Hard times are hitting the media – sort of.
Canwest is laying off 560 employees across Canada – five percent of its staff.
Instead of pink slips, CBC’s giving out performance bonuses to execs.
The optics: bad. The timing: execrable.
South of the border, they’re moaning about layoffs in the publishing sector, including Al Gore’s Current TV.
Meanwhile, North of the border, Al Gore’s Current TV is expanding.
- Fly on the wall.
- Communication teams drafting speaking notes & key message.
- Layoffs in the US and We’re Expanding to Canada
Just like us bloggers, mainstream media seems happy to publish whatever crosses their desk, no questions asked.
How else do you explain a March 2008 prediction of little change to BC’s hot housing market over the next 2 years, and the October 2008 story predicting a drop in house prices of 18 percent over the next two years.
BTW: I have a bridge on offer if you’re interested.