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Potential cost to Canada for privatizing the CBC: $1.3 billion — report

Public broadcaster a valuable Canadian asset.

Potential cost to Canada for privatizing the CBC: $1.3 billionJune 15, 2011: Kate Taylor and Guy Dixon report for the Globe and Mail that Canada would have much to lose if it were to privatize the CBC. A new study, commissioned by the CBC and prepared by Deloitte and Touche, shows that such a move could cost Canada as much as $1.3 billion in economic activity. Local economies and Canadian talent would also suffer.

"What would Canada lose if the government privatized the CBC? At least $1.3-billion in economic activity, says a report prepared for the public broadcaster by Deloitte & Touche.

With the same analytical method used to measure the value of the BBC to the British economy, the accounting firm provided the CBC with a clearer gauge of the broadcaster's impact on the Canadian production industry and greater economy.

CBC's president and chief executive officer, Hubert Lacroix, described the study as a 'benchmark and a model by which we can start monitoring and understanding even better the economic impact of the decisions that we make...'"

For the complete article, please click here.

Posted: July 07, 2011

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