BC magazine community dealing with quadruple funding whammy
The decision by the British Columbia government to freeze lottery funds is only the latest blow to magazine publishers in the province.
- Magazines will cost 7% more next July when a harmonized sales tax comes in.
- The funding to the BC Arts Council was cut by 40%, inevitably affecting funding for literary and cultural magazines.
- The former federal support for arts and literary magazines (SALM) is being discontinued and a threhold of 5,000 annual paid circulation imposed on the revamped Canada Periodical Fund.
- now the province has frozen $36 million in grants from lottery and gaming revenues that some magazines and magazine-related organizations were expecting.