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Bell cuts come after it was granted $40M in regulatory relief: St-Onge

‘They are not going bankrupt. They’re still making billions of dollars.’
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Canadian Heritage Minister Pascale St-Onge speaks to reporters on Parliament Hill after Bell Media announces job cuts, in Ottawa on Thursday, Feb. 8, 2024. THE CANADIAN PRESS/ Patrick Doyle

As Bell Media blamed regulators and policymakers for its decision to announce a fresh round of layoffs Thursday, federal and provincial politicians accused the company of unnecessarily killing off local journalism.

Heritage Minister Pascale St-Onge decried the company for breaking its promise to invest in news after it was granted more than $40 million in annual regulatory relief.

That’s the same amount the company said its news division, which includes CTV News and BNN Bloomberg, is losing annually.

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