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this post was submitted on 31 May 2024
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That creates a weird power dynamic where the state could potentially withhold subsidies if it doesn't like what is published. Furthermore, it would provide an easy source of revenue to news and media corporations that are already established and entrenched since they already have the funds to easily handle all the paperwork that would be involved. Additionally, Postmedia accounts for at least 33% of the market by revenue. This is owned by a primarily American corporation. Subsidizing Postmedia would effectively be giving Canadian money to foreign corporations.
What I think needs to happen on a policy-level is that foreign ownership of news media needs to be curtailed and protections must be put in place to prevent larger companies from buying local newspapers. The current players in the news industry need to be broken up. But this isn't something I can change, nor is it even likely, so there's no sense talking about it. I'd much rather focus on something I can do myself to incentivize people to buy a publication.