Without immediate help, dozens of local TV and radio stations face closure, says CAB

Pandemic has accelerated structural decline and ideas abound, but government has not responded OTTAWA — The Canadian Association of Broadcasters (CAB) today released an economic study by media economist Communications Management Inc. (CMI) which projects the possible closure of up to 40 local TV stations and 200 radio stations within the next three years. According to CMI’s The Crisis in Canadian Media and the Future of Local Broadcasting report, within four to six months up to 50 radio stations could close, with an additional 100-150 radio stations possibly shutting down during the next six to 18 months. In addition, CMI...