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Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 900,350,438
Close 2017-08-17 C$ 59.15
Market Cap C$ 53,255,728,408
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Globe says BCE competitor Bloomberg TV cuts programs

2017-08-18 08:32 ET - In the News

The Globe and Mail reports in its Friday edition that Bloomberg TV Canada is eliminating its two original in-house Canadian business programs, including its marquee evening interview show. The Globe's Niall McGee writes that the about-turn for Bloomberg TV Canada comes 19 months after the station's high-profile launch that saw it snag presenters such as Amanda Lang and Pat Kiernan. Twenty-two people involved in making two in-house shows will lose their jobs as a result. On Thursday, the CRTC approved a new licence that requires the station to run Canadian programming 35 per cent of the time as of Sept. 1, up from the current 25 per cent. It is unclear how Bloomberg TV Canada will fulfill those content requirements. While Bloomberg Television in the United States is owned and operated by media colossus Bloomberg LP, Bloomberg TV Canada is owned and operated by independent Canadian media company Channel Zero. Bloomberg TV Canada launched in November, 2015, and competes with BNN, which is owned by BCE's Bell Media. BNN was founded in 1999 and broadcasts live content throughout the business day. In the most recent figures available, it made a pretax profit of $11.1-million in 2015, according to the CRTC.

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