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.