CBC/RADIO-CANADA ANNOUNCES PROGRAMMING AND JOB CUTS – CBC Media Centre ...Middle East

The Corporation is addressing approximately $125 million in budget pressures through programming cuts and layoffs CBC/Radio-Canada today announced it will be implementing program and job cuts over the next year in order to manage approximately $125 million in budget pressures forecast for the 2024–2025 fiscal year.* These pressures are a result of the same structural factors affecting all media companies in Canada, including rising production costs, declining television advertising revenue and fierce competition from the digital giants. CBC/Radio-Canada is also managing forecast reductions to its parliamentary funding beginning in the next fiscal year, including the end of program inte

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