Global consolidation will gobble up Canadian broadcasters, says author
News | 06/20/2003 4:00 am EDT
An influential media analyst has harsh words for Canada’s broadcasters, which have recently cried poor over their inability to replace government funding with private resources to create domestic drama – despite spending billions on convergence gambles. Gordon Pitts, author of Kings of Convergence: The Fight for Control of Canada’s Media, argued in his keynote speech at the Banff Television Festival that it was time for Canada’s media moguls "to invest in and create new and imaginative content." (CCR, Nov. 7/02). He also warned that changing media ownership rules in the United States could result in Canadian broadcasters becoming an endangered species in the face of global consolidation and deregulation.