Sirius XM Canada Requests Reduction In Financial Contribution For National Content

From Billboard:

Toronto-based satellite radio service SiriusXM Canada Inc. is asking The Canadian Radio-Television Commission (CRTC) to significantly reduce its financial contribution to the development of Canadian content.

The hearings, held this week in Gatineau, Quebec, include applications from a number of broadcasters. The CRTC is the independent public organization that regulates and supervises the Canadian broadcasting and telecommunications systems.

SiriusXM Canada — listed in the public Broadcasting Notice of Consultation under a section noting licensees that have failed to comply with certain conditions of license or mandatory orders — is requesting several amendments for the next license term.

The current license, which was granted to the brand new Canadian service — then two separate companies, Sirius Canada and XM Canada — was granted in 2005 and expires August 31, 2012. The two companies merged in 2008.

Continue reading the rest of the story on Billboard