Canadian media and broadcast company Rogers Communications said Monday it will eliminate approximately 200 jobs from its media business amid pressures from a weak advertising market and increased competition, Bloomberg reported.
The cuts amount to less than 5 percent of the company’s employees and are due to begin next month. The changes were announced to staff in an internal memo distributed on Monday.
Though the cuts are expected to impact the company’s TV, radio and publishing divisions, an exact breakdown of how the cuts would be distributed was not immediately available. Details may surface Wednesday, when the company is scheduled to report its fourth quarter results.
The news follows an announcement last week from Canadian newspaper chain Postmedia, which said it will cut 90 journalist positions across the country.
Rogers Communications subsidiary Rogers Media owns the City television network as well as other sports and specialty channels, more than 50 radio stations and several trade and business publications.