08:08:30 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 912,274,545
Close 2024-02-13 C$ 50.33
Market Cap C$ 45,914,777,850
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Globe says BCE wishes every day was Super Bowl day

2024-02-14 08:50 ET - In the News

The Globe and Mail reports in its Wednesday edition that the Super Bowl match between the Chiefs and the 49ers drew an average of 10 million viewers on Bell Media-owned CTV, TSN and RDS, up 16 per cent from 2023. The Globe's Konrad Yakabuski writes that unfortunately for BCE, the Super Bowl is a rare bright spot, as the financial viability of its broadcasting business is undermined by the rise of foreign streaming services and the near-total abandonment of conventional television by younger Canadians. Last week, BCE said it plans to cut 4,800 jobs across the company, including more than 400 at Bell Media. CTV will cancel weekday noon and weekend local news broadcasts, except in Toronto, Montreal and Ottawa, and sell 45 regional radio stations across the country. Heritage Minister Pascale St-Onge suggested that BCE was breaking a promise to maintain local news programs after Ottawa last year abolished licence fees that had cost Bell Media $40-million annually. Ms. St-Onge's comments suggested Ottawa expects BCE -- which earned an overall profit of $2.3-billion in 2023 on revenue of $24.7-billion -- to cross-subsidize Bell Media's money-losing news operations. The company clearly has a different notion of its obligations.

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