Rogers Sports and Media cuts a ‘few dozen’ jobs in its audio business

Sammy Hudes, The Canadian PressRebecca Teltscher, portfolio manager of Newhaven Asset Management, joins BNN Bloomberg to discuss BCE selling MLSE stake to Rogers for $4.7B.“With the radio industry continuing to feel the pressure of an uncertain advertising market, we made some difficult but necessary changes in our audio business impacting roles in several markets,” said spokesperson Charmaine Khan.

The company said media revenue increased 11 per cent in the quarter compared with the same time last year, although that was “primarily as a result of higher sports-related revenue.” Rogers also offered voluntary departure packages to some employees last year amid its integration with Shaw Communications Inc. after the closure of its $26-billion purchase of the carrier.

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