Finances at CBC spelled h-o-c-k-e-y
Sep. 28, 2012
The network will not divulge losses from this season’s NHL lockout, but the outlook is dark. CBC president Hubert Lacroix last week characterized the loss as ‘a cash flow challenge.’
PARLIAMENT HILL—No matter how you scramble finances at the Canadian Broadcasting Corporation, it spells h-o-c-k-e-y. The viability of the whole enterprise rests on the national pastime. In 1959, CBC released a financial audit of its television programs. That would be unthinkable today; such information is closely guarded and proprietary. At the time, CBC monopolized television—no other network could get a licence—and broadcast shows of uneven appeal. American imports like The Perry Como Show and Father Knows Best
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