Newspaper that lobbied government now gets 38% of revenue from taxpayers

EDITORIAL: Trudeau’s been keeping it serious so far in 2020 | Edmonton Sun

In their Second Quarter Financial Statements, FP Newspapers Inc. of Manitoba reported $11.9 million in revenue. Of the $11.9 million, $4.5 million came from the federal government.

BY TRUE NORTH WIRE

September 11, 2020

A newspaper that led the campaign for a media bailout is now reporting that 38% of their revenue comes from the government, according to Blacklock’s Reporter.

In their Second Quarter Financial Statements, FP Newspapers Inc. of Manitoba reported $11.9 million in revenue. Of the $11.9 million, $4.5 million came from the federal government.

“While we believe swift actions taken to reduce and defer costs together with meaningful direct support by the federal government has resulted in us being in a relatively stable financial position currently, this could deteriorate quickly if the overall economy does not improve,” the company wrote.

Winnipeg Free Press publisher Bob Cox, a senior member of FP Newspapers Inc., led the lobbying effort on behalf of the newspaper industry to get a bailout from the Trudeau government.

In 2019, the Trudeau government awarded the media industry a $595 million bailout, available to outlets that meet the government’s definition of a “Qualified Canadian Journalism Organizations.” 

FP Newspapers Inc. expects to earn $425,000 from the media bailout this quarter, along with funding from the Journalism Tax Credit, Canada Emergency Wage Subsidy and a grant from Heritage Canada.

In 2019, Cox told MPs that lobbying for a media bailout was not done out of self-interest.

“These measures have been called a bailout by some. I would suggest this crowd knows very little about the business of operating a newspaper,” he told the House of Commons Finance committee.

“There has also been the suggestion newspapers will be beholden to the federal government, not independent, and more likely to give favourable coverage. Well, I have not noticed this happening.”

Read More HERE

Published on September 16, 2020 at 1:26 pm by Voice Over

Comments

September 12, 2020 - 7:56 am

habib

Perhaps if the media stopped being federal mouthpieces, parenting the liberals, uniform, and the WHO/Chinese government, allowed the public to make comments again, and did some old time real investigative reporting there might be a reason for their existence. Here’s a easy one, why would a male teacher at a private girls school in BC need to have a NDA in place? Just a thought…


September 14, 2020 - 2:18 am

Richard

They are REALLY betting the farm on COVID. The Bolsheviks that is……..really betting the farm. Because now everyone in the WORLD knows exactly what companies, what media, what GOVT….and the names of everyone involved. Your school principal, your local Walmart, your local bank, your local MP and MLA……they are ALL PART of this GLOBAL TAKEOVER of democracy and citizenry…..

Well I have news for all you TRAITORS reading this….millions and millions of us will not go down without a fight. Good luck.


September 16, 2020 - 5:09 pm

Fake News

Even stupid people should be waking up now.


Leave a Reply