Quebecor Media Welcomes Canadian Heritage's Response to Governance, Funding and Policy Issues at Canadian Television Fund
10 3월 2009 - 1:41AM
Marketwired
Quebecor Media welcomes the positive response from the Honourable
James Moore, Minister of Canadian Heritage and Official Languages,
to problems of governance, funding and policy at the Canadian
Television Fund (CTF). The announced changes will enable the new
Canada Media Fund to focus on quality, successful Canadian content.
"We now have reason to think that the necessary conditions will
be created to promote the development of a strong and creative
production industry that is capable of claiming a place in what has
become a fiercely competitive international environment," said Mr.
Pierre Karl Peladeau, President and Chief Executive Officer of
Quebecor. "We have criticized, on more than one occasion, the CTF's
governance structure, the main effect of which has been to protect
the interests of beneficiaries rather than to promote the financing
of quality content that can attract large audiences and be
distributed on all available platforms."
The creation of a Board of Directors on which all funding
bodies, including Canadian Heritage, are represented will provide
Canadians with better guarantees that the money will be spent more
effectively, more transparently and in a manner that is more
consistent with public policy.
"We don't produce or broadcast content in order to meet quotas
or regulatory requirements; we do it because we believe in the
ability of our creative people and the new generation of creative
talent to produce content that meets the needs and expectations of
Canadians," said Mr. Peladeau. "Private general-interest television
is in crisis, as the CRTC itself recognizes. A Canadian fund driven
by performance- and quality-related criteria is a positive
development, one which should guide the Commission's future
decisions."
While today's announcement does not solve every problem,
Quebecor Media looks forward to the upcoming creation of the new
Canada Media Fund and intends to work actively with all
stakeholders to ensure that every dollar spent is invested with a
view to producing and broadcasting content that Canadians want.
Quebecor Media Inc. is a subsidiary of Quebecor Inc. (TSX:
QBR.A)(TSX: QBR.B), a communications company with operations in
North America, Europe and Asia. Quebecor Media owns operating
companies in numerous media-related businesses: Videotron Ltd., the
largest cable operator in Quebec and a major Internet Service
Provider and provider of telephone and business telecommunications
services; Sun Media Corporation, the largest publisher of
newspapers in Canada; TVA Group Inc., operator of the largest
French-language over-the-air television network in Quebec, a number
of specialty channels, and the English-language over-the-air
station Sun TV; Canoe Inc., operator of a network of English- and
French-language Internet properties in Canada; Nurun Inc., a major
interactive technologies and communications agency with offices in
Canada, the United States, Europe and Asia; magazine publisher TVA
Publishing Inc.; book publisher and distributor Quebecor Media Book
Group Inc.; Archambault Group Inc. and TVA Films, companies engaged
in the production, distribution and retailing of cultural products;
Le SuperClub Videotron ltee, a DVD and console game rental and
retail chain; and Quebecor MediaPages, publisher of print and
online directories.
Contacts: Quebecor Media Inc. Isabelle Dessureault 514-380-7501
isabelle.dessureault@quebecor.com
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