Its 2017: what case can be made for the Government to be in the broadcasting business, competing unfairly with the private sector? The CBC receives advertising and cable/satellite fees-fees greater than CTV and Global but this is not enough for the greedy CBC who also receive more than a billion dollars of your tax money. And now the new Trudeau Government has promised at least an additional $150 million dollars a year to this biased, wasteful government broadcaster. As is, Taxpayers continue to be hosed to the tune of about $100,000,000 (yes, 100 MILLION) of our taxes every 30 days with no CBC accountability to taxpayers as they continue with their biased news service serving only the extreme socialists and anti-Semitics. Wake up Canada!

cbcExposed continues to hear from confidential sources inside the CBC about the "scandal du jour" and we will continue to expose their reports of waste, abuse and bias while we protect our sources. We take joy in knowing CBC-HQ visits us daily to research our stories such as the CBC Sunshine List, ongoing scandals including the epic Dr. Leenen case against The Fifth Estate (the largest libel case ever awarded against the media in Canadian history) where no one at CBC was fired and taxpayers paid the award and legal costs for this CBC Libel action. Writers and filmmakers take note-this is a Perfect story for a Documentary!

cbcExposed continues to enjoy substantial visitors coming from Universities and Colleges across Canada who use us for research in debates, exams, etc. We ask students to please join us in this mission; you have the power to make a difference! And so can private broadcasters who we know are hurting from the dwindling Advertising revenue pool and the CBC taking money from that pool while also unfairly getting Tax subsidies money. It's time to stop being silent and start speaking up.

Our cbcExposed Twitter followers and frequent visitors to cbcExposed continue to motivate us to expose CBC’s abuse and waste of tax money as well as exposing their ongoing left wing bully-like news bias. Polls meanwhile show that Canadians favour selling the wasteful government owned media giant and to put our tax money to better use for all Canadians. The Liberals privatized Petro Canada and Air Canada; it’s time for the Trudeau Liberals to privatize the CBC, not give them more tax money.

What does it take for real change at the CBC? You! Our blog now contains a link to the Politicians contact info for you to make your voice heard. Act now and contact your MP, the Cabinet and Prime Minister ... tell them to stop wasting your money, and ... sell the CBC.

Tuesday, September 22, 2015

Exposed - was NHL a CBC Cash Cow?

The following numbers were taken from the most recent quarterly financial reports as published by the CBC (for the 3 months ended June 30, 2015):

Revenue:

$118,521,000 - same period in 2014 was $192,592,000 ... a decrease of 38.5 %

Excuse:  After Rogers acquired the NHL broadcast rights in June 2014, no revenue was generated from hockey playoffs during the first three months of this year, largely contributing to the decrease in English Services’ revenue. 

Operating Expenses:

$364,808,000 - same period in 2014 was $469,521,000 ... a decrease of 22.3 %

Reason: English Services incurred rights and production costs related to the hockey playoffs during the first quarter of last year. No such costs were incurred in 2015-2016, as our contract with the NHL ended at the end of June 2014.

Bottom line:  There is a whopping 38.5 % decrease in revenue (contributed to loss of NHL) and a corresponding decrease in Operating Expenses of a much lower 22.3 % (again associated with the loss of NHL).   

Was the NHL as big a cash cow for the CBC as this indicates?  Why sell it?

Read the full report here.




No comments:

Post a Comment