Goldstein also draws attention to another issue: The role of the CBC as a market disruptor that is undermining the evolution of the newspaper industry. Goldstein says the CBC’s online news operation — which employed between 750 and 1,000 journalist and is separate from its billion-dollar broadcast operations — receives at least $100-million a year in annual subsidy. That same online news operation also collected $42.6 million last year in advertising revenue.
Projected over five years, the numbers suggest CBC online will have $750 million in government-sanctioned funding to directly compete with the private media companies that are struggling to survive. There is no policy justification for turning the national public broadcaster into a public online news organization.