Dec 01, 2020
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Rogers tells CRTC that Citytv stations will focus on local programming

TORONTO — Rogers Communications (TSX:RCI.B) has submitted licence renewal applications to the CRTC for its conventional TV stations, seeking a seven-year extension and telling the regulator it wants to focus on local programming.

The company said in its filings Tuesday that it wants to dedicate 20 hours a week to local programming in each of its markets, half of which will go towards news shows.

“In our view, the Citytv stations have been (financially stretched) which has frustrated their ability to focus on core programming and service priorities such as local programming,” the company said in its filing.

“This has resulted in a lack of financial focus that has left them financially weak and unstable.”

“After years of relying too heavily on movie programming, we recognize that our schedule requires more investment and more consistency,” the company said.

Rogers paid $375 million in cash last year to buy CHUM Ltd.’s Citytv operations in Toronto, Vancouver, Calgary, Edmonton and Winnipeg – stations that CTVglobemedia was ordered to sell by the CRTC for its approval of the $1.7 billion purchase of CHUM.

Last December, Rogers announced that it would lay off an unspecified number of employees in its media division to deal with the economic downturn and weaker advertising revenue.

Source: The Canadian Press

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Headline, Industry News

Rogers tells CRTC that Citytv stations will focus on local programming

TORONTO — Rogers Communications (TSX:RCI.B) has submitted licence renewal applications to the CRTC for its conventional TV stations, seeking a seven-year extension and telling the regulator it wants to focus on local programming.

The company said in its filings Tuesday that it wants to dedicate 20 hours a week to local programming in each of its markets, half of which will go towards news shows.

“In our view, the Citytv stations have been (financially stretched) which has frustrated their ability to focus on core programming and service priorities such as local programming,” the company said in its filing.

“This has resulted in a lack of financial focus that has left them financially weak and unstable.”

“After years of relying too heavily on movie programming, we recognize that our schedule requires more investment and more consistency,” the company said.

Rogers paid $375 million in cash last year to buy CHUM Ltd.’s Citytv operations in Toronto, Vancouver, Calgary, Edmonton and Winnipeg – stations that CTVglobemedia was ordered to sell by the CRTC for its approval of the $1.7 billion purchase of CHUM.

Last December, Rogers announced that it would lay off an unspecified number of employees in its media division to deal with the economic downturn and weaker advertising revenue.

Source: The Canadian Press

Leave a Reply

Your email address will not be published. Required fields are marked *

Headline, Industry News

Rogers tells CRTC that Citytv stations will focus on local programming

TORONTO — Rogers Communications (TSX:RCI.B) has submitted licence renewal applications to the CRTC for its conventional TV stations, seeking a seven-year extension and telling the regulator it wants to focus on local programming.

The company said in its filings Tuesday that it wants to dedicate 20 hours a week to local programming in each of its markets, half of which will go towards news shows.

“In our view, the Citytv stations have been (financially stretched) which has frustrated their ability to focus on core programming and service priorities such as local programming,” the company said in its filing.

“This has resulted in a lack of financial focus that has left them financially weak and unstable.”

“After years of relying too heavily on movie programming, we recognize that our schedule requires more investment and more consistency,” the company said.

Rogers paid $375 million in cash last year to buy CHUM Ltd.’s Citytv operations in Toronto, Vancouver, Calgary, Edmonton and Winnipeg – stations that CTVglobemedia was ordered to sell by the CRTC for its approval of the $1.7 billion purchase of CHUM.

Last December, Rogers announced that it would lay off an unspecified number of employees in its media division to deal with the economic downturn and weaker advertising revenue.

Source: The Canadian Press

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Your email address will not be published. Required fields are marked *

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