Corus cuts jobs at Global News and radio stations

Corus Entertainment Inc. has announced a new round of job cuts affecting its television and radio news operations, impacting staff at Global BC, Global National, News 640 in Toronto, and unspecified talk radio stations. The company disclosed the reductions in a statement on August 20, 2026, describing them as a "small number of changes in select markets" necessary to structure teams sustainably while minimizing disruption to local news and audio delivery.

The layoffs come as the Canadian media company faces significant financial pressure. Corus recently reported a net loss attributable to shareholders of C$36.5 million for its fiscal third quarter, with revenue declining 16 percent compared to the same period the previous year. Total revenue fell to C$249.4 million from C$297.8 million, a decrease of C$48.4 million. Television segment profit dropped sharply by 53 percent, as both advertising and subscriber revenue decreased at a faster pace than cost-saving measures could offset. The company has implemented cuts to television employee expenses and other operational costs in recent quarters.

The August 20 announcement follows a larger round of cuts in mid-July 2026, which...