CAB asks CRTC to raise Independent Local News Fund market cap

GATINEAU — As administrator of the Independent Local News Fund (ILNF), the Canadian Association of Broadcasters (CAB) this month asked the CRTC to raise the fund’s current 10% market cap to 12% in a Part 1 application filed August 10. The CAB application makes the request in order to preserve the status quo following Bell Media’s acquisition of V Interactions (licensee of the V television network and five French-language television stations in Quebec) from Groupe V Media in May 2020. The ILNF supports the production of local news and information by private, independent television stations. As it stands now, the...