Sun Media Closing 11 Publications - 360 Jobs Lost

By Bizclik Editor

The July edition of The Business Review Canada is now live!

Three publications in Quebec and free daily newspapers in Edmonton, Ottawa and Calgary are the latest in a string of print casualties directly related to the digital revolution.

On Tuesday, Sun Media Copr., and Quebecor subsidiary, announced that it was shutting down urban dailies 24 Hours in Edmonton, Calgary and Ottawa, and eight other publications that will cut 360 jobs in the process.

L’Action Regional in Monteregie, Le Magazine Saint-Lambert and Le Progres de Bellechasse are the operations in Quebec that are also getting the proverbial axe.

Read related content:

The elimination of the publications is expected to save about $55 million a year when combined with operational changes, says the Company.

Julia Tremblay, chief operating officer for Sun Media Corp. says, “In recent years, the print media industry has been going through an unprecedented transformation such as it has never seen before.”

“The management decisions we are making are difficult and highly regrettable, particularly the job cuts. However, the downsizing is necessary to maintain a strong positioning for our news media outlets on all platforms, and more broadly to secure our corporation’s future success in an industry that is being revolutionized by the advent of digital.”

Share

Featured Articles

Possibilities endless as generative AI takes centre stage

Generative AI is already playing a pivotal role in the way companies are run; the only question is how quickly it can be integrated into everyday tasks

Why companies should be preparing for scope 3 reporting

With a decision looming on the SEC’s proposed changes to climate-related disclosures, leaders should be examining supplier sustainability credentials

People over profit is steering business in a new direction

An unsettling few years has resulted in more and more companies hiring Chief People Officers to implement a culture that prioritises employee wellbeing

Databricks: The phenomenal rise of a data and AI heavyweight

Technology & AI

Business Chief expands portfolio with new look and coverage

Leadership & Strategy

Google at 25: The remarkable rise of a technology colossus

Technology & AI