Tuesday, April 8, 2014

CBC expected to announce job cuts and service reduction on Thursday

The CBC quotes the Huffington Post on its own web page:
"CBC staff are preparing themselves for bad news Thursday when the broadcaster is expected to announce a major round of job cuts and reductions to services.
"Insiders expect the cuts to hit the sales and news departments, but it’s CBC’s sports programming that will likely see the deepest reductions.
The broadcaster is scrambling to find a new business model after the devastating loss of NHL hockey, which moves to Rogers’ cable networks this year under a $5.2-billion, 12-year deal the telecom giant signed with the hockey league last year.
"The CBC will continue to broadcast Hockey Night in Canada for four more years under a sub-licensing agreement, but all revenues will go to Rogers.
"CBC President Hubert Lacroix will hold a series of town hall meetings Thursday to announce the cuts and outline a strategy for bridging a $100-million revenue gap for the year, the Globe and Mail reports.

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