Canadian Magazine Industry News
9 September 2010,     CANADA
Canadian Heritage announces results of Canada Periodical Fund grants
The grant data for the inaugural year of the Canada Periodical Fund has been released, with 484 titles receiving $52.7 million.

Amounts range from the highest, $1.5 million to the lowest, $386. The Canada Periodical Fund replaces the Publications Assistance Program and Canada Magazine Fund.

Five magazines received the maximum grant amount, they are:
Canadian House and Home
Canadian Living
Reader’s Digest

Though they received the maximum amount, these magazines took a big hit under the new program, as expected. Here’s how much they lost, based on the last year for which grants were listed (2008-2009) on the Department of Canadian Heritage website:

Maclean’s: $1.45 million less under the new regime

Canadian Living: $1.36 million less

Chatelaine (English only): $1.2 million less

Reader’s Digest (English edition only): $728,558 less

Canadian House & Home: $123,492

The average grant publications received was $108,820. Magazines which received more than $1 million under the Canada Periodical Fund, including the top five are:

Châtelaine (French): $1,236,251
Coup de Pouce: $1,426,187
Movie Entertainment: $1,292,492
Primeurs: $1,103,183
Style at Home: $1,349, 466)
TV Hebdo: $1,157,100

As Masthead reported earlier
, many small magazines were shut out of funding because of the rule which disqualified titles with less than 5,000 paid copies per year. Many of these publications also receive funding from arts councils, but the Canada Council did not close the gap between what these publications lost under the Canada Periodical Fund and what they receive from the Canada Council.

Though the top five large magazines lost out under the new program, some of their parent company's smaller titles came out ahead. Here is a list of many titles which are receiving more than under the PAP and CMF.

Canadian Business
: up $64,000
Clin d'oeil: up $44,168
Cottage Life: up $28,139
Fashion: up $48,193
Flare: up $62,000
: up $20,248
Homemaker's: up $169,450
MoneySense: up $54,705
Toronto Life : up $36,870
The Walrus: up $44,065

Stay with Masthead for more on the results of the Canada Periodical Fund.

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