And federal documents confirm a $595 million newspaper bailout did not create jobs as promised.
In 2019, Trudeau’s Liberals committed $595 million to hand-selected media outlets while also offering up 15% tax credits for subscribers and payroll rebates for newsroom employees.
The Western Standard analyzed the entire Conservative platform in detail. Read about the hottest items here.
“End Trudeau’s $600 million media bailout,” said the Conservatives.
The grants were in addition to annual subsidies already paid, including proceeds from a $595 million media bailout approved by Parliament in 2018.
Just 578,000 Canadians watched a live CBC broadcast of Emperor Naruhito open the Summer Games according to Numeris, formerly the Bureau of Broadcast Measurement. By comparison...
In fact, there were thousands of continued net loss of jobs, despite publishers' claims of increased readership through the pandemic.
The jobs are being centralized in Toronto.
Layoffs at the Halifax Chronicle Herald occurred even though the publisher received pandemic wage subsidies and payroll rebates under a $595 million media bailout.
The taxpayers' cash was equivalent to more than half of net income for FP Newspapers Inc., publisher of the Winnipeg Free Press and Brandon Sun.