Extra $15 million in CPF funding up in the air, Magazines Canada tells members

Magazines Canada is telling its members that the election call and the fact that the recent budget was never passed may mean 20% less money in the Canada Periodical Fund. The March 22 budget had contained a provision for a $15 million addition to the $60 million fund.The road ahead is not clear but there is a very good chance that, when payments to publishers are made in June or July of 2011,