If a company chooses to shift more of its Canadian program funding into local news, the company must keep all of its local TV stations on the air. Several news organizations, including the CBC, had asked the CRTC to come up with new ways to help struggling local TV newsrooms. Industry-wide concerns were raised in 2012, when the CRTC announced it would be ending the Local Programming Improvement Fund. The $100-million fund was created in 2008 to help local TV newsrooms struggling with declining advertising revenues during the global economic downturn. But advertising revenue streams have been flowing into digital news outlets and away from traditional TV stations, forcing them to cut hundreds of jobs to remain profitable.

Source: CBC News June 15, 2016 18:17 UTC