The CBC is deep in the redbecause, well, nobody’s buying advertizing time right now. Apparently discussions are already under way with Heritage Canada. Most government-watchers I talk to agree there will be some kind of rescue funding but some cuts will have to be made – the process is already underway internally. There shall be pain.
It’s nice to see the dismal situation has not affected CBC VP Stursberg’s metaphorical speaking style. “The revenues fell off a cliff. … I have not seen a slide that precipitous and that deep in my entire life.”
So is the Mother Corp sinking?
“We have not been able to bail the boat as quickly as the water is coming in over the gunwales.”
Better keep pumpin’, mate!
February 26 update: Okay, so it seems the government isn’t seriously considering additional funding for the CBC after all. Perhaps my contact were doing a little spin themselves… Still, there are many ways to get money to the CBC and not call it a bailout. Let’s see what happens now.