Corus Entertainment Inc. is eliminating an undisclosed number of roles as it centralizes the production of its Global News broadcasts for Alberta.
The Toronto-based media company announced the operational shift on Tuesday, framing the move as part of broader programming changes designed to improve efficiency across its national network.
5 million for the quarter ended May 2026, driven by a 16% year-over-year decline in revenue.
The layoffs come as Corus navigates a period of financial strain and strategic uncertainty.
The company reported a net loss attributable to shareholders of $36.5 million for the quarter ended May 2026, driven by a 16% year-over-year decline in revenue.
Consolidating regional news operations is a common cost-saving measure in the broadcasting sector, aimed at reducing overhead while maintaining journalistic output.
The restructuring also unfolds against the backdrop of a complex corporate standoff.