Canadian Magazine Industry News
17 February 2009, MONTREAL
Canada Periodical Fund: Big mags the early losers
One of the biggest changes the new Canada Periodical Fund will bring about is the $1.5 million cap in funding an individual magazine can receive. While the limit might increase the share of the $75.5 million pie for small- and medium-sized titles, a handful of the country's largest magazines are already set to lose thousands—and in some cases, millions—in government funding because of the new rule.
Below is a list of titles set to lose out, based on the figures from the 2007-2008 Publications Assistance Program and Canada Magazine Fund lists of recipients:
These "savings" add up to $5.6 million, which, according to the DCH release, will be reallocated to small- and mid-sized titles.
Below is a list of titles set to lose out, based on the figures from the 2007-2008 Publications Assistance Program and Canada Magazine Fund lists of recipients:
Title | Amount received in 2007-08 | Set to lose |
Canadian Living | $3,134,162 | $1,634,162 |
Maclean's | $2,934,671 | $1,434,671 |
Chatelaine | $2,801,665 | $1,301,665 |
Western Producer | $2,156,416 | $656,416 |
Reader's Digest | $1,997,225 | $497,225 |
House & Home | $1,573,638 | $73,638 |
These "savings" add up to $5.6 million, which, according to the DCH release, will be reallocated to small- and mid-sized titles.
Comments (5) Post a Comment
Most Recent News Comment
![]() |
|
Jaded says: | |
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another.... |
Most Recent Blog Comment
![]() |
|
Lorene Shyba says: | |
Full of terrific information, Thanks!... |
Most Read Stories
Special Reports
Masthead Web Edition Archives
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023