Canadian Publishing Industry News
4 December 2017,    
More staff cuts and changes at Bell Media, Postmedia and Torstar.
source: tnooz.com

The turbulence in the media industry has hopefully hit bottom as the media titans continue to reorganize their companies to the new market realities. Hopefully, there will be no more as we enter the holiday season. Our best wishes to all the affected families by these changes.

Postmedia Network Canada Corp. announced on November 27, a transaction with Metroland Media Group and Free Daily News Group Inc., both subsidiaries of Torstar Corporation, to acquire 22 of Torstar’s community newspaper properties and 2 free commuter daily newspapers and to sell 15 of Postmedia’s community newspaper properties and 2 free commuter daily newspapers to Torstar.


At fist glance this is a market swap of properties with each getting  specific markets in the deal. Post Media are getting primarily Ottawa and Eastern Ontario titles and Torstar getting Golden Horshoe area and Central Ontario including the 24 Hours band in Toronto and Vancouver. It estmated that 30+ closings are expected after this swap and will affect 300 jobs.

 

“This transaction allows Postmedia to focus on strategic areas and core products, and allows us to continue with a suite of community-based products, in a deeply disrupted industry,” said Paul Godfrey, Executive Chairman and Chief Executive Officer, Postmedia.

 

Properties Acquired by Postmedia from Torstar

Belleville News, Brant News, Central Hastings News, Exeter Times-Advocate (and the Exeter Weekender), Frontenac Gazette, Kanata Kourier-Standard, Kingston Heritage, Meaford Express, Metro Ottawa, Metro Winnipeg, Nepean/Barrhaven News, Norfolk News, Orleans News, Ottawa East News, Ottawa South News, Ottawa West News, Our London, Quinte West News, St. Lawrence News, St. Mary’s Journal-Argus, (and the St. Mary’s Weekender), St. Thomas/Elgin Weekly News, Stittsville News, Stratford City Gazette, West Carleton Review

 

Properties Sold by Postmedia to Torstar

24 Hours Toronto, 24 Hours Vancouver, Barrie Examiner, Bradford Times, Collingwood Enterprise Bulletin, Fort Erie Times, Innisfil Examiner, Inport News (Port Colborne), Niagara Advance, Niagara Falls Review, Northumberland Today, Orillia Packet & Times, Pelham News, Peterborough Examiner, St. Catharines Standard, Thorold Niagara News, Welland Tribune

 

Another round off layoffs was reported by the CBC on November 20 at Bell Media that affected the staff at their radio and tv stations. The union Unifor for the broadcast technicians says that 50 employees are affected including some on-air personalities. CFTO sportscasters Joe Tilley and Lance Brown, along with on-air personalities such as BNN host Michael Kane and Ottawa CTV 2 host Melissa Lamb, are among those affected. The cutbacks will affect local sports broadcasts. Bell owns 30 TV stations and 105 radio station that includes TSN which will mostly like fill the void for sports content in all their stations.

The changes affect local coverage of news that has been a growing side effect of the digital disruption. But what we have learned though , one door closes for some and a new door will open for someone else. That is inevitable.

 
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