Bell Media says it plans to cut as many as 120 jobs in Toronto this summer due to “financial pressure” in its advertising and subscription TV services.
Bell Media president Kevin Crull wrote in an email to Toronto staff, “The television industry is subject to a competitive and fast-changing business environment,” “The difficult decision to reduce staffing in certain operations was made as we continue to face financial pressure related to advertising and subscription challenges across our TV services.”
Crull said. “We will work as quickly as possible to ensure minimum disruption, and hope to resolve the situation by the end of the summer.”
Earlier in the day, CTV News confirmed that its prime-time current affairs show “Kevin Newman Live” had been cancelled.