spokesperson to Heritage Minister James Moore. CBC President Hubert Lacroix is searching for ways to continue the 10-year streak of ending the year without a deficit. “We are exhausting all possible avenues for financial flexibility to find a way to spread the impact of this crunch over more than one year,” said Mr. Lacroix.

CBC is not asking the government for more money. “CBC/Radio-Canada has not asked government for a hand-out, an increased subsidy or an increase to our appropriation,” said management.

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Tags: Budget, cbc, Media, radio canada, television

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