Two media organizations and an investment in digital media are included in the Federal government’s 2011-2012 budget.
The CBC gets it’s usual $60 million for Canadian programming, and Canada Media Fund (CMF) will receive $100 million to invest in digital initiatives. According to a CMF press release, the government has committed to funding the organization on an ongoing basis, beginning April 1. The money must be spent on “creating digital content across a variety of platforms, Mediacaster reports.
The Financial Post reports that the budget has also set aside money for digital innovation:
“Small- and medium-sized businesses will get $80-million to help them adopt key information and communication technologies through projects with colleges. Another $12-million will support joint college-university commercialization projects.”
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