10 replies to this topic

[AllseeingEye]

Sounds like big changes coming to the org, apparently the latest cutbacks in a long series of them happening this week: http://www.pugetsoun...ncouver-island/

[Rob Randall]

Layoffs of behind-the-scenes staff at CTV Victoria today.

[AllseeingEye]

A bit more information here from the PSR site on the Bell cuts impacting Victoria: 

 

http://www.pugetsoun...rs-cut-bell-bc/

 

I always look forward to the COMMENTS on PSR especially from industry insiders; after the initial story is announced and digested there is usually some insightful input.

[VicHockeyFan]

 

Seems odd to blur that, no?

 

 

[Nparker]

Seems odd to blur that, no?

CHEK didn't last night in their story.

[jonny]

Funny, during last night's broadcast, CTV Vancouver didn't blur the white bones inside the shoe.

[Bambam]

Not Bell Victoria, but Bell Canada corporate and this will be big news on the sports-TV landscape if as rumblings indicate BCE sells of iconic sports channel TSN.

 

Probably not surprising as Bell already announced it was divesting itself of money-losing sports TV and sports generally, as its already dumped its shares in Maple Leaf Sports and Entertainment (Maple Leafs, Raptors and Blue Jays). This is all directly due to declining viewership as TV sports fans, like radio listeners, bail in droves on traditional viewing channels in favor of streaming options. 

 

TSN has seen declining revenues for several years now and according to these industry sources if a buyer can't be found the old 'termination axe' will be wielded and we'll see lots of very familiar, and high priced presumably, Canadian sports reporters and commentators out on the street looking for work.

[Victoria Watcher]

BCE Inc. paid its top executives more than $5-million in bonuses, including nearly $2.4-million to chief executive officer Mirko Bibic, after a year in which its stock dropped 30 per cent, sales and profits declined and the company laid off 4,800 workers.

 

Despite the large payout, Mr. Bibic’s bonus declined nearly 20 per cent from 2023, leading to an overall drop in pay in 2024. Bonuses for group presidents John Watson and Blaik Kirby – two other executives who were in the same positions both years – declined 14 per cent and 23 per cent, to $792,000 and $711,000, respectively.

 

Mr. Bibic made $12.82-million in 2024, down from $13.43-million in 2023. Stock awards valued at $8-million made up the bulk of his pay in both years.

 

Last year was a difficult one for the telecom sector over all, with fierce competition for mobile customers suppressing revenue, high debt levels persisting despite companies’ goals to pay them down and lower immigration reducing future customer growth.

 

According to S&P Global Market Intelligence, BCE had the worst shareholder return in 2024 of the big three telecom companies, with a decline of 30 per cent, including dividends. Shareholder returns fell 26.1 per cent at Rogers Communications Inc. 

 

BCE’s decline was largely the result of investor reaction to its $5-billion acquisition of U.S.-based Ziply Fiber, and the accompanying pause in annual dividend growth for the first time in 16 years. The company had previously signalled it would use cash it planned to raise from the sale of its $4.7-billion stake in Maple Leaf Sports & Entertainment Meanwhile, BCE was carrying more than $40-billion in total debt. Also, it was paying a dividend that cost the company more than it had been earning in free cash flow, prompting calls from analysts to cut it by more than 50 per cent.

 

 

 

https://www.theglobe...ofit-and-stock/

Edited by Victoria Watcher, 02 April 2025 - 01:05 AM.

[Victoria Watcher]

Bell slashes nearly 700 jobs in latest round of layoffs

 

ell Canada says it has cut about 690 manager and news division jobs

 

https://www.cbc.ca/n...yoffs-9.6986533

 

 

 

The company has cut thousands of jobs in the last year and a half. That includes 1,300 cuts in June 2023, and, in February 2024, Bell announced that it laid off 4,800 employees and would shutter several dozen radio stations, plus further layoffs aimed at technical staff in June the same year.

Edited by Victoria Watcher, 20 November 2025 - 12:54 PM.

[Victoria Watcher]

Marilyn Denis is signing off after 40 years on Toronto morning radio airwaves.

The Canadian broadcasting personality announced Thursday that she will step down from her hosting role at CHUM 104.5 this summer.


https://www.ctvnews....after-40-years/

Edited by Victoria Watcher, 26 February 2026 - 09:27 AM.

[Victoria Watcher]

 

 

 

1420 Broad Street Building is a three storey commercial building with a below grade basement, located at the highly exposed corner of Broad Street at Pandora Avenue, at the northern edge of Victoria’s historic Old Town. The building is situated across the street from Victoria City Hall and Centennial Square and is notable for its elegant and understated Edwardian-era design, including its sand-lime brick cladding and segmental-arched windows. The building was constructed circa 1907 and has had several major renovations in 2001/2007 and was seismically upgraded in 2001. The building is constructed of historic timber and decking, steel columns and braces, steel beams, and cast-in-place concrete. The move in ready office space is efficient and well-appointed and offers charming historic flourishes of brick, historic timber and steel throughout. The underlying land has residential development potential with a mid to long term horizon.

 

 

https://www.realtor....ctoria-downtown

Edited by Victoria Watcher, 06 May 2026 - 01:13 AM.