Radio & Television

CBC to cut 657 jobs, cancel further local rollouts

OTTAWA – CBC will eliminate the equivalent of 657 positions as part of $130 million in budget cuts over the next two fiscal years, the national broadcaster announced Thursday.  It will also incur one-time severance costs of $33.5 million.The cuts are necessary to balance its current budget, said president and CEO Hubert Lacroix, in a press release.  He blamed the loss of the NHL, an industry-wide softening of the advertising market, disappointing schedule performance in key demographics on CBC Television, and lower-than-expected ad revenues from Espace musique and CBC Radio 2.Lacroix also said that CBC and Radio-Canada will no longer...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.