MONTREAL — The TVA Group says it is laying off 547 employees — nearly a third of its workforce — amid restructuring as the company contends with declining audiences and ad revenues. Pierre Karl Péladeau, CEO of Quebecor Inc., which owns TVA, said in a press release that the subsidiary's deficit is no longer sustainable. "For over 10 years, TVA Group has been telling government bodies and regulators that the situation is urgent. This report by The Canadian Press was first published Nov. 2, 2023. Companies in this story: (TSX:QRB.B)The Canadian Press

Source: CBC News November 02, 2023 21:47 UTC