Friday, September 30, 2022
HomeBusinessCBC receives $1.2 billion corporate welfare every year.

CBC receives $1.2 billion corporate welfare every year.

When people think of welfare, they all think the same thing. A cheque given to someone living on social assistance. This isn’t to far from the meaning of corporate welfare. The only difference is these corporations that get subsidies from the government get large amounts.

Take CBC for example. The CBC is given $1.2 billion very year to keep them a float. You might think this is great because it’s the government keeping a Canadian company in business. CBC has reported steady revenue loses of 53% between 2014 and 2019 long before the COVID-19 pandemic.

Previous reports have shown that very few Canadians actually engage with the broadcaster at all, about 4% of Canadian regularly watch CBC TV in 2019 and only 0.8% tune into its evening newscasts.

We’re asking readers, like you, to make a contribution in support of BC Rise's fact-based, independent reporting.

Unlike the mainstream media, BC Rise isn’t getting a government bailout and fully independent. Instead, we depend on friendly support of Canadians like you.

A media outlet cannot remain neutral and fair if they have special beneficiaries or government handouts.

This is why independent media in Canada is more important than ever. If you’re able, please make a donation to BC Rise today. Thank you so much.

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