Bell Media Is Firing People Left and Right – but Profit Is Up.
Nov. 19, 2015 – More names emerge as Bell Media cut details filter out. On November 6, 2015, CBC News reports Bell Media announced more job cuts affecting Toronto and Montreal. Further, a CBC News source confirmed that 270 positions will be cut in Toronto and another 110 in Montreal.
CBC says, “In Toronto, Unifor local 723M President Kelly Dobbs said the union has been told that 220 of the layoffs will come from production and editorial operations, 45 will be in sales and marketing and five will come from administration.”
Further reports on November 19, 2015, a high-profile name has been recently revealed in the recent round of cuts-long-running sports show Off the Record. However, host Michael Landsberg will remain with TSN and will produce shorter Off the Record segments for the news show SportsCentre.
As of November 19, 2015, the following high-profile names who they know have fallen victim to Bell Media’s recent round of job cuts: CTV News Ottawa co-anchor Carol Anne Meehan, CTV anchor Dan Matheson, Longtime Toronto sports reporter Suneel Joshi, and Vancouver-based CTV news reporter Lisa Rossington. CBC News provides the complete list of names.
Bell Media has also laid off dozens in CTV, cable news channel CP24, Business News Network, TSN, Much, MTV, and M3.
CBC News reports that on November 4, 2015, the day before Bell Media announced job cuts, BCE stated in their recent quarterly report that its “Bell Media division had an adjusted profit of $183 million, up $1 million from last year. Revenues at Bell Media grew 4.1 per cent to $692 million, helped by better sales with advertisers and increased subscriber revenues from CraveTV, its streaming video service which competes with Netflix and Shomi.”