Canada's CBC Presses Ahead With Job Cuts
After losing NHL game revenue, the public broadcaster offers fresh details on drastic cost-cutting measures
The Canadian Broadcasting Corporation on Friday revealed new details on deep cost-cutting measures at the struggling public broadcaster.
CBC spokesman Chuck Thompson confirmed to The Hollywood Reporter that the network plans to cut another 400 employees by the end of March 2015, on top of 657 jobs already announced in April.
Faced with less government funding and no NHL game revenue this season, the CBC has been cutting jobs and programming to balance its books. The Canadian Media Guild on Friday said CBC president Hubert Lacroix told its union representatives that 400 additional jobs could be cut by March 2016 and that yet another 400 positions could go by 2020.
Thompson said Lacroix in June 2014 first indicated 1,000 to 1,500 jobs could be cut over the next few years as the CBC looked to cut $130 million from its operating budget. The public broadcaster is dealing with the loss of revenue from Hockey Night in Canada telecasts after rival Rogers Media picked up the national NHL TV rights for $5.2 billion (US $4.9 billion) over 12 years from this season.
The CBC also has taken an advertising revenue hit from poorly performing primetime shows in the 25-54 demo.