The Changing Canadian Media Industry
October 20, 2016
The Canadian media landscape continues to shift and evolve.
On October 20th, Postmedia announced that they will cut salary expenses by 20% through buyouts. Staff have until November 8th to accept voluntary buyouts after which layoffs could be possible. This announcement follows one in January where Postmedia cut 90 jobs and merged newsrooms in four Canadian cities.
Rogers Media recently announced a major shakeup of its magazine division, closing many outlets, moving others to digital-only, and planning to sell others.
Here’s a summary of the changes:
- FLARE, Sportsnet, MoneySense, and Canadian Business will no longer exist as print magazines, but will be available on the web and on apps beginning January 2017, with new content posted daily
- Only four consumer magazines will remain in print, most with reduced print schedules:
- Maclean’s will become a monthly magazine
- Chatelaine and Today’s Parent move from monthly to 6x per year
- HELLO! Canada will remain a weekly print publication
- All French language publications will be sold, including Châtelaine, LOULOU, and L’actualité
- All 34 or Rogers business-to-business publications will be sold, including Marketing