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CBC down billions after losing rights to Hockey Night in Canada
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CBC down billions after losing rights to Hockey Night in Canada 

The CBC no longer has the rights to their highest rated program—Hockey Night in Canada. This is a big loss for CBC and will cost them over $2 billion throughout twelve years, according to Blacklock’s Reporter

The information was provided through an internal federal memo. Though the company’s ad revenues have been falling, in a confidential report, CBC noted that it continues to be “the cornerstone of culture and democracy.” 

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