Massive layoffs expected to be announced by CBC/Radio-Canada today, another major blow to Canada’s media sector - News Summed Up

Massive layoffs expected to be announced by CBC/Radio-Canada today, another major blow to Canada’s media sector


Already, media reports have been circulating including one from La Presse revealing that Canada’s public broadcaster is looking to eliminate up to 700 positions. News of this major announcement comes in the midst of a reckoning in Canada’s legacy media landscape as traditional broadcasters struggle to adapt to a changing media environment. However, the bill has been extremely controversial leading Meta to block all news content from Canadian publishers from their platforms on Facebook and Instagram. Google has been more receptive to working with the government and recently struck a deal that would see the tech giant pay $100 million a year to Canadian publishers. Details of how that money will be distributed and which Canadian media publishers, including the CBC, will benefit from those dollars is still to be determined.


Source: CBC News December 04, 2023 17:13 UTC



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