Quebecor proposal would see $109 million spent on Cancon

By Glenn Wanamaker

MONTREAL – After announcing suspension of its monthly payments to the Canadian Television Fund (CTF), Quebecor Media now says it wants to opt out of the CTF entirely and put all money owed by its cable company, Videotron, into a fattened Fonds Quebecor, under its own control, for the support of home-grown productions destined exclusively for broadcast by its own properties. Quebecor president and CEO Pierre Karl Péladeau told a press conference Monday, broadcast live on the company’s all-news channel LCN as well as on its canoe.qc.ca web site, that the proposal is the “best way to ensure the survival...