OTTAWA – Saying he is "sufficiently assured" that change is in the works with the Canadian Television Fund, Jim Shaw told the Standing Committee of Canadian Heritage this morning "we will restore our payments," to the CTF.
As reported by Cartt.ca, Shaw began withholding its $5 million a month in monthly payments to the $250 million annual fund, saying the fund is not accountable, pays for too few shows that are success stories and that too much money goes towards programs that appear on the CBC.
Shaw’s regulatory head Ken Stein said that the CTF funding, when established over 11 years ago, was supposed to help build on Canadian content produced by Canadian broadcasters but instead "it has replaced, not expanded their own spending on Canadian programming."
The CEO also added that part of the reason funding is being restored is "so that we will not destabilize the Canadian production industry."
