Bell Media: Difference between revisions

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On October 3, 2023, BCE announced that Oosterman would be retiring from the conglomerate by early January 2024, and would be replaced as president of Bell Media by Sean Cohan, a former executive for the American media companies [[A&E Networks]] and [[Nielsen Holdings|Nielsen]].<ref>{{cite web|url=https://www.thecanadianpressnews.ca/business/bell-media-president-wade-oosterman-to-retire-to-be-replaced-by-sean-cohan/article_aac7918c-6401-5632-857b-ac35f39f0089.html|title=Bell Media president Wade Oosterman to retire, to be replaced by Sean Cohan|author=<!-- uncredited staff -->|agency=[[The Canadian Press]]|date=October 3, 2023|access-date=October 5, 2023}}</ref> On October 23, 2023, Bell Media acquired Outfront Media's Canadian business for $410 million.<ref>{{Cite web |date=2023-10-23 |title=Bell Media signs deal to buy Outfront Media's Canadian business for $410 million |url=https://ca.finance.yahoo.com/news/bell-media-signs-deal-buy-150354984.html |access-date=2023-10-23 |website=Yahoo Finance |language=en-CA}}</ref>
 
On February 8, 2024, BCE announced that it would cut 4,800 positions, citing declining revenues, and new CRTC requirements mandating that the company offer wholesale access to its fibreoptic telecom networks to competitors. Due to the restructuring, Bell Media announced that it would sell 45 of its radio stations, cut most noon and weekend newscasts across all CTV stations, and cut programming at CTV News Channel and BNN Bloomberg, and sell 45 of its 107 of its radio stations to Arsenal Media, [[Durham Radio]], [[Maritime Broadcasting System]], [[My Broadcasting Corporation]], [[Vista Radio]], Whiteoaks Communications, and [[ZoomerMedia]].<ref>{{Cite web |last=Thiessen |first=Connie |date=2024-02-08 |title=Most noon, weekend CTV newscasts cancelled as part of cuts at Bell Media |url=https://broadcastdialogue.com/most-noon-local-ctv-newscasts-cancelled-as-part-of-cuts-at-bell-media/ |access-date=2024-02-08 |website=Broadcast Dialogue |language=en-US}}</ref><ref>{{Cite web |last=Thiessen |first=Connie |date=2024-02-08 |title=Bell to reduce workforce by 4,800, divest 45 radio stations |url=https://broadcastdialogue.com/bell-to-reduce-workforce-by-4800-divest-45-radio-stations/ |access-date=2024-02-08 |website=Broadcast Dialogue |language=en-US}}</ref><ref>{{cite news |date=February 8, 2024 |title=Bell Media planning cuts to CTV, BNN Bloomberg following BCE layoffs, sale of 45 radio stations |url=https://www.cbc.ca/news/business/bce-cuts-1.7108658 |access-date=February 8, 2024 |work=CTV News}}</ref>
 
==Operations==