This was inevitable, as both the Sun newspapers and owner Quebecor have faced declining revenues in the past several years. No details on where jobs will be lost; in addition to the Suns in Toronto, Ottawa, Winnipeg, Calgary and Edmonton, they own a number of monopoly dailies in Ontario (e.g. The North Bay Nugget) and weeklies across the country. However, the biggest loser will likely be the Suns themselves, all of which face competition in the marketplace. It is conceivable, particularly in the current economic crisis, that the Suns will flame out.
CTV/Canadian Press, December 16 2008
Filed under: Newspapers Tagged: | Sun chain
