289-548-2544 info@cupe2544.ca

New TV regulations could cost 7,000 Canadian jobs, report warns

New regulations allowing consumers to unbundle cable and satellite TV packages will damage the economy and trigger massive losses in Canada’s programming industry, says a report that calls for a federal review of the changes.

Prepared for media unions and public advocacy groups, the report says the rules will cost nearly 7,000 jobs and $400 million in annual spending on Canadian broadcast content by 2020.

Released Tuesday, the report prepared by consulting firm Nordicity Group and broadcast consultant Peter Miller said spinoff effects on related services will sacrifice another 8,300 positions and subtract $1.4 billion from Canada’s annual GDP.

MORE

Leave a Reply