Unlike the CBC, neither CTV nor CTV News receives any subsidies from the government. In fact, we're required to spend at least 30% of our annual revenue each year—which amounts to $1.2 billion since 2011—on Canadian programming expenditures. At the same time as all of this, we are losing $185 million a year on our television operations, including a loss of $40 million on news alone.
On October 10th, 2024. See this statement in context.