Cutting $10 Million From The CBC

Canada’s CBC is facing a government-mandated $10 million cut in its budget. “The CBC is already dealing with other financial pressures, including rising production and health-care costs, renewed contributions to the CBC pension plan and a massive loss of advertising revenue as a result of the NHL lockout (estimated to be about $50-million).”

Source: The Globe & Mail (Canada) - 11/08/04