I thought this was funny, in that cynical kind of way.
City TV (which I believe is owned by Rogers) dumps staff across the country, mostly employees in the news departments. No money, sorry.
Now it's running Jerry Seinfeld's new reality tv show after having "acquiered" the Canadian rights to the show.
http://www.lfpress.com/entertainment/tv/2010/02/04/12743061.html