Corus Entertainment Inc. says it has “made some changes” at Global News, citing the same headwinds that have led to massive cuts at other media outlets.
Global News spokeswoman Anna Arnone says the move comes as part of an ongoing evaluation of its business and an efficiency review across Corus.
She says Global News is continuously working to improve content production and delivery but declined to offer further details, such as whether employees had been laid off, though she said certain roles had been impacted.
The move comes after Corus announced last week it had been informed by Warner Bros. Discovery that some of its programming arrangements would not be renewed when they expire at the end of the year.
On Monday, Rogers Communications Inc. said it signed multi-year deals with NBCUniversal and Warner Bros. Discovery for their popular lifestyle and entertainment brands in Canada, including HGTV, the Food Network and others.
Corus’ stock closed down five cents, or 17.5 per cent, at at 23.5 cents on the Toronto Stock Exchange on Wednesday.
SEE ALSO:
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- Trudeau says he’s furious over Bell Media layoffs, calling it a ‘garbage decision’
This report by The Canadian Press was first published June 12, 2024.
The Canadian Press
