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CBC announces layoffs

The CBC has announced its 2009-2010 business plan, which includes laying off up to 800 positions. According to www.cbc.ca, the Canadian public broadcaster is projecting a reduction of 393 positions in its English services, including radio, TV and new media platforms, 336 layoffs in French services and 70 jobs at the corporate level. CBC president and CEO Hubert Lacroix, in an address to staff, also revealed that the broadcaster plans to raise $125 million from the selling of assets to compensate for the shortfall in operating costs, caused by factors like declining ad revenue.
March 25, 2009

The CBC has announced its 2009-2010 business plan, which includes laying off up to 800 positions. According to www.cbc.ca, the Canadian public broadcaster is projecting a reduction of 393 positions in its English services, including radio, TV and new media platforms, 336 layoffs in French services and 70 jobs at the corporate level. CBC president and CEO Hubert Lacroix, in an address to staff, also revealed that the broadcaster plans to raise $125 million from the selling of assets to compensate for the shortfall in operating costs, caused by factors like declining ad revenue.

About The Author
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

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