The news is not good for those working in TV and radio, north of the border.

As many as 40 local television outlets and 200 Canadian radio stations could be forced to close in the next three years as the financial pressures faced by media companies intensify under the COVID-19 pandemic.

The news comes in a new study from the Canadian Association of Broadcasters. It warns that potential closures and widespread job cuts as private TV and radio broadcasters face a cumulative projected revenue shortfall of up to $1.06 billion by the end of 2022.

The CAB says it’s concerned about the fallout from a substantial erosion in local advertising revenues over recent months.

Roughly 40 of Canada’s 94 private TV broadcasters in danger of closing within one to three years, the research predicts.

H/T Global News