Slashing Canadian TV

Canadian TV producers are apoplectic over a 25% budget cut handed down by the federal government this week. The cuts came as the nation’s TV industry prepares to select which funding proposals for new and existing shows will actually get the money they need for production. Additionally, the government is offering new financial inducements designed to attract even more American production crews to Canada, leading Toronto-based TV execs to complain that Ottawa is favoring foreign media interests over domestic ones.