Canada’s Public Broadcaster To Cut 600 Jobs Amid Financial Crisis ...Middle East

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Canada’s Public Broadcaster To Cut 600 Jobs Amid Financial Crisis
CBC has been particularly hard hit by the drop in television advertising revenues. Montreal: 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

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