Driving our business to emerge even stronger
At Rogers Media, we are committed to delivering world-class content to consumers. It’s a new era in the media industry, one that is challenging yet full of opportunity. These changes are driven by the rapid pace of technological advancement, the increase in global choices for consumers, and an ever-changing advertising market.
Today we made changes to our business that will allow us to continue to make investments in our priority brands and strategic growth initiatives, and better position us for the future while helping us effectively manage our costs.
As a result of these changes, 94 of our colleagues across Rogers Media are leaving the company. This represents approximately 2% of our workforce at RMI. Decisions like these are never easy, but are necessary. I know you join me in thanking these individuals for their contributions to Rogers Media, and in wishing them success in the future.
Although today is a difficult day, we must not lose sight of your recent successes. We have made significant strides in transforming our business to drive growth and remain competitive with the launch of such initiatives as Next Issue Canada, our investment in The Shopping Channel, and the expansion of brands, such as Chatelaine and Sportsnet, across multiple platforms. These are all important integrated efforts of which we should all be very proud.
While we saw good momentum in Q3, we must remain laser focused on our vision – build strong brands with compelling content that resonate with consumers across multiple platforms on any device. This vision is the anchor of our decision making, and we need to refocus our resources to realise it.
Thank you for your continued dedication and commitment to our success.
President, Rogers Media