Bell Media calls decision to cut local TV subsidy "a major concern"

Bell Media has called the decision to phase out the Local Programming Improvement Fund “A major concern”.

Bell vice president and chief legal and regulatory officer Mirko Bibic says the local TV industry is under immense financial pressure.

“We’re analyzing the new model and its financial impact on Bell and Bell Media,” Bibic said.

“There’s no doubt, however, that local stations in small and medium-sized markets will receive significantly less revenue.”

Bell believes at least six of their smaller stations could be axed due to the subsidy cut.

Last year 80 TV stations received a share of the $106 million provided by the subsidy.

Source: canadianbusiness.com

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