Regarding public funding for the media:

The Globe & Mail is owned by Woodbridge, the holding company of the multi-billionaire Thomson family.

Postmedia is predominantly owned by Greentree Capital, a huge investment house in New York City.

Quebecor is owned by the Peladeau family, whose stock there alone is worth nearly $1B.
 
CTV is owned by BCE which has annual profits of over $2B, and whose four largest owners are Canadian banks.

Torstar is has an ownership structure more devious than anything even Conrad Black thought up, but it is ultimately controlled by a group of rich Toronto families. 

Global TV is owned by Corus which is majority owned by Alberta billionaire JR Shaw, a major rent-taker from the original CRTC cable TV landrush. 

These are rich sophisticated interests.  If they are finding their investments in Canadian media are not working for them, then their recourse is to sell them for value in the capital markets, NOT to suck the blood of everyday Canadians.