Corus trims staff at Global B.C., Global National, News 640 and talk radio amid losses

Corus Entertainment confirmed that it is reducing staff at several of its news and radio properties, specifically Global B.C., Global National, News 640 and its talk-radio division. The company described the reductions as a "small number" of changes aimed at creating a more sustainable structure while limiting disruption to local news and audio services. This move follows a wave of layoffs earlier in the year, primarily in Western Canada, that were part of broader programming adjustments.

In its most recent financial disclosure, Corus posted a net loss attributable to shareholders of $36.5 million for the third quarter, with revenue falling 16 percent compared with the same period a year earlier. The broadcaster is currently seeking approval for a proposed recapitalisation that would allow lenders to swap existing debt for equity in a newly formed parent corporation. The announced cuts are part of Corus's effort to stabilize its finances amid the revenue decline.