Tangible benefits spending triples in 2011-2012: report

OTTAWA – Canadian broadcasters spent a record $177 million on public benefits related to the acquisition of regulated Canadian broadcast television assets in the 2011-2012 broadcast year ended August 31, 2012, according to new research from consulting firm Boon Dog Professional Services. The level of English-language television benefits spending by various Canadian broadcasters in 2011-2012 more than tripled from the amount ($52 million) spent in the previous year. That $177 million is roughly the same amount as what was spent on tangible benefits in the previous four years combined – or almost as much as Shaw Media is required to...