As part of restructuring announced this week, the parent company of Bell Canada is selling off 45 of its 103 radio stations, including five in New Brunswick and Nova Scotia.
Bell is selling all five stations to Halifax-based Maritime Broadcasting Systems, which already owns 24 stations across the Maritimes.
Subject to CRTC approval, MBS Radio will buy CIKX in Grand Falls, CJCJ in Woodstock, CKBC in Bathurst, and CKTO and CKTY, both in Truro.
As part of the cuts announced on Thursday, Bell said it will also cut 4,800 jobs “at all levels of the company.”
This round of job cuts is the company’s largest in nearly 30 years, and follows the elimination of 1,300 positions last June.
The company said restructuring is expected to save approximately $150 million to $200 million in 2024 and $250 million on an annual basis.
What happens to sold stations?
The Maritime stations’ listeners…
