TORONTO — The Canadian Broadcasting Corp. and Radio-Canada will eliminate about 600 jobs and an additional 200 vacancies will go unfilled as it contends with a $125-million budget shortfall. Along with the job cuts, CBC will be reducing its English and French programming budgets, including about $40 million in independent production commissions and program acquisitions. In its 2022-23 fiscal year, CBC's television advertising revenues amounted to $288.6 million, with $215.5 million from TV advertising and $73.1 million from digital marketing. However, the Liberal government has hinted that it will cap the amount of money CBC and Radio-Canada could get under the Google deal. CBC has also been affected by Facebook and Instagram owner Meta blocking its Canadian users from accessing news content in recent months.

Source: CBC News December 04, 2023 22:03 UTC