Banff Festival to get new lease on life but fates of other festivals unknown
Broadcast | April 16, 2004
The future of the new media industry’s well-regarded nextMedia conference is uncertain as its owner, the Banff Television Foundation, files for bankruptcy. Banff took over the event in 2003 as it faced its own shaky financial future, but now the foundation is facing an estimated $820,000 deficit, new ownership and a process to determine which of its expanded roster of events it can continue to hold.
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