The Canadian Broadcasting Corporation/Radio-Canada announced Monday that it plans to cut about 10 per cent of its workforce and axe some programming to cope with a potential $125 million budget shortfall.
The corporation said earlier this year it had begun cutting $25 million through measures such as limiting travel, sponsorships and marketing, and delaying technology initiatives.
The public broadcaster blamed its budget issues on “rising production costs, declining television advertising revenue and fierce competition from the digital giants.”
Chris Waddell, professor emeritus at Carleton University’s school of journalism, said the cuts come as no surprise at a time when news organizations around the world are struggling.
In June, Bell Canada Enterprises (BCE) Inc. announced it would be axing 1,300 positions and closing or selling nine radio stations.
At the time, Bell — the parent company of CTV National News, BNN and CP24 — said the job cuts were a response to unfavourable public policy and regulatory conditions that it could no longer wait out.
The original article contains 744 words, the summary contains 153 words. Saved 79%. I’m a bot and I’m open source!
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The Canadian Broadcasting Corporation/Radio-Canada announced Monday that it plans to cut about 10 per cent of its workforce and axe some programming to cope with a potential $125 million budget shortfall.
The corporation said earlier this year it had begun cutting $25 million through measures such as limiting travel, sponsorships and marketing, and delaying technology initiatives.
The public broadcaster blamed its budget issues on “rising production costs, declining television advertising revenue and fierce competition from the digital giants.”
Chris Waddell, professor emeritus at Carleton University’s school of journalism, said the cuts come as no surprise at a time when news organizations around the world are struggling.
In June, Bell Canada Enterprises (BCE) Inc. announced it would be axing 1,300 positions and closing or selling nine radio stations.
At the time, Bell — the parent company of CTV National News, BNN and CP24 — said the job cuts were a response to unfavourable public policy and regulatory conditions that it could no longer wait out.
The original article contains 744 words, the summary contains 153 words. Saved 79%. I’m a bot and I’m open source!