The Press reports, “CBC News general manager Jennifer McGuire said in a note to staff Wednesday that investments such as enhancing the digital presence of ‘The National’ and expanded podcasting has created pressure in its operational budgets.
“She says that along with cancelling ‘On The Money,’ CBC has in recent months found savings through discretionary spending, the closing of an international bureau, changes to workflow and technology, and largely attrition-based job cuts.
“McGuire says that while CBC has had a daily business program on its all-news channel lineup since its launch in 1989, the loss of the program doesn’t mean a move away from deep business coverage.”
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