Corus Entertainment CJR.B-T

announced Friday it was closing two of its Montreal radio stations in a move that will cost 10 employees their jobs.

The media company said AM Info 690 and AM940 were not profitable or viable in the current economic climate and would cease operations at 7 p.m. Friday.

Corus said it unsuccessfully tried to grow audience and revenue at both stations while operating them as efficiently as possible.

The decision affects eight employees at Info 690, including three journalists and two traffic reporters. One on-air host and a technician will be cut at AM940 Montreal’s Greatest Hits.

Five other journalists and three traffic reporters at Info 690 will keep their jobs, moving over to the newsroom at Corus’s 98.5 FM station. CorusNouvelles will provide news to the entire Corus Quebec network.

The operating licences for the two stations will be returned to the Canadian Radio-television and Telecommunications Commission.

Corus employs 466 people in Quebec.

Quebec’s largest private broadcaster reaches more than 4.5 million listeners weekly through several stations across the province, including CKOI.

Corus Entertainment recently filed a preliminary prospectus to raise up to $500-million in new debt securities.

It operates a broad array specialty cable channels, including YTV, Treehouse, W Network, and Cosmopolitan TV, as well as Movie Central and HBO Canada in Western Canada.