More news from the media industry as broadcasters continue to make cuts among the economic slump. CTV Television Inc. has laid off more than 24 employees at its Canada AM morning show, and axed its last remaining early morning local newscast in the country.
The cuts specifically impact staff who produce local segments for Canada AM. As a result, several markets across the country will lose their local news inserts, which were part of the Canada AM broadcast which aired exclusively in their market.
CTV also announced the cancellation of First News in Montreal, which will cause three CTV employees to lose their jobs and leave a vacant position unfilled.
The latest round of cuts come as CTV slashes news operations across the country to battle with declining advertising revenues as companies rein in their budgets.
No word on the amount of people affected in the Winnipeg market.
via The Canadian Press
Thanks to Sean for the tip.
