Thursday, October 23, 2025

Latest

CBC/Radio-Canada Widens Loss In 2023 Despite $1.27 Billion In Gov’t Funding

National public broadcaster CBC/Radio-Canada just dropped on Wednesday its annual financial results for 2022-2023, period ending March 31, 2023. The firm finished the fiscal year with a net loss of $125.1 million, a decline from last year’s net loss of $92.1 million.

The decline can be attributed to lower revenue, yielding $515.6 million for the year compared to last year’s $651.4 million, a decline of 20.9%.

The loss for the year is driven by around $1.91 billion in operating expenses, which is relatively a decline from last year’s $2.01 billion.

For the recent annual period, it received around $1.27 billion in government funding, an increase from last year’s $1.24 billion. The difference is mainly due to a transfer from 2021-2022 operating funding to 2020-2021 of around $36.7 million, and a lower amortization of deferred capital funding in the recent year.

“2022–2023 marked a milestone year for CBC/Radio-Canada. We initiated a series of projects and strategies aimed at maintaining high-quality journalism, responsible and transparent business practices, and equity, diversity and inclusion in both our programming and our workforce,” the firm said in a statement.

Among these initiatives, the firm highlighted “NotOk”, a resource guide to “help journalists and newsrooms manage the emerging threat of online harm,” as well as its National Accessibility Plan and the development of its National Indigenous Strategy “designed to ensure that [they] are truly reflecting contemporary Canada in the stories.”


Information for this briefing was found via CBC News and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Heritage Minister Set to Unveil CBC Modernization Plan and Maybe A New CEO

The Canadian government is set to announce significant changes to CBC/Radio-Canada’s mandate in the coming...

Friday, October 4, 2024, 07:50:24 AM

CBC Host Says He Was Forced Out Over Editorial Disputes

CBC television host Travis Dhanraj announced Monday he was compelled to leave Canada’s public broadcaster...

Tuesday, July 8, 2025, 12:13:00 PM

Pierre Poilievre Calls on Elon Musk to Label CBC as ‘Government-Funded Media’

Conservative Party leader Pierre Poilievre is calling on Twitter CEO Elon Musk to slap a...

Wednesday, April 12, 2023, 03:29:00 PM

CBC Returns to Twitter, Says It Will Resume Posting for Some of Its Accounts

CBC-Radio Canada announced on Tuesday that the network, on “a handful of Twitter accounts,” will...

Wednesday, May 10, 2023, 04:41:00 PM

CBC Gets Another Payday As Parliament Remains Suspended

Canada’s Governor General has authorized $40.3 billion in government spending, including $178.1 million for the...

Monday, April 14, 2025, 02:14:00 PM