CBC Budget Cuts Eliminate 657 Jobs and pulls Broadcaster Out of Professional Sports
by TarikA on April 23, 2014 - 7:31pm
On April 10, Hubert Lacroix, CEO and President of CBC/Radio-Canada, announced a massive $130 million slash of the public broadcaster’s budget, due to poor ad revenue and the loss of the rights to their flagship hockey program last December. In an article posted on CBC News’ website on April 13, 2014, titled “CBC to cut 657 jobs, will no longer compete for professional sports rights”, it is detailed that the broadcaster’s choice to drastically cut the budget, due to lack of funding from the Canadian government and a slow performing advertising market, has resulted in the elimination of 657 jobs over the next two years.
In order to cut down the costs, the public broadcaster has resolved to “substantially” reduce the size of its sports division, deciding to only focus on broadcasting events of “national significance” in order to allow the network the possibility to break even on the costs. This, according to Lacroix, is the result of the competition that private broadcasters pose in the realm of sports broadcasting, a playground in which the CBC is unable to keep up with in terms of the costs. Apart from sports, the CBC will also be sizing down the budget of its news division, by cutting $13.3 million from its budget, which will result in 115 job losses.
For a few years, these cuts have been looming over the CBC and have created a cloud of uncertainty about the future of the broadcaster. With little funding from the federal government and sagging ratings on both television and radio, many wonder if public broadcasting in Canada will only continue to decline at the hands of private corporations and the ever-present American media market.