Quote of the week

 

Bell Media spokesman Matthew Garrow confirmed a union report that a number of employees were told last week their jobs would end due to a reorganization designed in part to address declines in advertising revenue.

“Like other Canadian broadcasters, we are confronting rapid change in the media marketplace including new broadcast technologies and viewing options and fast-growing international competition,” he said.

“As the media marketplace evolves, local radio and TV stations are facing significant declines in advertising, their only source of revenue. We need to reorganize and reduce costs to manage the impact.”