CKNW and CFOX-FM say goodbye to Todd Hancock, Neil Morrison, Stu Walters, Tom Mark, and Terry Bell
Some well-known broadcasters have received pink slips from Corus Radio.
It comes after Corus Entertainment's radio division recorded a sharp drop in profitability in the first two quarters of this fiscal year.
CKNW newscasters Tom Mark and Terry Bell, CKNW sportscaster Stu Walters, and CFOX-FM disc jockeys Todd Hancock and Neil Morrison are reportedly out the door.
The Straight has emailed Corus Radio Vancouver's general manager Brad Phillips seeking comment, but hadn't heard back as of this writing.
The share price of the parent company, Corus Entertainment, closed at $24.58 today, roughly halfway between its 52-week high and low.
Second-quarter revenues and net income were up this year over the same quarter of last year, according to the company's most recent financial statement.
However, much of that came from the television side of the business.
In its radio operations, Corus Entertainment revenues fell six percent over the first two quarters.
And what's worse for the bean counters at head office, profitability was down 15 percent on the radio side of the business over the same period.