BCE CEO: We Might "Shed Some Radio Stations" As Profits Shrink

Posted by RadioActive
November 7, 2024 2:06 pm
#1

BCE's 3rd quarter losses may lead to some big changes down the road. The giant company reported the downturn in its profits on Thursday, and "recorded $2.11 billion in asset impairment charges, mainly related to Bell Media's TV and radio properties."

That kind of hemorrhaging can't go on and CEO Mirko Bibic says if it continues, they may have to look at divesting from some of the more cash draining businesses they're involved in.

"if some assets are going to perpetually decline, we might shed those lines of business, like some of the radio stations. We're being pretty diligent in managing the declining segments ... and we're continuing to invest aggressively in the growth areas."

Many here have listened to the obvious and ongoing decline in CFRB, and don't think Bell getting out of radio would be a bad thing overall. 

Bibic also explained the firm's baffling expensive purchase of a U.S. company this month, which he tries to justify in the article below.

BCE declined regulatory relief, reports Q3 loss on asset impairment charge

 


 
Main page
Login
Desktop format