Michael Bloomberg Will Not Be Rescuing New York City Opera

The Mayor “said that as he understands it, the company has been unable to attract the kind of money it needs [and that] ‘the business model doesn’t seem to be working.’ But he added that ‘city government can’t go and support all of the arts institutions … My foundation’s made up for some of it, but we have lots of other things to do, too, and we can’t just do it ourselves’.”

Edinburgh, Bucking The Trend, Decides Not To Cut Culture Funding

“Edinburgh City Council has proposed that all its cultural grants for 2014/15, including those to its festivals and theatres, will be the same as for the current year. Its recently published consultative budget lists proposed cuts across all sectors, but none in culture. This includes all festivals, such as the Edinburgh International Festival and the Fringe, as well as the city’s theatres and concert halls.”