$200 Million for Bad TV?

I thought the Conservative government was supposed to get rid of government waste. This is a sad waste of money:

Heritage Minister Bev Oda said Friday that the federal government will
contribute $200-million over two years to the Canadian Television Fund, now
rocked by a crisis of industry support that could stanch its cash flow.

I take solace in the fact that the comments on the Globe and Mail article are near unanimous in their condemnation of the decision. There is simply a huge fundamental problem, with hundreds of cable channels and many families spending $50 - $100 a month for programming, why independent TV producers can't make a go of it. There is absolutely no public benefit to pay to produce TV that nobody will watch.

The Conservative government should change this decision immediately.