18 January 2011 -
TORONTO - Bernie Finkelstein is resigning as chair of MuchFACT after more than 26 years in the position.
The music manager co-founded MuchFACT — which funds videos by independent artists — with former Much honcho Moses Znaimer in 1984, when it was called VideoFACT.
MuchMusic parent company CTV said in a release that Finkelstein's successor would be named soon.
MuchMusic recently campaigned the CRTC for a series of changes to its licence, including one that would allow the network to cut its funding obligations to MuchFACT in half.
That change and others were rejected, but MuchMusic has pledged to continue seeking the same alterations to its licence.
Finkelstein, a Toronto native, is a member of the Order of Canada and has been inducted into the Canadian Music Industry Hall of Fame.
He founded True North Records and his own management company in 1969 and he's steered the careers of Bruce Cockburn, Murray McLauchlan, Barney Bentall and Dan Hill.
"I do this with some sadness, as MuchFACT, which I have chaired since its inception, is an organization that I care deeply about," Finkelstein said in a release. "But I feel that the time has come for me to move on."
"I do want to convey my great appreciation for the wonderful support and confidence that CTV and its predecessors have shown both MuchFACT and me these past 26 years and for that I am extremely grateful."
~ from the Winnipeg Free Press -