Bell Media sells Lindsay radio station to Durham Radio as corporate giant announces more layoffs across country
By Lindsay Advocate
CKLY in Lindsay and two Peterborough radio stations (CKPT and CKQM) have been sold, as Bell Media announces more layoffs across Canada.
In a major restructuring move, BCE Inc. is selling 45 of its 103 local radio stations across four provinces: British Columbia, Ontario, Quebec and Atlantic Canada.
The company revealed on Thursday in a public letter from its CEO Mirko Bibic that it would reduce its workforce by nine per cent, affecting 4,800 employees “at all levels of the company.”
Some of the affected workers, including journalists and other Bell Media staff, have already been notified or will be informed on Thursday, while the rest will be told by the spring. Bibic said the company will try to minimize the layoffs as much as possible by using vacancies and natural attrition.
This is the second major round of job cuts at the media and telecom giant since last spring, when it closed or sold nine radio stations and eliminated six per cent of Bell Media jobs.
It is not known yet if any local jobs in Lindsay will be affected.
Just months ago Metroland Media filed for bankruptcy protection and stopped printing almost all of its community newspapers.