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Stock impact report

Bell Media president Sean Cohan says layoffs were necessary to reach company's goals [Financial Post (Toronto, Ontario, Canada)]

BCE, Inc. (BCE) 
Last bce, inc. earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: bce.ca/investors/investoroverview
Company Research Source: Financial Post
TORONTO — Bell Media president Sean Cohan says recent layoffs and programming cuts are something he doesn't take lightly, but were necessary to accelerate the company's goals in the digital media landscape. On Tuesday, Cohan made his first public appearance since stepping into the executive role by speaking at the inaugural Black Screen Office Symposium in Toronto, where he used a keynote address to outline Bell Media's continued commitment to diversity. Article content Article content In an interview after the speech, Cohan said he takes issue with how layoffs across the country by parent company Bell Inc., have been characterized as “killing journalism.” In February, Bell announced 4,800 job cuts at all levels of the company, of which fewer than 10 per cent have affected Bell Media specifically. Bell Media also announced the end of multiple local newscasts across the country and said CTV's flagship investigative series “W5” would no longer be a standalone program. Cohan Show less Read more
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