Chum Radio cuts 40 jobs across the country

TORONTO – Chum Radio has cut 40 staff positions as part of its ongoing efforts to reduce operating expenses. The CTV-owned company issued a statement Thursday, saying that the 17 terminations and 23 vacancies were effective immediately and impacted stations in Victoria, Vancouver, Edmonton, Winnipeg, London, Toronto, Peterborough/Lindsay, Ottawa and Montreal. "Today's announcement is a consequence of the decline in advertising revenue, as a result of the current economic climate," said Chum Radio president Chris Gordon, in the statement. "We are proud to be the leaders in most of the 16 markets that we serve, and while these actions are...