Posted on: November 28, 2014

Kevin O’Leary on saying goodbye to the CBC




It was an unlikely marriage: the extreme-right-wing investor and the left-leaning public broadcaster. But for eight years, CBC Television gave Kevin O’Leary a loudspeaker to spout his arch-capitalist ideas, and he and the network both prospered. A former tech entrepreneur, O’Leary was the resident ogre on the reality show Dragons’ Den, which debuted in 2006. Three years later, he became the abrasive counterpoint to centrist broadcaster Amanda Lang on The Lang & O’Leary Exchange, while also appearing on Shark Tank, the U.S. look-alike version of Dragons’ Den. But earlier this year, he walked away from the CBC to join Bell Media’s stable of broadcast assets, including network rival CTV.

How did this move happen?

It began when CTV started to air Shark Tank in Canada. As Shark Tank grew, it became harder to shoot both it and Dragons’ Den. It was natural to choose the show with the larger audience. Shark Tank had 9.3 million U.S. viewers and was growing in Canada. [Last year, Dragons’ Den averaged about 1.4 million.] And Bell Media had acquired a range of other media assets. I don’t do TV for money; I do it to reach people. It is a hobby gone berserk.

Is your departure another nail in the coffin of the CBC?

The CBC’s mandate got contorted. It should never have been competing with the private sector. But it still has a huge mandate to tell the Canadian story, just as the BBC tells the British story worldwide. Other Kevin O’Learys will come along. CBC should hire them, too.

But CBC made you. Isn’t loyalty important?

That’s not entirely true. I always worked for multiple networks. I owe gratitude to the CBC, but my interest is to tell my story to the largest possible audience: I am a huge advocate of Canadian entrepreneurialism, I want to fight big government in Canada and I want to educate our children about capitalism.

Read the rest of this interview in the Globe and Mail’s Report on Business.