Print media takes another hit

16Dec08

The sort-of conclusion of my entry at MediaScout today was that print media are adapting well to their online platforms and keeping up with the upstart web-based Joneses. But in short, it means these kinds of things will continue to happen:

Canada’s biggest newspaper publisher, Sun Media, is cutting 600 jobs in Western Canada, Ontario and Quebec as it restructures in the face of harsh economic conditions.

The chain, owned by Montreal-based media giant Quebecor Inc., said Tuesday the cuts will trim about 10 per cent of its workforce and most will fall by the end of the year.

“The news industry is being revolutionized and we have to adapt if we want to remain an industry leader,” CEO Pierre Karl Peladeau said in a release.

As my friend Carl Meyer put it: “Great time to be getting into the business.”

Advertisements


No Responses Yet to “Print media takes another hit”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: