Most vulnerable are the country's AM radio stations, the report said, as well as other independent private radio and TV operations in smaller markets across the country. Private radio ad revenues are expected to be $383 million below last year, it said. The report's projections suggest that without further government support those declines could mean as many as 50 private local radio stations go out of business over the next four to six months. Another 150 radio stations could topple in the 18 months that follow, it said, leading to as many as 2,000 job losses. TV stations not immuneTV stations could risk a similar fate with roughly 40 of Canada's 94 private TV broadcasters in danger of closing within one to three years, the research predicts.

Source: CBC News August 26, 2020 16:07 UTC