LPIF totals $112.1 million in 2012

OTTAWA - The Local Programming Improvement Fund, which is to be phased out by September 2014, collected $112.1 million in funding from BDUs in 2012 compared to $106.7 million the previous year. The CBC`s TV stations accounted for more than $47 million paid out from the fund in 2012. The figures come from the latest financial statements released by the CRTC, which includes a listing of all stations that received LPIF support. Last July the Commission announced that contributions to the Fund will be gradually reduced until it is discontinued. As a result, the charge many cable and satellite companies...