Terrible news from Bell Media

The recent announcement by BCE Bell Canada Enterprises and BellMedia to layoff more than 4800 news reporters across Canada is terrible. This is a company that earned more than $2 Billion in 2022 and had net earnings of 2.3 Billion in 2023. The company claims that running radio and television stations is not sustainable. Of course the company separates the media division from the rest of the corporation and argues that the media division is not profitable enough. Horsefeathers. I don't trust this corporate nonsense. If things are so bad, Bell should sell off the media assets to people who know how to run broadcasting companies. This is bad because the news industry is taking a hard hit for the worst reasons. This is going to hurt so many small towns and cities across Canada who will lose out on local news coverage.