Canada’s CBC Fires 240 in Local News Amid Funding Cuts

Bloomberg: Canada’s public broadcaster is firing more than 240 workers amid competition from the Internet. The Canadian Broadcasting Corporation, which provides news and entertainment on its TV and radio stations across the country, will cut more than 140 local news jobs in its English-language service and 100 in its French-language service. The broadcaster announced in June it would reduce its ranks because of decreased government funding and advertising revenue.