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6 D e c e m b e r 7 ' 1 7 H A N N A / C o r o N A t i o n / S t e t t l e r , A b . E C A r e v i e w<br />
V I E W P O I N T S<br />
The opinions expressed are not necessarily<br />
the opinions of this newspaper.<br />
<br />
Guest Editorial<br />
Is celebrity gossip<br />
your ‘local news’?<br />
Is celebrity gossip your ‘local news’?<br />
Ottawa seems to think so.<br />
Hockey news, fashion tips, TV and<br />
movie listings, retirement strategies,<br />
updates on Celine Dion—all of this<br />
information now constitutes local<br />
media—at least according to federal<br />
Heritage Minister Mélanie Joly.<br />
Last week marked a black spot in the<br />
history of Canadian newspapers with<br />
the closure of three dozen papers,<br />
taking out of circulation three million<br />
copies of printed newspapers each<br />
week and eliminating more than 300<br />
jobs.<br />
Joly’s response in Ottawa was a<br />
refrain that she has been using more<br />
and more lately, saying the federal government<br />
is already helping news<br />
providers. “We value the importance of<br />
journalism and that’s why we invest<br />
up to $75-million per year in local<br />
media,” she said.<br />
“<br />
And how on earth<br />
does giving a subsidy to a<br />
promotional magazine for<br />
a TV channel qualify as<br />
support for local media?<br />
This is true only if you use a definition<br />
of “local media” unlike any other<br />
ever attempted.<br />
The minister was referring to the<br />
Aid to Publishers program, through<br />
which the federal government provides<br />
annual grants to printed publications—magazines<br />
and subscription<br />
based non-daily newspapers—primarily<br />
to help with distribution costs.<br />
Many Canadians will be surprised<br />
by who is getting this support for<br />
“local media.”<br />
Figures from the 2014-15 fiscal year<br />
show:<br />
The Hockey News, which primarily<br />
covers the NHL, got $1.3 million.<br />
TVHebdo got $1.5 million. It provides<br />
TV listings in French and is<br />
owned by the same company as the<br />
TVA television network in Quebec.<br />
TV Week, which provides TV listings<br />
in British Columbia, got $1<br />
million.<br />
Allo Vedettes, which provides<br />
Quebec celebrity news and often features<br />
Celine Dion on the cover, got<br />
$218,721.<br />
Good Times, a magazine aimed at<br />
retirees, got $588,531.<br />
Flare magazine got $408,236;<br />
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Published by<br />
Coronation<br />
<strong>Review</strong><br />
Limited<br />
Chatelaine got $1.5 million for its<br />
English edition and $848,428 for its<br />
French one.<br />
Movie Entertainment got $1.5 million.<br />
It is produced for subscribers to<br />
the paid TV channel The Movie<br />
Network, owned by Bell Media.<br />
The <strong>ECA</strong> <strong>Review</strong> got $000,000. No,<br />
that’s not a typo. Because the <strong>ECA</strong><br />
<strong>Review</strong> is a total market coverage free<br />
newspaper we get zero dollars.<br />
This is a snapshot of one year. The<br />
same publications get large grants<br />
year after year. Publications such as<br />
Maclean’s get the maximum $1.5 million<br />
annually. Chatelaine, which gets<br />
money for both its English and French<br />
editions, has received $19.3 million in<br />
the past eight years. Movie<br />
Entertainment has received $11.3 million<br />
in the same period.<br />
The list goes on and on to hundreds<br />
of magazines that get federal funding.<br />
It raises all sorts of questions.<br />
Why does a TV book distributed by<br />
a broadcaster qualify for funding<br />
when a TV guide distributed in a<br />
daily newspaper does not? And how<br />
on earth does giving a subsidy to a<br />
promotional magazine for a TV<br />
channel qualify as support for local<br />
media?<br />
The simple fact is that the Aid to<br />
Publishers program mostly supports<br />
magazines, an industry that, for the<br />
most part, does not have a viable<br />
business model without public<br />
subsidies.<br />
Many community newspapers get<br />
money, but relatively little. Those affiliated<br />
with NewsMedia Canada got<br />
between $3,301 and $<strong>12</strong>4,252 in 2014-15,<br />
and averaged $25,831, less than two per<br />
cent of what The Hockey News<br />
received. Daily and free distribution<br />
newspapers are not eligible.<br />
Overall these community papers got<br />
about $7.8 million of the $68.9 million<br />
handed out. Some went to ethnic, farm<br />
and religious publications. The<br />
Catholic Register got $403,355; The<br />
Western Producer got $1.2 million.<br />
The bulk—$53.4 million—went to<br />
magazines. Some individual magazine<br />
companies get more per year than all<br />
community newspapers combined.<br />
TVA Publications got about $7.5 million<br />
this year, as did Transcontinental<br />
Media. Rogers Media, publisher of<br />
Chatelaine, Maclean’s and other magazines,<br />
got $8.9 million in 2016.<br />
Reader’s Digest got $3 million this year<br />
