CBC faces further cuts of up to $56M in 2010

[CHIMO]

CBC could be facing a cut of up to five per cent, or $56 million, from its parliamentary appropriation in the 2010-2011 fiscal year.

That reduction would come on top of a funding shortfall this year of $171 million as a result of a decline in ad revenue.

The federal government has set a target of reallocating expenses by five per cent under its strategic review of government departments and Crown corporations.

The strategic review program, begun in 2007, requires all departments and Crown corporations to look at their spending once every four years, according to a spokesman for the Treasury Board.

http://www.cbc.ca/arts/media/story/2009/05/11/cbc-strategic-review.html
Last Updated: Monday, May 11, 2009 | 6:10 PM ET