Re­struc­tur­ing, in­dus­try chal­lenges lead to Bell Me­dia lay­offs

The Hamilton Spectator - - BUSINESS -

Bell Me­dia says it’s lay­ing some peo­ple off as it re­struc­tures op­er­a­tions amid a chal­leng­ing in­dus­try land­scape.

Spokesper­son Scott Hen­der­son said in an email Tues­day that the com­pany is not dis­clos­ing the num­ber of work­ers who will lose their jobs.

But he said the lay­offs, which be­gan Mon­day and are on­go­ing, will come from more than two dozen Bell Me­dia lo­ca­tions across the coun­try.

Hen­der­son said the re­struc­tur­ing comes as Bell and other me­dia com­pa­nies in the coun­try face in­creas­ing in­ter­na­tional com­pe­ti­tion, the evo­lu­tion of broad­cast tech­nol­ogy, and ad­ver­tis­ing and reg­u­la­tory pres­sure.

He said reg­u­la­tory de­ci­sions, like the CRTC ban­ning Bell Me­dia from sub­sti­tut­ing Cana­dian ads with Amer­i­can ones dur­ing the Su­per Bowl this year, have had a sig­nif­i­cant ef­fect on rev­enue.

Bell Me­dia owns dozens of lo­cal TV sta­tions and spe­cialty chan­nels, 105 li­censed ra­dio sta­tions, more than 200 web­sites and over 30 apps.

The me­dia di­vi­sion em­ployed 6,568 peo­ple as of Dec. 31, 2015, down from 7,342 a year prior.

Bell Me­dia’s par­ent, BCE Inc., is ex­pected to re­port its fourth-quar­ter earn­ings on Thurs­day.

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