CHUM outlines more Craig transaction benefits

TORONTO – On Tuesday CHUM announced the launch of the CHUM Prairie Bridge Finance Program (CPB). The new program is part of CHUM's nearly $20 million commitment in programming benefits to Alberta and Manitoba as a result of its acquisition of Craig Media Inc., and will provide “much-needed gap funding in the form of recoupable loans for eligible television and film projects,” says the CHUM release. The CPB initiative will make available $500,000 in gap financing to Alberta and Manitoba-based production companies. This is in addition to the previously announced $6.9 million in licence fees and other expenditures to independent...