Tuesday, May 12, 2009

CBC faces further cuts of up to $56M in 2010

CBC could be facing a cut of up to five per cent, or $56 million, from its parliamentary appropriation in the 2010-2011 fiscal year.

That reduction would come on top of a funding shortfall this year of $171 million as a result of a decline in ad revenue.

The federal government has set a target of reallocating expenses by five per cent under its strategic review of government departments and Crown corporations.

The strategic review program, begun in 2007, requires all departments and Crown corporations to look at their spending once every four years, according to a spokesman for the Treasury Board.

CBC president Hubert Lacroix told CBC employees on Friday that CBC/Radio-Canada has been asked to participate in the spending review for 2010-11.

Lacroix is to chair a steering committee that will look at CBC expenditures and try to determine which are lowest priority in relation to the CBC's mandate.

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