Industry stakeholders applaud Budget, but will it pass?

OTTAWA – Count CBC, the Canadian Media Production Association (CMPA) and the Canada Media Fund (CMF) in favour of Tuesday’s 2011-2012 Federal Budget, though its ability to be ratified by Parliament appears doubtful.The public broadcaster said that it was “pleased” that the $60 million in funding that CBC/Radio-Canada been receiving since 2001 for Canadian programming initiatives has been renewed for another year, calling it “crucial” to the implementation of its new five year plan known as 'Everyone, Every Way'. "This is great news for Canadians who look to CBC/Radio-Canada for high quality Canadian programming on television, radio and the Internet," said...