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Canada’s CBC Welcomes $30M Gov’t Funding Boost & Says It Can Now “Preserve Jobs”
Canada's CBC has welcomed the Federal Government budget after layoffs last year.
Following a tough few months that has seen mass layoffs, Canadian national broadcaster CBC has welcomed a one-year investment of CA$42M ($30.4M) from the federal government. Last December, the corporation forecast CA$125M in financial pressure for the 2024–2025 fiscal year and CBC and Radio Canada have since initiated mass layoffs of around 140 people or 10% of the workforce, partnered with a big program spend reduction. “These investments come at a critical time as the industry continues to find its footing, following multiple years of turbulence and uncertainty,” said Reynolds Mastin, President and CEO, CMPA.
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