Friday, 22 June 2012

SiriusXM Seeks to Lower Canadian Content Contributions

SiriusXM Seeks to Lower Canadian Content Contributions
Jun 21, 2012
Satellite radio provider SiriusXM Canada wants to reduce its contributions to Canadian content development.
The Toronto-based satellite radio company was scheduled to present in a hearings scheduled for today by the Canadian Radio-television and Telecommunications Commission to have its current licence renewed.

The licence expires August 31; it was first issued in 2205 and this is the first licence hearing since then. “Sirius XM Canada has been losing money at a disturbing rate,” the company says in a filing to the CRTC.
It wants the CRTC to amend its licence conditions so that it pays a terrestrial radio type rate of 0.5 per cent, not its current rate of about 5 per cent, that paid by cable operators.
The CRTC wants Sirius to address some other issues, however. It has asked the company for details of how it spent monies on Canadian Content Development (CCD) and its contributions to the development of Canadian musical talent

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