Canada’s CTV cuts 150 jobs

Web eliminates duplicated jobs created by rapid expansion

MONTREAL — Canuck web CTV announced Thursday that it is cutting 150 positions, most from its stations in Ontario, in an effort to deal with revenue shortfalls due to soft ad sales.

CTV president Trina McQueen told Daily Variety that the job cuts are also designed to eliminate duplication of jobs caused by company’s rapid expansion over the past three years. The Toronto-based company has increased its workforce by 1,000 to 3,500 over that period, thanks to the acquisition of specialty channel operator NetStar, CKY Winnipeg and CFCF Montreal.

“Any rational company in these times has to make sure they don’t have duplication, that they have the right number of people to run the services,” said McQueen.

About 20% of the positions to be cut are already vacant because CTV imposed a hiring freeze this summer. Ten more positions will come from early retirements and the remaining 110 are layoffs. There will be no impact on national programming, but a number of regional shows have been axed.

CTV owns 27 stations across Canada and has interests in 33 specialty channels, including the Sports Network and Discovery Channel Canada. McQueen said ad sales have been stronger this year for the specialty webs than for the main CTV network.

CTV is owned by Bell Globemedia, which owns national newspaper the Globe and Mail.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety

Loading