[Independent]

The CEO of TVA's parent company is attributing the cuts to the public broadcaster competing with the private sector for the shrinking pool of advertising money available. IIRC some have suggested the BBC in the UK should start copying the model in Canada, but look at what it's doing to the private sector.

Quebecor CEO Pierre Karl Péladeau, who is also the interim president of Groupe TVA, places most of the blame for this on the federal government and the CRTC, who ignored his repeated calls to “ease burdensome and costly administrative and regulatory requirements,” stop Radio-Canada from accepting advertising, and level the playing field with foreign giants like Netflix.

TV advertising represents about $200 million a year in revenue for TVA, and it’s dropping fast. Its latest quarterly report, announced at the same time, has it losing $13 million in the broadcasting sector in the past nine months.

blog.fagstein.com