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CBC cites role of ‘financial crisis’ on final day of CRTC hearing

News | 11/30/2012 10:05 pm EST

GATINEAU, Que.—CBC/Radio-Canada's call for more regulatory flexibility in its broadcasting licences is necessary to deal with an internal “financial crisis” brought about since the Conservative government’s spending-cutting budget was announced last March, said Hubert T. Lacroix, president and CEO of the public broadcaster.

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