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. The public broadcaster said Monday that CBC and Radio-Canada will each cut about 250 jobs, with the balance of the layoffs coming from corporate divisions such as technology and infrastructure. 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. CBC has also been impacted by Facebook and Instagram-owner Meta blocking its Canadian users from accessing news content in recent months.

Source: CBC News December 04, 2023 22:27 UTC