CTVglobemedia to Layoff 105 Toronto Jobs

CTVglobemedia has just announced it will layoff 105 people in its Toronto TV division. The majority of the layoffs are from the former CHUM Ltd division that CTVglobemedia purchased for $1.7 billion.  CTVglobemedia spokesperson Bonnie Brownlee also added that the company will not make any more layoffs in 2008 and no comments were made concerning 2009. The layoffs are a direct result of the global financial crisis as the company tries to cut costs.