Shaw to withhold CTF contribution: Report

CALGARY – The Canadian Television Fund will lose a huge chunk of its funding this year since Shaw Communications has apparently told the CTF it will no longer contribute, says an Ottawa Citizen report. According to the report, CEO Jim Shaw says he will no longer send the cable and satellite company's contribution of $56 million to Ottawa this year. Shaw says that until the fund is restructured, he will withhold the five per cent of his company's revenues that legislation stipulates be used to support the production of Canadian TV shows. Shaw has often said it would rather spend...