Thursday, June 21, 2018

Irene Gentle named Editor of the Toronto Star

Irene Gentle has been named Editor of the Toronto Star, the first woman to hold this position in the publication’s 126-year history.
Gentle, 48, joined the Star in 2011 as business editor and had been managing editor since June 8, 2016. She has also been assistant managing editor and city editor at the Star.
Full Star story

CBC cancels On the Money business show, cites lack of funds

The Globe and Mail's Simon Houpt writes that the CBC is cancelling its afternoon business show, On the Money, because of a lack of money, after staff at the public broadcaster were told a shortfall had left it unable to produce all of its current programming while also continuing its digital transformation.
The cancellation marks the first time CBC’s cable news channel will be without regularly scheduled business news coverage since News Network launched as Newsworld in 1989.
The show, hosted by Peter Armstrong, had rebranded from The Exchange to On the Money only last fall. Its final broadcast will be Thursday, June 28.
Full Globe and Mail story

Saturday, June 16, 2018

Toronto’s JAZZ.FM91 sees an exodus of regular on-air voices

The Globe and Mail's Simon Houpt writes:
"Toronto radio station JAZZ.FM91 cut four hosts this week, including two high-profile personalities who were on air every weekday, and has made changes to its board structure as the not-for-profit, listener-supported station grapples with the public relations fallout of an investigation into its workplace culture.
"Jaymz Bee, a 16-year station veteran, and Mark Wigmore, the new morning host and senior arts editor responsible for the station’s arts coverage, were let go along with the weekend hosts Walter Venafro and David Basskin.
"The departures follow the exits of Garvia Bailey, a former morning show host whose disappearance from the air in April prompted questions from listeners, and Dani Elwell, who left last year. The station has not told listeners the reasons for the women’s departures."
Full story

Thursday, June 14, 2018

Rogers lays off one-third of its digital and publishing employees

The Globe and Mail's Tim Shufelt writes that Rogers Media is reducing its digital and publishing staff by one-third, citing pressures on the print industry and the loss of advertising revenues as cause for another round of deep cuts.
The division of Rogers Communications Inc. that publishes titles such as Maclean’s, Chatelaine, Today’s Parent and Hello! Canada, told its staff on Thursday that 75 full-time employees have been laid off.
“The publishing industry continues to face challenges, as print declines outpace digital growth,” Andrea Goldstein, senior director of communications for Rogers Media, said in a statement.
Full story

Wednesday, June 13, 2018

Shaw trying to sell its stake in Corus Entertainment to focus on Freedom Mobile expansion: Globe and Mail

The Globe and Mail reports that Shaw Communications Inc. is attempting to sell its stake in broadcaster Corus Entertainment Inc. as part of a strategy to build a war chest for expansion of its Freedom Mobile wireless network.
Shaw recently hired investment bank TD Securities Inc. to find a buyer for its 38-per-cent stake in television and radio station owner Corus, according to sources familiar with the Shaw’s plans. These sources say Shaw is shopping its Corus stake, currently worth approximately $540-million, to a list of dozens of potential buyers, with a focus on private equity funds and other deep-pocketed investors that don’t currently own a national media business in Canada.
Toronto-based Corus owns a stable of 44 specialty television channels, including the Food Network and HGTV, and 15 conventional TV stations, including the national Global TV network, along with 39 radio stations. Sources say Shaw and Corus would listen to offers for individual business lines and that Shaw would also be content to continue as a major shareholder in Corus if no buyers emerge.
Full story

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