Canada's CBC Cutting Down Local TV Newscasts, Jobs in Restructuring
The public broadcaster targets $15 million in cost-cutting after losing NHL advertising revenue
Struggling Canadian public broadcaster CBC is cutting down regional newscasts and putting morning radio shows on TV as it restructures for a digital future.
The latest radical cuts to the CBC will see local supper-hour newscasts in all major Canadian TV markets shortened from their current 90-minute run times to either 60- or 30-minute editions in fall 2015. The public broadcaster also will air morning radio shows on TV and likely cut more jobs to save $15 million as it moves to multiplatform news coverage.
Read more Canada's CBC Presses Ahead With Job Cuts
"Now that we have defined the programming footprint we will be working through how it (job impacts) will be done and the resource planning," Jennifer McGuire, general manager and editor in chief at CBC News, told The Hollywood Reporter. The latest restructuring follows the public broadcaster losing NHL advertising revenue as well as continuing cuts in government funding.
CBC top brass in June 2014 first indicated 1,000 to 1,500 jobs could be cut over the next few years as the public broadcaster looks to cut $130 million from its operating budget to balance its books. CBC also is taking an advertising revenue hit from poorly performing primetime TV shows in the 25-54 demo.