Major cuts for the CBC announced Thursday.
Over the next two years, 657 jobs will be lost and the corporation will stop competing for rights to broadcast professional sports, except for the Olympics.
It’s part of $130 million in budget cuts.
President Hubert Lacroix says the CBC will need to re imagine itself and also sites a soft advertising market and disappointing performance in the 25-54 demographic on television.
Losing the rights to NHL broadcasts played a part in the shortfall, but Lacroix says the public broadcaster can no longer compete with private broadcasters over multi-media platforms.
No word yet on what effect the cuts will have on the CBC’s Northern bureau.
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