All signs point to the struggling print media industry getting a financial assist from the federal government in the next budget.
The financing is expected to be doled out through the Canada Periodical Fund, which currently assists print magazines, non-daily newspapers and digital periodicals.
Heritage Minister Melanie Joly reportedly discussed the matter during a meeting Thursday with representatives of the Federation nationale des communications, which represents 7,000 people who work in culture and communications.
OBJ360 (Sponsored)
The changing landscape of termination clauses: What employers need to know
An annual review of your company’s termination clause might seem like an afterthought in the day-to-day running of a business, but it could save thousands of dollars and many headaches.
Charity flow-throughs help major donors stretch
Whether it is in Ottawa, or just about any Canadian city, capital campaigns abound. Hospitals, universities and every charity or foundation in between are seeking millions to meet the needs
Joly’s spokesman, Simon Ross, didn’t deny the report and says there will be an announcement in the coming weeks or months concerning the $75-million annual fund, which is currently under review.
Ross said the government wants to correct some of the problems with the fund “to adapt it to the digital age” because it was created before the advent of the internet.
Prime Minister Justin Trudeau told Quebec Le Soleil last week he was preoccupied with the financial crisis facing media in Canada and that the decision on federal funding would come in the next budget.
