Except from the Bell restructuring letter. Even if you’re not involved in media or Internet… It’s still fascinating… Lots of blame game happening. The future media will be nothing like we know.
“However, we continue to face a difficult economy and government and regulatory decisions that undermine investment in our networks, fail to support our media business in a time of crisis and fail to level the playing field with global tech giants. Of particular concern is a recent decision by the CRTC forcing Bell to provide third party resellers access to our high-speed fibre network before we have even had an opportunity to recoup our multi-billion dollar investment. As I’ve shared before, at Bell Canada every year we can expect to lose over $250 million in legacy phone revenues. At Bell Media, our advertising revenues declined by $140 million in 2023 compared to 2022. Across Bell Media’s news operations, we continue to incur over $40 million in annual operating losses “