There's plenty of pain going around CBC headquarters today after management slashed $130 million from its budget and hacksawed 657 jobs from the payroll.
But pain will be felt elsewhere in the country as a result, and nowhere more so than in the world of amateur sports.
After losing NHL hockey to Rogers and suffering a shortfall in ratings and advertising for its other properties, the corporation announced deep cuts on Thursday afternoon. Decisions on which jobs will be lost won't be made for a few months, but sports is expected to take a huge hit.
The main reason is CBC's announcement that it is out of the pro sports business and will carry only those amateur sports that can either produce a profit or break even.
"CBC and Radio-Canada will no longer compete with private broadcasters for professional sports rights," Hubert Lacroix, president and CEO of CBC/Radio-Canada said in a statement. "We will also cover fewer events and fewer sports. In addition, our involvement in amateurRead More »from CBC cuts could spell bad news for amateur sports