Canadian film producer Remstar, which recently acquired the money-losing French-language Canuck TV network TQS, is set to ax 270 of the 479 staffers at the web and nix its news programming by September.
Latter move would violate Montreal-based TQS’ license, which stipulates that it must run 14½ hours of local news per week.
A spokesman for TQS said the network will ask broadcast regulator the Canadian Radio-Television and Telecommunications Commission to modify its license conditions.
“We believe that these measures of financial restructuring will allow TQS to become a major player on the Quebecois TV landscape,” said Remstar co-prexy Maxime Remillard.
Last month, Remstar won the auction to buy TQS, which had been under court-ordained bankruptcy protection since December. The previous owners were cabler Cogeco and broadcaster CTVglobemedia.
TQS execs are vague about what will replace the news programming.