40 TV outlets, 200 radio stations face closure in Canada

  • The outlets have been facing intense financial pressures under the COVID-19 pandemic and could shut down in three years, says Canadian Association of Broadcasters.
  • Cumulative projected revenue shortfall of private TV and radio broadcasters is nearly C$ 1.06 billion by 2022- end.
  • Nearly 50 private radio broadcasted could wind up in next four to six months and another 150 could go under in the following 18 months, leading 2,000 job losses.
  • Forty of 94 private TV broadcaster in Canada's likely to close in one to three years.

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