Radio / Television News

CMF trims budget, tweaks program guidelines

TORONTO – The Canada Media Fund (CMF) has set its 2016-2017 program budget at $371.2 million, down $4 million from last year’s budget, and has also revised its program guidelines.The CMF program budget is supported by revenue estimates for the coming year based on contributions from the Government of Canada; Canada’s cable, satellite and IPTV distributors; and recoupment and repayment revenues from funded productions. The program budget reflects a stable contribution from the Government of Canada and an expected decline in Broadcast Distribution Undertakings’ contributions to the CMF for the year to come. “The changes to the 2016-2017 guidelines are aligned...