The federal government announced several cuts to budgets yesterday and the CBC network was hit with a substantial whammy – they will lose $115 million over the next three years.
According to the CBC, the public broadcaster will see 10 per cent taken from its current $1.1-billion budget as part of a $5.2-billion cut to federal spending over three years. The budget will be trimmed $27.8 million for 2012-13, another $41.8 million in 2013-14 and a further $45.4 million in 2014-15 for a total of $115 million. That means the budget is set to be $115 million less from then on. A $60-million programming fund that was renewed annually will now be included in the CBC's total budget and was included in the calculation of the 10 per cent cut.
Telefilm Canada and the National Film Board of Canada also received cuts to their budgets.
The CBC responded by issuing a statement that said, "The measures that CBC/Radio-Canada intends to take over the next three years will be set out in greater detail for our employees and the Canadians we serve as soon as possible." However no further details were given as to how exactly television, radio, and internet projects for the CBC would be affected.
The Canadian Press went on to quote Marc-Philippe Laurin, president of the Canadian Media Guild's CBC branch, as saying, "This is a sad day. We don't yet know exactly what these cuts will mean for CBC/Radio-Canada services and employees. However, this is a major cut that will surely have a devastating impact on CBC services by 2015."
Photo Credit: Julia Ivantsova