Bell and Rogers made over $4.2 billion profit in 2020. That didn't stop them from taking $200 million in subsidies meant for struggling businesses.
I think they should pay that back
I think they should pay that back
Bell and Rogers
- Thread starter Claudia Love
- Start date
I agree. I didn’t take government help during the pandemic. One facet of business closed down but another facet bloomed and basically made up the difference. Well almost. Slight profit loss compared to past years.
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Massive corporations with easy access to credit don’t need these subsidies. Bell and Rogers aren’t even struggling!
Bell even increased their dividend to shareholders – paying out billions to rich investors – while laying off workers.
Not only did Bell take the $200 Million subsidy; they don't even employ Canadians in their Mobility Call Centre (it's in the Philippines); and they fired a bunch of talent at their Bell Media property TSN; including shutting down the Vancouver and Hamilton TSN affiliates in mid-broadcast.
Fuck Bell. Not that Rogers is much better - but at least when you phone into Rogers to discuss your Cell Phone, you are talking to Canadians.
I do like that I can talk to Canadians and they tell you where they are calling from. I often get into chats about local differences of weather or events or lately it has been comparing COVID numbers and lockdowns.
I have had to change over my dads entire set up from Bell to Rogers and have had some internet interruption issues personally, so I have been chatting with them a bit lately.
nothing new. many companies outsource their manufacturing and services, including telus. after all, it's all about the bottom-line
Don’t forget that they refused to give their employees raises this/last year. They also changed surveys so their employees get the blame meaning they don’t have to pay them bonuses.
I've had to deal with those outsourced Call Centre workers that Bell employs several times in the last few months; their English is good enough, but they are not 100% proficient. The people in the Philippines, outside of doing basic things, really can't do much - if you have a technical issue with your service, they usually have to send it to someone else.
Bell & Rogers are simply cold, hard, capitalist organizations.
$$$ is the only goal. These picks will never get my $$$.
What you're talking about is benevolence and dignity. These things don't exist in their world.
Bell & Rogers get your money in so many ways; you probably don't even realize you are giving it to them. Their Media divisions are basically everywhere.
680 News = Rogers
CityTV = Rogers
Omni = Rogers
Sportsnet = Rogers
TSN = Bell
CP24 = Bell
CTV = Bell
BNN = Bell
Crave = Bell
Blue Jays = Rogers
Raptors/Leafs/Argos/Toronto FC = MLSE
The majority shareholders of MLSE include Rogers and BCE at 37.5% for each.
I didn't even include the radio stations in that.
They own the sports teams; they own the media properties; and they own the distribution as well.
So, yes, the pricks will get your $$$.
...Stop bitching and buy the stocks. BCE yield is over 6% and they raise it every year.
Same advice I give to everybody bitching about the banks.
Stop bitching and start buying.
None of them are overvalued right now, all pay around 4% or more and all raise their dividend every year.
Same advice I give to everybody bitching about the banks.
Stop bitching and start buying.
None of them are overvalued right now, all pay around 4% or more and all raise their dividend every year.
That is it. I get that the thought of “if they are going to give you money” and I will be the first to admit that I take advantage of every tax break, etc but if big corporations that didn’t need the money left it alone, then there would be more to be able to help small businesses and for longer now that we know this pandemic will be longer then anyone really expected.
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The problem is us, Government and CRTC. The Government won't allow any other foreign company to enter our market and invest or setup another network. Remember Wind Mobile the Egyptian CEO said you can't do business in Canada.
If we told Politicians we want two more foreign companies. it will be a straggle IF allowed in, they have to adhere to Gov't rule and PRICING. So there will never be an outside company.
Not only are Bell laying off high quality radio employees, they're also destroying iconic radio stations.
For example, Halifax's popular radio station, C-100, has been gutted recently as Bell Media and iHeartRadio have gotten rid of high quality radio hosts
Media companies like Bell Media, Bell, and Bell Aliant are contributing to the K-Shaped Recession as they are getting wealthier and generating more profits, but then have a nerve to cut employees at the same time. That type of behavior is no wonder why Canadians are fighting for Guaranteed Basic Income to that the rich finally pay. When Bell receives the subsidies they give them self a bonus and in a time of rampant lay offs.
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