Media Industry News

TORONTO — As Canada’s biggest bookstore-turned-gift-giver’s-paradise edges toward privatization, it's evident from a stroll around one of its Toronto stores that the retailer knows some things haven’t been working.

OTTAWA — The CBC says a one-year investment of $42 million in the federal budget will help the organization avoid further "significant" staff and programming cuts.

CALGARY — At Calgary's Centre for Newcomers, where Kelly Ernst is chief program officer, staff have been — in Ernst's words — "run off their feet.

NEW YORK — Robert MacNeil, the Canadian-born journalist who created the even-handed, no-frills PBS newscast “The MacNeil-Lehrer NewsHour” in the 1970s and co-anchored the show with his late partner, Jim Lehrer, for two decades, died on Friday.

TORONTO — Despite a drop in advertising revenue, the chief executive of Corus Entertainment Inc. says he is confident the television and radio broadcaster can draw advertisers back as it focuses more on growing digital and streaming audiences.

OTTAWA — As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians' viewing habits away from traditional TV.

TORONTO — Postmedia Network Canada Corp. reported a net loss of $20.1 million in its latest quarter compared with a loss of $20.8 million a year earlier as its revenue fell 13 per cent.

WHITEHORSE — The Whitehorse Star newspaper in Yukon is closing after 124 years. The newspaper's front page on Friday announced that its last publication day will be May 17.

TORONTO — Bell Fibe subscribers are being warned that TV shows and movies saved on their PVRs will vanish much faster starting next month.

NEW YORK (AP) — Elon Musk's X, the platform formerly known as Twitter, has begun restoring complimentary blue checks for some of its users, the latest unexpected shift to cause a lot of confusion on the platform.