Corus Entertainment has implemented reductions in staffing levels at its television and radio divisions. A spokesperson for the company confirmed that they have enacted a series of adjustments in specific regions, affecting positions at Global B.C., Global National, News 640, and talk radio. These changes have been described as challenging yet essential to reorganize the teams in a sustainable manner, with a focus on minimizing disruptions to local news and audio services.
This recent action follows previous job cuts earlier in the year, primarily concentrated in Western Canada, as part of nationwide programming alterations. Corus had reported a net loss of $36.5 million in the third quarter, with a 16% decline in revenue compared to the same period the previous year. The company is currently seeking approval for its proposed restructuring plan, which involves the conversion of debt to equity by lenders in a new parent company.
