"Canadian Media Giant Bell Media Implements Major Restructuring, Slashing Jobs and Selling Stations"
Bell Media is selling 45 of its 103 radio stations in Canada and cutting 4,800 jobs as part of a major restructuring. The company cited the radio business as no longer viable and will continue to operate only the viable stations. The 45 stations are being sold to seven different buyers, pending CRTC approval, with no disclosed terms for the sales. The stations being divested are spread across various provinces in Canada, and the restructuring is part of a significant shift in the Canadian media landscape.