CMF cuts back after Budget flops

MONTREAL - The Canada Media Fund (CMF) will release a preliminary program budget for the upcoming year that excludes the $100 million program funding allocation proposed in last week’s Federal Budget.Noting that it can only release a program budget based on “confirmed sources of revenue”, the CMF said Saturday that the revised program budget will include the projected monthly contributions from BDUs as well as the $34.6 million of funding contained in the Department of Canadian Heritage’s budget which is allocated to the CMF.“In the event that the CMF receives a further allocation of funding as a result of the adoption of...