Heather Conway on the finances & future of the CBC
CBC and Radio-Canada will no longer compete with private broadcasters for professional sports. On the television schedule, you'll see one less drama in prime time, you'll see one less comedy. And that will be part of how we get to funding a $130 million shortfall.CBC President Hubert Lacroix
The mood here at CBC -- in every location across our country-- has been pretty sombre over the last 24 hours. Yesterday CBC management announced $130 million worth of cuts -- about 8 per cent of the CBC's budget.
657 full-time jobs will also be cut over the next two years--that amounts to about 8 per cent of the people who work here.
Management cited funding shortfalls, lower-than-expected advertising revenue and the fallout from losing our rights the National Hockey League. In addition, the CBC will no longer compete for the rights to broadcast professional sports and plans for local expansion will be halted.
Heather Conway was one of the people delivering the news yesterday. She is Executive Vice President of English Services at CBC. She is in charge of CBC Radio One and 2, CBC TV, CBC News, CBC News Network, CBC.ca and the network's documentary and digital operations. Heather Conway was in our Toronto studio.
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