Here's proof that those brutal CHUM/City lay-offs earlier this month had nothing to do with the Bell Globemedia takeover. The pertinent graphs are way down in a Globe and Mail Report on Business story today that dealt mostly with the financials of the deal.
The documents also describe how CHUM executives knew little of the negotiations. BGM chief executive officer Ivan Fecan informed CHUM CEO Jay Switzer of the deal to buy the company on June 30.
It was at that point, the documents say, that Mr. Switzer informed Mr. Fecan that CHUM had spent the past nine months reviewing its TV operations and had decided on a "significant restructuring." The move, which included cutting 281 jobs, was to be announced in the next two weeks. The layoffs were revealed the same day the deal was announced.
Which is just what Jay Switzer told me the day after the deal and lay-offs were announced.