CHUM Radio, a division of CTV Ltd. confirmed today a strategic staff reduction as part of its ongoing efforts to reduce operating expenses. Affected are 40 positions, including 17 terminations and 23 vacancies that will be eliminated.
“Today’s announcement is a consequence of the decline in advertising revenue, as a result of the current economic climate,” said Chris Gordon, President, CHUM Radio. “We are proud to be the leaders in most of the 16 markets that we serve, and while these actions are necessary; our focus continues to be on our listeners and advertisers across Canada.”
The staff reductions will impact stations in Victoria, Vancouver, Edmonton, Winnipeg, London, Toronto, Peterborough/Lindsay, Ottawa and Montreal, and are effctive immediately.
{ 1 trackback }