The telco and media giant said it’s cutting nine per cent of its workforce to save $250 million in annual costs, closing 107 The Source electronics stores (in 58 that remain, Best Buy will take over most operations), and selling 45 of its 103 radio stations to seven regional groups. Bell said it hit all its financial targets for 2023, including increasing its free cash flow (though its net earnings were down) and shareholders will receive a 3.1 per cent dividend increase in 2024. (The Logic)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
The Big Read
Why Shopify is gambling millions on a decades-long green strategy
Panier Bleu’s future uncertain as Quebec government mulls pulling funding
1Password acquires Kolide
Waterloo-based Teledyne to supply Ukraine with more than 800 drones
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.