Canada TV changes risk C$1.4bn loss, 15,000 jobs

An in-depth independent report on the changes sweeping the Canadian TV industry claims the new regulatory regime could result in 15,000 job losses and a C$1.4 billion (US$1 billion) reduction in the media sector’s contribution to the wider economy. The 104-page report was written by analysts at Nordicity and examines the likely impact of the […]

Massive job and budget cuts at Canada’s CBC

Canadian public broadcaster the CBC is shedding over 650 jobs in the wake of a decision to slash C$130 million (US$118.4 million) from its 2014 budget. The pubcaster blamed a funding shortfall and revenue declines as, yesterday, it told staff of the impending cuts, before confirming them in a statement. The broadcaster will get rid […]

Bell’s $3.4bn Astral deal approved with conditions

Bell Canada Enterprises’ C$3.4 billion (US$3.2 billion) acquisition of rival Astral Media has been approved, but it must sell resulting holdings in local networksincluding Disney Junior and Cartoon Network. Canada’s media regulator the CRTC has greenlit to deal, which has been in the works for more than a year, providing BCE adheres to a series […]