Current:Home > FinanceCanada’s public broadcaster to cut 600 jobs as it struggles with budget pressures-Angel Dreamer Wealth Society D1 Reviews & Insights
Canada’s public broadcaster to cut 600 jobs as it struggles with budget pressures
View Date:2024-12-23 16:57:06
TORONTO (AP) — Canada’s public broadcaster announced on Wednesday that it will cut 600 jobs and reduce its English and French programming budgets as it struggles with monetary pressures.
The Canadian Broadcasting Corp. and Radio-Canada, the French-language version, said the bulk of the layoffs will come from its corporate divisions such as technology and infrastructure. It also identified 200 vacancies that will go unfilled as it contends with 125 million Canadian dollars ($92 million) in budget pressures.
Along with the job cuts, CBC will be reducing its English and French programming budgets, resulting in fewer renewals and acquisitions, fewer new television series, less episodes of existing shows and digital original series.
The federal government provides CBC with over 1.2 billion Canadian dollars ($890 billion) in funding per year, or about 71% of CBC’s/Radio Canada’s source of funds last year. It attributed the cuts to rising production costs, declining television advertising revenue and fierce competition from the tech digital giants.
At the end of March, CBC had some 6,500 permanent employees, about 2,000 temporary workers and roughly 760 contract staff.
The cuts come days after the federal Liberal government suggested it may cap the amount of money CBC and Radio-Canada could get under a 100 million Canadian dollars ($74 million) deal that Ottawa recently signed with Google.
Canada’s government said it reached a deal with Google last month for the company to contribute the 100 million Canadian dollars annually to the country’s news industry to comply with a new law requiring tech companies to pay publishers for their content.
veryGood! (7)
Related
- Mike Tyson employs two trainers who 'work like a dream team' as Jake Paul fight nears
- Rooney Mara Is Pregnant, Expecting Baby No. 2 With Joaquin Phoenix
- Arrests made after girl’s body found encased in concrete and boy’s remains in a suitcase
- Take a Look at the Original Brat Pack Then and Now, Nearly 40 Years After The Breakfast Club
- Tech consultant testifies that ‘bad joke’ led to deadly clash with Cash App founder Bob Lee
- Kelly Osbourne says Ozempic use is 'amazing' after mom Sharon's negative side effects
- See Samantha Hanratty and More Stars Pose Backstage at the 2024 People’s Choice Awards
- After three decades spent On the Road, beloved photographer Bob Caccamise retires
- 'I was in total shock': Woman wins $1 million after forgetting lotto ticket in her purse
- Is Rooney Mara expecting her second child with Joaquin Phoenix?
Ranking
- Diamond Sports Group can emerge out of bankruptcy after having reorganization plan approved
- Virginia house explosion kills 1 firefighter, injures over a dozen other people
- The name has been released of the officer who was hurt in a gunfire exchange that killed a suspect
- 'Oppenheimer' wins best picture at 2024 BAFTA Awards, the British equivalent of Oscars
- NFL Week 10 winners, losers: Cowboys' season can no longer be saved
- Colorado university mourns loss of two people found fatally shot in dorm; investigation ongoing
- Jessie James Decker Gives Birth, Welcomes Baby No. 4 With Husband Eric Decker
- Arrests made after girl’s body found encased in concrete and boy’s remains in a suitcase
Recommendation
-
Bluesky has added 1 million users since the US election as people seek alternatives to X
-
75th George Polk Awards honor coverage of Middle East and Ukraine wars, Supreme Court and Elon Musk
-
A Second Wind For Wind Power?
-
After three decades spent On the Road, beloved photographer Bob Caccamise retires
-
Pete Rose fans say final goodbye at 14-hour visitation in Cincinnati
-
Prince William Attends 2024 BAFTA Film Awards Solo Amid Kate Middleton's Recovery
-
Parts of Southern California under evacuation warning as new atmospheric river storm hits
-
'Sounded like a bomb': Ann Arbor house explosion injures 1, blast plume seen for miles