Kinda sad if you ask me
Thunder Bay TV stations surviving on life insurance cash, shutdowns looming
http://globalnews.ca/news/2481036/t...ing-on-life-insurance-cash-shutdowns-looming/
Thunder Bay, Ont., could see both its local TV stations sign off for the final time Sept. 1. The stations are currently in the red and running on funds from life insurance policies, not revenue, Don Caron, vice president and general manager of Thunder Bay Electronics told a Canadian Radio-television and Telecommunications Commission (CTRC) panel in Gatineau, Que., Wednesday.
The reason we’re still operating is that we’re burning those non-broadcast assets to stay in business, awaiting to see if there’s some way we can work out and the Commission can hear our plight of angst, if you will.”
This isn’t a threat, Caron said, it’s simply the reality for Thunder Bay Electronics, also known as Dougall Media. The two stations in jeopardy are CKPR and CHFD – Global Thunder Bay, which has local programming along with Shaw Media content.
The state of local TV has grown increasingly grim as advertising revenues plummet. The change is due to a number of factors, including competition from speciality channels and Internet content providers such as Netflix.
Thunder Bay TV stations surviving on life insurance cash, shutdowns looming
http://globalnews.ca/news/2481036/t...ing-on-life-insurance-cash-shutdowns-looming/
Thunder Bay, Ont., could see both its local TV stations sign off for the final time Sept. 1. The stations are currently in the red and running on funds from life insurance policies, not revenue, Don Caron, vice president and general manager of Thunder Bay Electronics told a Canadian Radio-television and Telecommunications Commission (CTRC) panel in Gatineau, Que., Wednesday.
The reason we’re still operating is that we’re burning those non-broadcast assets to stay in business, awaiting to see if there’s some way we can work out and the Commission can hear our plight of angst, if you will.”
This isn’t a threat, Caron said, it’s simply the reality for Thunder Bay Electronics, also known as Dougall Media. The two stations in jeopardy are CKPR and CHFD – Global Thunder Bay, which has local programming along with Shaw Media content.
The state of local TV has grown increasingly grim as advertising revenues plummet. The change is due to a number of factors, including competition from speciality channels and Internet content providers such as Netflix.