Canadian Magazine Industry News
16 July 2012,     OTTAWA
Aid to Publishers cheques are in the mail... soon
The letters are arriving and the cheques will soon follow.

Publishers should now be receiving letters regarding their Aid to Publishers (ATP) funding under the Canada Periodical Fund. Pierre Manoni, a spokesperson for the Department of Canadian Heritage that administers the fund, would not give a specific date for cheque mailings, but said those approved for financial aid can expect their cheque "in the weeks that follow".

Publishers will receive their money in a single payment this round, noted Manoni. The maximum financial support that can be received by any periodical for the 2012-13 cycle is $1.5 million, with small circulation magazines receiving the highest funding per copy.

The Heritage spokesperson didn't divulge if any changes are coming for the next round of funding, but said any modifications to the fund will be mentioned in the ATP Applicant Guide 2013-2014 which will be posted on the Canadian Heritage website this fall. 

Almost all eligible publishers saw changes in funding in 2011-12 from the Canada Periodical Fund, but any negative financial impact is being cushioned by a three-year phase-in period.

The anticipated deadline to submit applications for Aid to Publishers funding for the 2013-2014 funding cycle is Nov. 24, 2012. Since Nov. 24 is a Saturday, that deadline will be moved to the first business day beyond that, noted Manoni.
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