The Legacy Media is Smearing the Trucker Convoys
Legacy Media has been bought by the Federal Government.
From the
CBC 2019 – 2020 Annual Report
Revenue and other sources of funds
CBC/Radio-Canada has four sources of direct funding: government appropriations for operating and capital expenditures, advertising revenue, subscriber fees, and financing and other income:
Government funding: This year, operating funding was $1,098.1 million, capital funding recognized in income was $106.9 million and working capital was $4.0 million.
Advertising revenue: This includes ongoing sales of advertising on our conventional television channels, digital platforms, discretionary television services and other platforms. TV advertising revenue is decreasing as a proportion of our total source of funds mainly as a result of the market’s shift away from conventional advertising platforms.
Subscriber fees: These are fees from our discretionary services: CBC News Network, documentary, CBC Gem, ICI EXPLORA, ICI ARTV, ICI RDI, ICI TOU.TV EXTRA and Curio.ca. Subscriber fees from our traditional platforms are experiencing downward pressure from the continuing cord-cutting and cord-shaving trends.
Financing and other income: This includes ongoing income from activities such as the rental of real estate assets, content sales, leasing of space at our transmission sites, host broadcasting sports events such as World Championships and contributions from the Canada Media Fund.
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If I received 70% of my cash flow (over 1 Billion Dollars) from one supply I would sure as hell not piss them off.
By Christine Dobby Business Reporter Mon., Feb. 8, 2021 – Toronto Star
Layoffs at Bell and Rogers plus ongoing dividend payments draw criticism from industry watchers who say federal program didn’t save jobs at the big three telecoms.
Rogers, Bell and Telus collected more than $240 million from Canada’s wage-subsidy program — and Bell and Telus raised shareholder payouts.
Layoffs at Bell and Rogers plus ongoing dividend payments draw criticism from industry watchers who say federal program didn’t save jobs at the big three telecoms.
Canada’s big three telecom companies have collectively received more than $240 million from the federal government’s wage subsidy program while continuing to pay out billions of dollars in dividends to shareholders.
According to the most recent filings in provincial lobbyist registries, Bell has received $122.9 million, Rogers $82.3 million and Telus $38.6 million in support payments as part of the Canada Emergency Wage Subsidy (CEWS).
Since the beginning of the pandemic, the three companies have continued to pay out regular dividends to shareholders; Bell and Telus have announced increases to their annual payouts. Both Bell and Rogers have also laid off workers at their hard-hit media divisions.
Other large businesses have also paid out dividends while receiving CEWS support, including numerous companies in the oilpatch, auto-parts maker Linamar and furniture retailer Leon’s. (Torstar, the parent company of the Toronto Star, is among the recipients of the federal wage subsidy.)
Economists say the relief payments to large, profitable companies with ample access to credit illustrate problems in the way CEWS is designed, in these cases leading to benefits for shareholders but not necessarily targeted support for workers whose jobs are at risk. One Liberal MP is calling on the government to claw back payments from companies that have paid dividends.
“CEWS is sold as a wage subsidy, but it’s really a business expense subsidy,” said Amin Mawani, associate professor of taxation at the Schulich School of Business at York University.
Mawani has argued that Canada should consider a model where the government pays subsidies only in respect of employees who miss hours of work because of the pandemic. Under the current rules of the Canadian program, businesses with any level of revenue decline are eligible for at least some level of subsidy with respect to all their Canadian employees.
He said it is understandable that businesses would continue to pay dividends, which he described as a “cost of doing business” akin to paying interest to the bank on loans, but he questioned the need to hike payouts this year. “I don’t think shareholders were necessarily expecting an increase during the pandemic.”
De-fund The Legacy Media
Enough of the Corrupt Government Payouts to All Media Companies
The ability of journalists to report freely on matters of public interest is a crucial indicator of democracy.
A free press can inform citizens of their leaders’ successes or failures, convey the people’s needs and desires to government bodies, and provide a platform for the open exchange of information and ideas.
When media freedom is restricted, these vital functions break down, leading to poor decision-making and harmful outcomes for leaders and citizens alike.
When media freedom is purchased in bulk by controlling organizations or governments the clear and transparent news so vital to an informed public is biased towards what the controlling organization or government wants the citizens to have access to and also what they do not want them to have access to.
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