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Podcast: CANADALAND
Episode: Slash and Burn: How Cheap Debt Killed the News
Description: We’ve long heard about how the news business is failing - layoff after layoff, media execs have claimed that they have had no choice but to make cutbacks.In Bell’s latest round of 4800 layoffs, CEO Mirko Babic defended his decision to a parliamentary committee, claiming the company was struggling in a tough economic environment - and that news was part of what was bringing them down.But is that the full story? Because before Google and Facebook ate up advertising dollars, the Canadian media companies of the 90s made a bad...