Pierre Karl Péladeau complains to Heritage minister about CRTC’s renewal of CBC licences

Calls for minister to ban ads on the public broadcaster By Denis Carmel OTTAWA – In a letter obtained by Cartt.ca, Québecor CEO Pierre Karl Péladeau brings falling advertising revenues to the attention of the Minister of Canadian Heritage while criticizing the recent renewal of the national public broadcaster’s licences by the CRTC. “In the face of technological globalization of non-Canadian companies that rely on advertising (FAANG, and soon Netflix and Disney+), which is the only source of revenue for traditional television, the CRTC has decided to maintain the CBC’s power to continue to use it,” Péladeau mentions in his...