Sunday, March 1, 2009

Canadian Government Bailout Of CBC

Stumbling CBC Seeks Federal Help
Faced with a $65 million advertising shortfall, the CBC is reaching out to Ottawa for bridge financing, an unprecedented request of a Conservative government that has historically had a cool relationship with the public broadcaster. "The revenues fell off a cliff. ... I have not seen a slide that precipitous and that deep in my entire life," Richard Stursberg, executive vice-president for English services, told employees yesterday.

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