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Broadcasters warn of possible closures of radio and television stations across Canada
Ottawa– Private radio and television broadcasters are sounding the alarm about the state of their industry. The industry says the impact of the COVID-19 pandemic could lead to the closure of dozens of stations across the country.
President of Pattison Broadcasting Rod Schween says stations may be in trouble.
“A number of stations are facing negative return so last year for example, 40% of Canadian radio stations saw negative PBIT(Profit Before Interest and Tax), and 70% of Canadian television stations saw negative PBIT.”
“Without immediate action, Canada will see a wave of local television and radio closures over the next three years,” said Lenore Gibson, Chair of the CAB Board of Directors. “This will deny many communities a daily local media voice, and significantly reduce the diversity of news choices and voices in almost every community in Canada.”