Saturday, July 13, 2024

CBC down billions after losing rights to Hockey Night in Canada

The CBC no longer has the rights to their highest rated program—Hockey Night in Canada. This is a big loss for CBC and will cost them over $2 billion throughout twelve years, according to Blacklock’s Reporter

The information was provided through an internal federal memo. Though the company’s ad revenues have been falling, in a confidential report, CBC noted that it continues to be “the cornerstone of culture and democracy.” 

Last year, in a briefing note for Pablo Rodriguez, the previous Heritage Minister, CBC staff wrote, “CBC Television lost its long-standing flagship sports broadcast Hockey Night In Canada which had been part of the broadcaster’s programming lineup for fifty-five years.”

The contract was bought by Rogers Inc. in 2013 and cost the communications company $5.2 billion. The contract is good until 2026.

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