In the latest annual report, the CBC asked whether it could remain sustainable without the help of more Canadian tax dollars. In 2016, the Federal budget allocated $675 million to the state broadcaster, however, it seems this is not enough to keep the CBC above water.
In their annual report, the CBC blamed the atrophy of the media industry for their ills. They further stated that the crown corporation would likely have to reduce their services.
The CBC’s English-language programs ad revenues fell 37 percent and the French-langauge programs’ revenues fell by three percent, spelling unaccounted, million dollar losses.