According to the Winnipeg SUN, Pierre Karl Peladeau, president and CEO of Quebecor Inc., told a MIPCOM audience that the Canadian television industry could “face extinction.”

Peladeau told the audience that two trends in particular are threatening the country’s current TV business model. The first is that the country’s funding systems rely on politicians and taxpayers who aren’t “feeling particularly generous these days,” he said. The second worrisome trend, he said, is the fact that the way TV is watched and distributed is evolving. “Obviously, an ecosystem based on declining funding and antiquated regulation is ripe for a major upheaval,” Peladeau said.

A major upheaval indeed. These guys can see the writing on the wall. Hence the reason why all content companies in Canada have become connectivity companies as well.