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Canada Periodical Fund
The Canada Periodical Fund (CPF) provides financial assistance to Canadian print magazines, print community newspapers (non-daily) and digital periodicals. It is a program of the Government of Canada.
The CPF was introduced in 2009 under heritage minister James Moore, a member of the Harper government; it went into effect a year later. It was designed as a replacement for two existing programs: the Canada Magazine Fund (CMF), and the Publications Assistance Program (PAP), a subsidy on the delivery of Canadian periodicals which predated the Confederation of Canada. The fund was initially budgeted at $75.5 million annually, equivalent to the combined funding of the CMF and PAP, most of which was allocated to the publishers of Canadian magazines and non-daily newspapers.
Notable differences between the CPF and the funding previously provided through the CMF and PAP included:
The amount of CPF funding is a function of a title's circulation, though the heritage department has declined to specify exactly how funding amounts are determined.
The fund was not expanded by Finance Minister Bill Morneau and Heritage Minister Pablo Rodriguez to include non-magazine news sources in autumn 2018, despite a proposal by newspaper industry association News Media Canada to do so, ostensibly in response to financial losses suffered by news outlets in Canada.
"A letter urging Parliament to act and addressed to Prime Minister Justin Trudeau" was issued in February 2019 "by an eclectic group of media outlets, including Postmedia, which owns the National Post, Torstar, which publishes the Toronto Star, SaltWire Network, and the CBC among others."
On 22 May 2019, details of a $595-million package of tax credits to aid newspapers were instead announced by Rodriguez.
Eight organisations administer the aid and "define and promote core journalism standards (and) define professional journalism": News Media Canada, the Association de la presse francophone, the Quebec Community Newspaper Association, the National Ethnic Press and Media Council of Canada, the Canadian Association of Journalists, the Fédération professionnelle des journalistes du Québec, the Unifor union, and the Fédération nationale des communications.
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Canada Periodical Fund
The Canada Periodical Fund (CPF) provides financial assistance to Canadian print magazines, print community newspapers (non-daily) and digital periodicals. It is a program of the Government of Canada.
The CPF was introduced in 2009 under heritage minister James Moore, a member of the Harper government; it went into effect a year later. It was designed as a replacement for two existing programs: the Canada Magazine Fund (CMF), and the Publications Assistance Program (PAP), a subsidy on the delivery of Canadian periodicals which predated the Confederation of Canada. The fund was initially budgeted at $75.5 million annually, equivalent to the combined funding of the CMF and PAP, most of which was allocated to the publishers of Canadian magazines and non-daily newspapers.
Notable differences between the CPF and the funding previously provided through the CMF and PAP included:
The amount of CPF funding is a function of a title's circulation, though the heritage department has declined to specify exactly how funding amounts are determined.
The fund was not expanded by Finance Minister Bill Morneau and Heritage Minister Pablo Rodriguez to include non-magazine news sources in autumn 2018, despite a proposal by newspaper industry association News Media Canada to do so, ostensibly in response to financial losses suffered by news outlets in Canada.
"A letter urging Parliament to act and addressed to Prime Minister Justin Trudeau" was issued in February 2019 "by an eclectic group of media outlets, including Postmedia, which owns the National Post, Torstar, which publishes the Toronto Star, SaltWire Network, and the CBC among others."
On 22 May 2019, details of a $595-million package of tax credits to aid newspapers were instead announced by Rodriguez.
Eight organisations administer the aid and "define and promote core journalism standards (and) define professional journalism": News Media Canada, the Association de la presse francophone, the Quebec Community Newspaper Association, the National Ethnic Press and Media Council of Canada, the Canadian Association of Journalists, the Fédération professionnelle des journalistes du Québec, the Unifor union, and the Fédération nationale des communications.