The Commission is launching a "public consultation" to explore using money being sucked out of foreign streamers to help fund local radio news, which has taken a big hit in many smaller markets.
As outlined in their press release:
"The fund will be administered by the Canadian Association of Broadcasters and will be available to stations outside of Montreal, Toronto, Vancouver, Calgary, Edmonton, and Ottawa-Gatineau."
So the big stations won't benefit but those in smaller markets could. The deadline for submissions on this is very short - comments must be in by December 4, 2024. a month from now.
My concern with this is that if they do it, how will they ensure the money goes to where it's supposed to? I can easily see station owners siphoning off these funds for other things, including increasing the bottom line. How can they be sure that doesn't happen? What guarantee is there that it will actually go to local news?
CRTC Notice of Consultation