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CBC budget cut by $115M over 3 years
Federal government cuts will mean the CBC loses $115 million in funding over three years, according to the budget released Thursday.
The public broadcaster will see more than 10 per cent taken from its current $1.1-billion budget as part of a $5.2-billion cut to federal spending over three years.
A $60-million programming fund that was renewed annually will now be included in the CBC's total budget.
As part of the government's plan to cut spending, all federal departments, agencies and Crown corporations had to submit budgets showing five per cent and 10 per cent cuts.
http://www.cbc.ca/news/politics/story/2012/03/29/federalbudget-flaherty-cbc-cuts.html
Mar 29, 2012 5:17 PM ET
