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.

Thursday, April 27, 2017

CBC Loses $35 Million On The Olympics

CBC TV has struggled ever since it lost NHL hockey to Rogers in 2013. Sports, especially hockey, have always been the CBC's fallback programming strategy and when Rogers swooped in and paid billions for the NHL, the dazed CBC responded like a concussed defenceman. To compensate, CBC acquired the rights to the 2014 Sochi and 2016 Rio Olympics and even before the 2016 games were in the books, the public broadcaster agreed to pay the IOC until 2024.

CBC management said that the Olympics would "break even" or "make a small profit" and that the decision was "fiscally responsible." Did CBC make a good business decision for taxpayers, its 'shareholders'?

Did the games break even or make a profit? CRTC data on CBC ad revenues show that the Olympics had a relatively modest impact on revenues in 2016. CBC English increased revenues by some $45 million in 2016 and the French network had basically no increase. So, overall, in 2016 the Olympics cost the CBC $80 million and generated incremental revenues of only about $45 million, creating a net loss of some $35 million.

Read the full story here.

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