Bell Media selling 45 radio stations amid layoffs

Bell Media is concludeing multiple television newscasts and building other programming cuts after its parent company announced widespread layoffs and the sale of 45 of its 103 regional radio stations.

In an internal memo to Bell Media employees on Thursday, it declared news stations such as CTV and BNN Bloomberg would be affected immediately.

The radio stations being sold are in British Columbia, Ontario, Quebec and Atlantic Canada.

The memo, signed by Dave Daigle, vice-president of local TV, radio and Bell Media Studios, and Richard Gray, vice-president of news at Bell Media, declared weekday noon newscasts at all CTV stations except Toronto would conclude. It is also scrapping its 6 p.m. and 11 p.m. newscasts on weekconcludes at all CTV and CTV2 stations except Toronto, Montreal and Ottawa.

Daigle and Gray declared “multi-skilled journalists” would replace news correspondent and technician teams reporting to CTV National News in Alberta, Manitoba, Quebec and Atlantic Canada, while other correspondent modifys would be built in Ottawa.

Earlier in the day, Bell Media’s parent company BCE Inc. announced it was cutting nine per cent of its workforce.

The company, in an open letter signed by chief executive Mirko Bibic, declared 4,800 jobs “at all levels of the company” would be cut. Fewer than 10 per cent of the total job cuts are at Bell Media specifically.

Some employees have already been notified or were to be informed Thursday of being laid off, while the balance will be notified by the spring. Bibic declared the company will apply vacancies and natural attrition to minimize layoffs as much as possible.

Bell is also concludeing evening programs The Debate, This Hour and Top 3 Tonight on CTV News Channel, which will be replaced by a four-hour news broadcast on weeknights launchning at 6 p.m.

At BNN Bloomberg, weekday daytime programming is “being streamlined” to reduce the number of separate broadcasts.

Daigle and Gray also declared W5 will shift from a standalone documentary series to a “multi-platform investigative reporting unit” featured on CTV National News, CTVNews.ca and other news platforms.

The job cuts mark the second major layoff at the media and telecommunications giant since last spring, when six per cent of Bell Media jobs were eliminated and nine radio stations were either shuttered or sold.

In a separate internal memo, Bell Media president Sean Cohan declared the company intconcludes to divest 45 radio stations to seven purchaseers: Vista Radio, Whiteoaks, Durham Radio, My Broadcasting Corp., ZoomerMedia, Arsenal Media and Maritime Broadcasting. The sales are subject to CRTC approval and other closing conditions.

“That’s a significant divestiture. It’s becaapply it’s not a viable business anymore,” declared Bell chief legal and regulatory officer Robert Malcolmson in an interview with The Canadian Press.

“We will continue to operate ones that are viable, but this is a business that is going in the wrong direction.”

Malcolmson declared Bell Media is in the midst of a “digital transformation” for both entertainment and news.

But whether or not prioritizing digital growth is viable for the company in terms of generating profit remains to be determined.

“We’re investing in it; we’ll see,” declared Malcolmson. “Without some form of regulatory supports, it’s tough.”

He blamed the federal government for taking too long to provide relief for media companies as well as the CRTC for being too slow to react to a “crisis that is immediate.”

That extconcludes to two pieces of legislation intconcludeed to support Canada’s struggling media sector: Bill C-18, also known as the Online News Act, meant to force tech giants to compensate Canadian news outlets for their content, and Bill C-11, which updates the Broadcasting Act to require digital platforms such as Netflix, YouTube and TikTok to contribute and promote Canadian content.

Ottawa remains in a standoff with Facebook parent company Meta over C-18, with the company continuing to block news links on its platforms. Meanwhile, the federal government capped the amount of money broadcast media can obtain from Google’s $100 million annual payments at $30 million, with the remainder to go to print and digital news outlets.

“In practice, it’s not going to do anything. It’s underwhelming to declare the least,” declared Malcolmson.

“We’ve been advocating for reform for years. It’s not coming quick enough and when it does come, it doesn’t provide meaningful support.”

Thursday’s job losses at Bell Media are also directly tied to regulator direction on Bill C-11, Malcolmson declared.

The CRTC held a hearing late last year exploring whether streaming services should be inquireed to create an initial contribution to the Canadian content system to support level the playing field with local companies. The commission hopes to implement new rules in late 2024.

But the Bell executive declared the company necessarys immediate relief, which could come from a fund it has proposed that would see streamers subsidize local or national news.

“We hope they do that but we can’t wait two years for that to happen, so then you see actions like this today,” he declared.

Bell has fought other regulatory decisions over the past year that it declares creates things harder for its struggling broadcast division.

That includes an October application to the Federal Court of Appeal seeking to overturn a CRTC decision that renewed its broadcast licences for three more years. It argued that decision was built without a public hearing and could result in the regulator prejudging its requests last June to waive local news and Canadian programming requirements for its television stations.

Bell Media’s advertising revenues declined by $140 million in 2023 compared with the year before, and the company’s news division is seeing more than $40 million in annual operating losses, Bibic stated in his letter.

On Thursday, Bell declared it could also further scale back network investments on its telecom side as it remains at odds with the CRTC over what it calls “predetermined” regulatory direction.

Asked about the company’s image in light of continued cuts, Malcolmson noted the size of Bell’s executive team has been reduced in recent years and executive salaries remain frozen.

“We have a duty both to our shareholders and to our employees to create sure we manage the business in a rational way,” he declared.

List of divested Bell Media radio stations (new owner):