In what’s being termed a scattershot approach to funding, the feds have promised funding for media in the following areas:
- Providing $30 million over the next two years to support continued access to Canadian magazines and community newspapers.
- Providing $28.6 milion over the next two years to the Canadian New Media Fund and $14.3 million annually thereafter.
- Providing the Canadian Television Fund with $200 million in funding over the next two years.
What this means exactly will be the next issue: how does $30 million improve access to Canadian magazines, what strings/conditions are going to be on the New Media and Television Funds? Stay tuned.
P. 25, Canada’s Economic Plan, Jan. 27 2009