The Canadian Media Guild is warning that the CBC faces cuts of up to $50 million as a result of a cost savings program initiated by the federal government. In a statement, Lise Lareau, national president of the Canadian Media Guild, says under the government’s strategic review program, under which all departments are supposed to find savings amounting to 5% of spending, the public broadcaster is likely to be affected negatively. Lareau says the $50 million cut is likely to exacerbate the CBC’s finances since it comes on top of the $200 budget pressures facing the public broadcaster. The CMG will be testifying before the Commons committee on Canadian heritage this afternoon, where it hopes to inform MPs of the expected cuts, which the Guild says came to light on Friday last week. The Heritage committee is currently conducting a study into the financial woes facing broadcasters.