The small magazine industry was rightfully upset when Canadian Heritage Minister James Moore made the decision along with his coworkers to collapse two of the major funding sources of Canadian magazine, (Canada Magazine Fund, and the Publication Assistance Program), into one single program, The Canada Peridocal fund. It was stated that likely, magazines with a circulation of under 5000 will be cut off from funding. Since many literary arts magazines rely heavily on this funding, and have circulation under 5000 copies, this could mean the death of this magazine genre in Canada. Furthermore, Canada Post has withdrawn its $15 million contribution it has formerly made to PAP. In response the Federal government plans to pay $30 million over the span of two years to try and compensate.
How do you feel about these changes? Please comment.
