G&M: The federal government has clearly signalled that it will offer only a limited financial package for the media industry in Tuesday's budget, prompting a major lobby group to take its campaign for assistance to the provincial level.
Federal officials, who spoke about the coming budget on the condition of anonymity, said there will be no measures designed to extract revenues from major foreign-based internet companies or any changes to the treatment of advertising under the Income Tax Act.
A senior federal official said the government is looking to provide $10-million a year over five years to fund local journalism through an arms-length organization in a bid to preserve journalistic independence. In particular, sources said that the government wants to promote journalism in local and community news organizations.
Federal officials, who spoke about the coming budget on the condition of anonymity, said there will be no measures designed to extract revenues from major foreign-based internet companies or any changes to the treatment of advertising under the Income Tax Act.
A senior federal official said the government is looking to provide $10-million a year over five years to fund local journalism through an arms-length organization in a bid to preserve journalistic independence. In particular, sources said that the government wants to promote journalism in local and community news organizations.
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