. . .
The new program caps at $1.5-million the amount that an individual title can receive in a fiscal year. Eligibility is expected to be determined by a formula based on the readership of each publication as well as a minimum overall Canadian content of 80 per cent.
One key eligibility element, Moore said, is that a periodical must have an annual paid circulation of at least 5,000. As a result, it’s expected some of the country’s largest magazines could see modest reductions in their annual allocation. In 2007-08, more than 230 commercial magazines, English and French, earned editorial content assistance via the CMF, with Maclean’s, Chatelaine and Canadian Living ranked as the largest recipients at $396,389, $228,769 and $205,308, respectively.