Canadian Publishing Industry News
24 February 2020,     OTTAWA
Periodical Fund Includes Digital- Only Magazines
Supporters of the changes to the Canadian Periodical Fund
Supporters of the changes to the Canadian Periodical Fund
 In the modernized Canada Periodical Fund (CPF) administered by the Department of Canadian Heritage, the amount of money a magazine receives from the fund will be based on a combination of the magazine’s investment in creating Canadian content, as well as the magazine’s verified annual print circulation. The modernized CPF also includes a new digital magazine component that supports digital-only magazines. This support allows Canadian magazine publishers to publish Canadian content in English, French, the languages of Indigenous peoples, and more than 30 other languages in the face of steep competition from magazines published in other countries and from other media.
Magazines Canada, the Alberta Magazine Publishers Association and the Magazine Association of BC applaud the federal government’s continued support for innovation in the magazine sector and ensuring that the industry remains globally competitive in today’s digital environment. Magazines Canada  magazine  thanks the Minister of Canadian Heritage,for modernizing the Canada Periodical Fund (CPF) and putting an emphasis on the creation of Canadian content. 
 
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