Sad news from CPAC this week. PrimeTime Politics host Michael Serapio and 11 other CPAC employees have been fired as the not-for-profit parliamentary affairs channel cancels its two flagship programs, PrimeTime Politics and L'Essentiel.
The CBC has more:
It cited "accelerating revenue decline," an uncertain broadcasting landscape and delays in modernizing the broadcast system in a release announcing the cuts Tuesday.
The move comes shortly after the federal broadcast regulator increased CPAC's funding. President and CEO Christa Dickenson said that wasn't enough to make up the shortfall.
Dickenson said in an interview CPAC "did forecasting over and over and over again," both with the increase and without it, and "in order to be able to navigate the next couple of years, we came to the conclusion that this was inevitable and had to be done."
It's been a tough week for Canadian journalists with the Yahoo Finance news from Monday.
