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BUSINESS REPORT: Carnage continues in mainstream media

BUSINESS REPORT: Carnage continues in mainstream media - image
AP Photo/M. Spencer Green, File

With Bell Canada announcing pending layoffs across the country, mainstream media continues to take a hit.

Unifor, the union representing technicians at 17 stations estimates about 50 jobs will be eliminated.

Tuesday’s Financial Post reports Toronto’s CFTO sportscasters Joe Tilley and Lance Brown, along with on-air personalities such as BNN host Michael Kane and two Ottawa CTV on-air hosts are among those affected.

This means the end of local sportscasts as of Dec. 27 at flagship CFTO, and could be a harbinger of things to come at thirty owned CTV stations, and 105 licensed radio stations across Canada.

With the growing online competition in a changing landscape, and dwindling advertising revenue in mainstream media, many outlets are cutting staff and expenses.

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Earlier this year Rogers Media cut 400 jobs and newspaper chain Postmedia laid off 90 employees in January.

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