New content development fees to hit radio stations Sept. 1

OTTAWA - The CRTC announced today that its revised commercial radio and digital Radio Policies will come into force this September 1 and will force the country’s radio stations to pay millions more to support the development of Canadian talent.The levies for the support of Canadian talent had been based on the size of the market served by each station, but the new Canadian content development (CCD)system now calculates fees according to revenues.Stations at the low end, with revenues of $625,000 or less, will pay a flat $500; those who make between $625,000 and $1.25 million will pay a flat...