Media study says hundreds of Canadian radio stations, TV outlets risk closure

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The Canadian Press Staff

CTV

August 26, 2020

As many as 40 local television outlets and 200 Canadian radio stations could be forced to close in the next three years as the financial pressures faced by media companies intensify under the COVID-19 pandemic, suggests a new study from an industry advocacy group.

The Canadian Association of Broadcasters issued a report on Wednesday warning of potential closures and widespread job cuts as private TV and radio broadcasters face a cumulative projected revenue shortfall of up to $1.06 billion by the end of 2022.

Most vulnerable are the country’s AM radio stations, the report said, as well as other independent private radio and TV operations in smaller markets across the country.

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11 COMMENTS

  1. Why not give these floundering radio stations at NO COST with tax incentives to real radio people from the 70’s thru to the 90’s. I’m sure these bored retirees would find an audience based on personalities and music. They are pretty smart people
    Vehicle consumers still want AM radios, although electric cars will be moving away from the AM band, but that can be dealt with easily with AM after market sales I find FM and satellite stations extremely boring, zzzzzzz
    https://www.forbes.com/sites/chrisversace/2015/04/08/consumers-still-want-amfm-radios-in-their-cars/#127d21063721

  2. The sooner the better…….the less people promoting the FRAUD called COVID the sooner we can take down the Bolsheviks promoting it…..

  3. Let me fix “as the financial pressures faced by media companies intensify under the COVID-19 pandemic” to more correctly read: “as the financial pressures INFLICTED by media companies intensify under the MEDIA-DRIVEN COVID-19 pandemic”

    I am sad for the folks and families that work so hard to make radio and tv stations work. Sad for those that truly believe in the 4th Estate and it role in delivering truth to power, as opposed to delivering lies from power.

    As for those losing their jobs because of delivering said lies, Kiss My A$$.

    Robert and Chuck are quite correct. One should be able to get these stations at essentially zero cost, set up a non profit and be able to emply some people and allow others to volunteer their time and expertise. Imagine how rich and diverse that would be.

    Imagine, if you will, if you could cover something such as roller derby events here in Vancouver. How much fun that would be. DTES interviews. Bapka and kobasa recipes from Granma Olga. Phone-in hours at the radio station. Any topic, any rant. For tv., man-in-the-street rant of the day. With today’s tech, you can get panel members to discuss fron any corner of Canada. And have a poll with the least popular panel member getting booted and replaced. “Canada’s Got Panelists” Chuck himself with handle the buzzer, Robert will handle the hook.

  4. George in Richmond

    “I am sad for the folks and families that work so hard to make radio and tv stations work. Sad for those that truly believe in the 4th Estate and it role in delivering truth to power, as opposed to delivering lies from power.”

    WHY are you sad for these people? The FAKE NEWS has been FAKE NEWS for quite some time now. This is not North Korea or the USSR. People can make their “own choices” where they work. No one puts a gun to your head and says “Go work for the FAKE NEWS – Jody Vance and Beat Off Baldrey need you……”

  5. That new punjabi station cksp am 600 has been off the air since yesterday. Does that mean its cancelled for good, and 650 am will have to switch to punjabi or even mexican? Or even all recipe radio? Or contemporary christian?

  6. NW is certainly a candidate for this, it’s not even a shell of its former self. After 12 noon not worth listening, no wonder CBC is the tops in this market

  7. Coop radio certainly a candidate for this. Since its frequency swap with the peak in 2012, increasingly a shadow of its former self. Possibly worse. Literally turned pretty much into community college/lgbt/ feminist/human rights/ black activist radio. Nothing worth listening to except for accordion noir wednesday nights, and a few other programs like radio ecoshock friday afternoons and world music program once in awhile sunday afternoons, to name two.

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