Faced with a $C125 million ($92.1 million) budgetary shortfall for its fiscal 2024-2025 year, the CBC/Radio-Canada has announced that it will reduce programming costs and cut approximately 10% of its workforce.
The corporation said that the belt-tightening measures are as a result “of the same structural factors affecting all media companies in Canada,” including rising production costs, declining television advertising revenue and fierce competition from the digital giants.
