OMDC tweaks the rules

For those Ontario-based magazines who were going for it, the Ontario Media Develoment Corporation Magazine Fund has issued a couple of eligibility clarifications in advance of its application deadline August 24. [Note: we have edited the notice for clarity]

1. Only commercial revenues count towards the rule that a corporation must derive more than 50% of total revenues from direct magazine sources such as advertising, circulation and subscriptions, including related brand extension of the core business (i.e. trade shows, website, television properties) Small magazines published by not-for-profit corporations who were going to include donations, bequests and the like in their sums, are out of luck.

2. The requirement for 75%+ Canadian editorial content defines such content as text, photographs, graphics, and/or illustrations which are authored or translated by a Canadian citizen or a permanent resident of Canada or adapted or condensed by a Canadian citizen or permanent resident and derived from content created by a Canadian citizen or a permanent resident.