Corus Entertainment has implemented reductions within its television and radio divisions. A spokesperson for the company mentioned that they have enacted a limited number of adjustments in specific markets, affecting positions at Global B.C., Global National, News 640, and talk radio. The spokesperson emphasized that these changes, though challenging, are crucial to ensuring the organization’s teams are structured sustainably, with minimal disruption to local news and audio services.
This latest decision follows a previous round of job cuts earlier this year, primarily in Western Canada, as part of nationwide programming modifications. Corus recently disclosed a net loss of $36.5 million for its third quarter, with a 16% decline in revenue compared to the previous year. The company is currently seeking approval for its proposed financial restructuring plan, which involves exchanging debt for equity in a new parent company.
