Canwest isn’t the only major media company that’s using that recent CRTC ruling against them as an excuse to take a giant axe to their staff. CTV has implemented a hiring freeze, cut budgets and is asking managers to find “efficiencies” so they can start laying people off.

The Tea Makers has a copy of the memo.

Let’s see if the Globe and Mail (which is owned by CTVglobemedia) has a long schadenfreudian story about this latest announcement like they have about Canwest’s recent difficulties.