Posted Nov 27, 2008, 6:27 PM
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Registered User
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Join Date: Apr 2006
Location: Hamilton, Ontario
Posts: 2,756
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Not Hamilton but anything in Toronto does effect us.
Quote:
CTV cuts 105 jobs in Toronto
TheSpec.com
CTV is cutting about 105 positions at its Toronto operations, according to a company spokeswoman.
It wasn't immediately clear what departments would be affected the television broadcaster, which also owns the TSN sports network, CTV Newsnet and MuchMusic among other properties.
Spokeswoman Bonnie Brownlee says staff are still being notified about the layoffs.
Earlier this month, CTVglobemedia president and CEO Ivan Fecan sent a letter to employees warning that falling advertising revenues would force the company to lay off workers and freeze hiring.
CTVglobemedia is owned 40 per cent by the Thomson family's privately held Woodbridge Co., 25 per cent by the Ontario Teachers' Pension Plan, 20 per cent by Torstar Corp. (TSX: TS.B) and 15 per cent by BCE Inc. (TSX: BCE).
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