Ottawa needs to do more to help the media industry, Globe publisher tells finance committee GlobePolitics
This translation has been automatically generated and has not been verified for accuracy.The print media need extra sources of federal funding, as well as a new deal with foreign internet companies, to survive the economic shock brought on by the COVID-19 pandemic, the publisher of The Globe and Mail has told MPs.
“Let’s be clear, the long-term outlook for The Globe and many others has darkened because of the pandemic. Print-advertising revenue – once the backbone of newspapers – will go into accelerated decline,” Mr. Crawley said.He added that The Globe has forgone potential revenue during the crisis by providing free access to news stories and columns on the novel coronavirus instead of putting them behind its paywall.
Mr. Crawley said The Globe has fared better than other newspapers because it relies relatively less on advertising and more on subscriptions. Still, he asked for increased federal advertising in newspapers, a rebate on printing expenses and a subsidy on the cost of using the national news agency, The Canadian Press.
Unifor president Jerry Dias backed the call for a greater contribution from foreign platforms to the Canadian news industry, saying Ottawa needs to follow the lead of other countries.
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