TVA Group cuts 87 broadcasting jobs amid ongoing ad revenue decline

The company cites continued financial strain driven by revenue losses and industry-wide advertising challenges.

TVA Group has cut 87 positions across its broadcasting operations as the company continues to grapple with financial losses tied to declining ad revenues.

Announced Wednesday (Nov. 12), the reductions affect permanent, temporary and shift roles in Montreal, as well as regional stations in Trois-Rivières, Sherbrooke, Saguenay and Rimouski.

“It is with great regret that we see our valued contributors leave,” said Louis-Philippe Neveu, VP of operations, news and sports, in a release. “Every day, TVA and its teams do essential work to inform and entertain Quebecers. Unfortunately, the precarious state of the industry, which is having a significant impact on our company’s financial situation, forces us to make difficult but unavoidable choices.”

In today’s release, TVA says its financial position has continued to deteriorate, with cumulative net losses of more than $93 million since January 2022, largely attributed to declines in advertising revenue despite previous restructuring efforts.

The latest cuts bring the total number of eliminated broadcasting jobs to nearly 800 since restructuring began.

Acting president and CEO Pierre Karl Péladeau pointed to a lack of government action to support the broadcasting sector, noting that proposed measures such as removing advertising from CBC/Radio-Canada, or introducing tax credits for broadcast journalism and local media advertising, were not included in the 2025 federal budget.

“The solutions have been detailed time and time again,” said Péladeau. “For TVA Group to remain viable and continue investing in local content and news, governments and the CRTC must take action and implement measures to change the parameters of the ecosystem.”

This article originally appeared in Playback.