![]() If the government doesn't act now, there will be little left of Canadian journalism to save," said Lana Payne, national president of the Unifor trade union. "Bell had other choices, in anticipation of policy changes, but chose to pull the trigger on these layoffs. "CTV has some really experienced, hardworking, talented journalists who Canadians have come to rely on, and so that's a real loss for Canada and Canadians."Īffected employees will be informed this week, Bell said, adding that vacant positions were eliminated to minimize the impact on teams. "I think it is a shame," Canadian Finance Minister Chrystia Freeland told reporters in Ottawa on Wednesday. ![]() "A SHAME"Īs part of the restructuring, Bell will close the CTV television network's bureaus in London and Los Angeles, and scale back the Washington outpost. firms running tests to limit some users from viewing or sharing news content as a potential response. Join to view profile Connect360 MultiMedia. The Canadian telecom industry has over recent years come under pressure from the government to bring down phone bills in a concentrated market.Ī proposed legislation designed to compel internet giants like Google and Facebook to pay news publishers for content has also run into hurdles this year, with the U.S. President at Connect360 MultiMedia Merrick, New York, United States. He also blamed "a challenging regulatory environment that has been too slow to adjust". "Our industry is experiencing a major disruption," said senior executive Wade Oosterman in an internal memo seen by Reuters. The company expects Bell Canada's legacy phone revenue to decline by $250 million each year, while the news operation posts annual operating losses of $40 million. Connect360 Multimedia is a boutique agency specializing in PSA distribution, media placement, and creation of Digital/Social media marketing campaigns for nonprofit organizations. ![]() The layoffs will mostly affect management and follow thousands of cuts in the media industry that has been wrestling with dwindling ad dollars, elevated levels of inflation and the ongoing shift from cable TV to streaming. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. June 14 (Reuters) - Canadian media and telecom firm Bell is cutting 1,300 jobs, shuttering six radio stations and selling another three as revenues dry up at its legacy phone and news business, parent company BCE Inc (BCE.TO) said on Wednesday. ![]()
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