Media Industry News

MONTREAL — The TVA Group says it is laying off 547 employees — nearly a third of its workforce — amid restructuring as the company contends with declining audiences and ad revenues.

MONTREAL — Cogeco Inc. reported a profit attributable to shareholders of $29.2 million in its fourth quarter, down 19.8 per cent from earnings of $36.4 million during the same period a year ago.

While BCE Inc. is “well on track” to meet its fibre internet build targets, the company’s chief executive has warned that the company is prepared to delay progress in 2024 in the face of regulatory uncertainty.

TORONTO — Thomson Reuters Corp. announced plans to invest more than US$100 million a year in generative artificial intelligence.

TORONTO — CTV is adding a national evening newscast to its weekday schedule. CTV News says Sandie Rinaldo will anchor an early edition of "CTV National News." The 30-minute broadcast will air weekday evenings at 5:30 p.m. ET/PT, beginning Nov. 13.

Canadian businesses using Facebook or Instagram have a new way to mark their authenticity. The platforms' owner, Meta Platforms Inc.

TORONTO — A potential move by Canada's telecommunications regulator to ease some Canadian content spending requirements for Corus Entertainment Inc.

Rogers Communications Inc. is closing its CityNews Ottawa radio station and laying off newsroom staff, citing dwindling audiences and regulatory challenges.

OTTAWA — Global Affairs Canada says a social media campaign that is likely connected to the People's Republic of China is targeting dozens of MPs with spam.

TORONTO — Bell Media announced a tentative $410-million deal Monday to buy the Canadian operations of outdoor advertising company Outfront Media Inc. in a move that experts say could solidify its hold on the out-of-home advertising market.