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“Orgy of self-indulgence” to blame for broadcasters’ financial woes: ACTRA

News | 04/07/2009 4:39 pm EDT

The CRTC should not use its regulatory might to bail out CTV Inc., Canwest Television Ltd, and Rogers Broadcasting Ltd. for financial woes that have been largely self-inflicted, warns Canada’s actors, producers and screen writers. One union blames the problem on an “orgy of self-indulgence” that has seen private broadcasters spending too much on U.S. programming and taking on debt to finance acquisitions.

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