• About
  • Advertise
  • Contact
Thursday, July 3, 2025
  • Login
No Result
View All Result
NEWSLETTER
The NY Journals
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
  • Home
  • Business
  • Technology
  • Entertainment
  • Sports
  • Lifestyle
  • Health
  • Politics
  • Trending
No Result
View All Result
The NY Journals
No Result
View All Result
Home Politics

Canada’s Public Broadcaster To Cut 10% Of Workforce

by Sarkiya Ranen
in Politics
Canada’s Public Broadcaster To Cut 10% Of Workforce
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Canada’s public broadcaster on Monday announced it would cut 600 jobs, or 10 percent of its workforce, as it confronts financial challenges sparked by a drop in television ad revenues and competition from digital news outlets.

The Canadian Broadcasting Corporation (CBC) said the first job cuts would come shortly but that most would take effect over the next 12 months.

“CBC/Radio-Canada is not immune to the upheaval facing the Canadian media industry,” president and CEO Catherine Tait said in a statement.

“We’ve successfully managed serious structural declines in our business for many years, but we no longer have the flexibility to do so without reductions.”

A total of 250 jobs will be slashed at CBC, the group’s English-language network, and another 250 at French-language Radio- Canada, with technicians and other support staff making up the final 100 jobs to be slashed.

An additional 200 vacant positions will be eliminated, it said in a statement.

The public broadcaster “will also be reducing its English and French programming budgets for the next fiscal year,” it said.

“This will result in reduced renewals and acquisitions, fewer new television series and episodes of existing shows, as well as fewer digital original series.”

That will allow the company to make up a CAN$125 million (US$92.3 million) budget shortfall.

Radio-Canada’s workers’ union called it a “dark day” for the broadcaster and for access to information.

CBC has been particularly hard hit by the drop in television advertising revenues.

In early October, CBC announced that job creation was frozen until further notice, and that those who left the company would not be replaced.

“We understand how concerning this is to the people affected and to the Canadians who depend on our programs and services,” Tait said.

“We will have more details in the months ahead, but we are doing everything we can to minimize the impact of these measures.”

Many media outlets in Canada — as in other parts of the world — are currently in dire financial straits, and the public broadcaster is not the first to announce a redundancy plan.

After months of negotiations, Canada and Google struck a deal last week for the tech giant to pay compensation to Canadian media companies in exchange for the distribution of their content.

Google will provide financial support of $100 million a year, indexed to inflation.

CBC has not seen similar budget cuts since Prime Minister Justin Trudeau took office in 2015.



Source link

Tags: BroadcasterCanadasCutPublicWorkforce
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Next Post
Nigerian Army Drone Strike Error Kills Civilians

Nigerian Army Drone Strike Error Kills Civilians

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

“If Rahul Gandhi Accepts…”: Sanjay Raut On INDIA’s PM Candidate

“If Rahul Gandhi Accepts…”: Sanjay Raut On INDIA’s PM Candidate

1 year ago
Mohammed Shami Rattles Marnus Labuschagne’s Stumps With A Ripper On Day 1 Of WTC Final. Watch | Cricket News

Mohammed Shami Rattles Marnus Labuschagne’s Stumps With A Ripper On Day 1 Of WTC Final. Watch | Cricket News

2 years ago

Popular News

    Connect with us

    The NY Journals pride themselves on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

    Transcending the bounds of New York City to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

    NEWS

    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Real Estate
    Instagram Youtube

    © 2025 The New York Journals. All Rights Reserved.

    • About Us
    • Advertise
    • Contact Us
    No Result
    View All Result
    • Home
    • Business
    • Technology
    • Entertainment
    • Sports
    • Lifestyle
    • Health
    • Politics
    • Trending

    Copyright © 2023 The Nyjournals

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In