Report outlines details of tens of millions worth of benefits cash flowing through the system

OTTAWA - Various Canadian broadcasters spent a combined $51 million in so-called tangible public benefits during the 2010-2011 broadcast year ended August 31, 2011 associated with their acquisition of English-language television assets in recent years. Of the cash spent in the last completed broadcast year (which was about on par with the 2009-10 year), 84%, or $43 million, went to on-screen/programming-related initiatives, primarily the creation of new Canadian programming, and the remaining 16% or $8 million went to social initiatives such as funding for television/film festivals. The latest research is contained in the second installment (2012 report) of the annual...