$138.7 million down, $420.7 million in television benefits to go

OTTAWA – Spending on tangible public benefits related to the acquisition of regulated Canadian broadcast television assets increased by 27%, or $29.9 million, to $138.7 million in the 2013-2014 broadcast year, according to new research from Ottawa-based research firm Boon Dog Professional Services.Of the $138.7 million in television benefits spent in 2013-2014 (the broadcast year ended August 31, 2014), 87% or $120.9 million went to on-screen/programming-related initiatives — primarily the creation of new Canadian programming — and the remaining 13% or $17.8 million went to social initiatives such as funding for digital television upgrades, training programs, and television/film festivals, according...