Corus makes cuts at Global BC, Global National, News 640 and talk radio

Toronto - Corus Entertainment is implementing reductions at its television and radio businesses. The company has announced a handful of changes in certain markets, including positions at Global BC, Global National, News 640 and talk radio. According to a spokesperson, these changes are tough but essential to ensure their teams are organized in a sustainable manner while limiting disruption to local news and audio distribution.

Earlier this year, Corus had laid off numerous workers, primarily in Western Canada, as part of nationwide programming revisions. The latest quarter saw Corus report a net loss of $36.5 million attributable to shareholders, with revenue declining by 16% compared to the previous year. The organization is awaiting approval of its proposed recapitalization plan, which would involve exchanging debt for equity in a new parent corporation.