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Canada Faces Looming News Deficit

David Frum | Posted 08.23.2012 | Canada
David Frum

"Canada is competing against a whole planet filled with mayhem and misery. Political stability, economic growth, and a chronically declining crime rate simply do not provide the basis for a strong news industry. I think we have face the fact that Canadians may just lack what it takes to be a major news export power," explained a spokesperson for Statistics Canada. Meanwhile, Canada's historical demand for imported news continues strong. Emerging products like the pending Islamist takeover in Egypt have supplemented traditional suppliers like the U.S. political cycle and the British royal family.