CAB announces LPIF governance structure

OTTAWA – Over-the-air broadcasters serving markets of less than 1 million people can now apply for a share of approximately $100 million from the new Local Programming Improvement Fund (LPIF) which came in to effect Tuesday.Both private broadcasters and CBC/Radio-Canada television stations can access the LPIF, which is funded by cable and satellite companies who must contribute 1.5% of their gross broadcasting-related revenues from the 2008-2009 broadcast year.The Fund, administrated by McCay, Duff and Company Management Ltd., will be disbursed over the 2009-2010 broadcast year. One-third of the total funding will be divided equally amongst stations in specific Francophone and...