for its related publications.<br />
The Aid to Publishers program is<br />
being revamped. It’s unclear what the<br />
new qualification criteria will be or<br />
whether the program will get any<br />
more money.<br />
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On The Other Hand<br />
It’s just wrong!<br />
by B.P. Schimke<br />
The demise of Sears Canada was an<br />
unnecessary happening and I would<br />
argue had little to do with Amazon but<br />
everything to do with mismanagement<br />
and greed.<br />
There was a very big winner in the<br />
demise of Sears Canada and that was<br />
American billionaire and hedge fund<br />
manager, Ed Lambert.<br />
If any company should have succeeded<br />
eking out a niche in on-line<br />
sales, it would have been Sears who,<br />
with its catalogue, was truly the forerunner<br />
to e-commerce.<br />
Sears over the years had a number<br />
of ‘stay-the-course’ American CEO’s<br />
which put the retail giant behind the<br />
eight ball. But in 2011, successful<br />
Loblaws’ senior executive, Calvin<br />
McDonald, a Canadian, was hired with<br />
a new, progressive vision for Sears.<br />
Soon after his arrival, sales began to<br />
tick upwards. But innovation takes<br />
investment and he soon learned that<br />
his Board had little interest in innovation<br />
or investment.<br />
He left in 2014 after overseeing the<br />
sale of many valuable assets and yet<br />
seeing little re-investment.<br />
In reality the final nail in the coffin<br />
for Sears came in 2005 when hedge<br />
fund manager, Ed Lambert, became<br />
the controlling owner.<br />
Allowing hedge fund managers to<br />
become majority owners in an ongoing<br />
business is akin to putting the<br />
fox in charge of the hen house. In economic<br />
terms, hedge fund managers<br />
are “rent seekers” not “value<br />
creators”.<br />
In the same way the fox is going to<br />
watch the chickens closely until they<br />
are all eaten, hedge fund managers<br />
watch over stripping everything “cashable”<br />
out of a going-concern company.<br />
The fox has eaten the chickens and<br />
the farmer ends up with nothing but<br />
feathers.<br />
The American hedge fund manager<br />
Alberta Press Council<br />
Do you have a concern or<br />
complaint about a<br />
newspaper article or ad?<br />
If after bringing your<br />
concerns to the attention of<br />
this newspaper, you are not<br />
satisfied, you may contact<br />
the Alberta Press Council at<br />
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or toll free in Alberta at<br />
1-888-580-4104 for<br />
information.<br />
has eaten away Sears’ on-going viability<br />
leaving behind employees with<br />
nothing and debtors with little.<br />
Mr. Lambert, in 10 years, stripped<br />
$2.7 billion out of Sears Canada into<br />
two funds that he controlled. He and<br />
his board of directors, I would argue,<br />
knowingly caused <strong>12</strong>,000 hardworking<br />
Canadians to lose their jobs.<br />
In their greed, they didn’t even have<br />
the decency to leave enough behind to<br />
provide severance pay.<br />
Most tragic, those long-term<br />
employees who have been paying into<br />
a pension plan have nothing for their<br />
retirement years.<br />
It’s just wrong!<br />
What story is going to convince<br />
those on the political right about the<br />
need for government to play a larger<br />
role in this complicated international<br />
marketplace?<br />
Surely the Sears’ case highlights a<br />
problem of “rent seeking” entities<br />
hiding behind limited liability and foreign<br />
ownership to screw the middle<br />
class out of their livelihood and<br />
retirement.<br />
The private sector, specifically the<br />
corporate elite and foreign owners,<br />
have no interest in the public good.<br />
Why do we continue to trust these<br />
corporations more than our elected<br />
government?<br />
It’s just wrong.<br />
In Canada we still have a law that<br />
holds directors of corporations personally<br />
liable for all statutory deductions<br />
(taxes, CPP and EI).Bankruptcy does<br />
not free them of this obligation.<br />
It is long overdue for a similar provision<br />
to be enacted where directors and<br />
principal owners are held personally<br />
liable for pensions, unpaid wages and<br />
severance pay.<br />
If it’s fair to protect the government<br />
from shysters, surely it is equally fair<br />
to protect hardworking employees<br />
from billionaire bankruptcy-promoting,<br />
“rent seeking” shysters!<br />
Joyce Webster<br />
Publisher/Editor<br />
publisher@<strong>ECA</strong>review.com<br />
YvoNNe tHulien<br />
Manager<br />
office@<strong>ECA</strong>review.com<br />
Gayle Jaraway<br />
Marketing 403-578-4111<br />
advertise@<strong>ECA</strong>review.com<br />
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Circulation Manager<br />
LiSA Myers-sortlAND<br />
Graphic Artist<br />
LISA Joy<br />
Marketing/Reporter 403-3<strong>07</strong>-3398<br />
contact@<strong>ECA</strong>review.com<br />
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