Sunset On The Plaza

PostmediaThe timing is purely coincidental, but as the sun sets on downtown Regina tonight here’s a link to a CBC story about a big Canadian media merger that happened today.

Postmedia, which owns a huge swack of newspapers and TV stations in Canada including the Leader-Post and Star-Phoenix, bought the English newspaper chain of Quebecor-owned Sun media. 175 papers were involved, most of the small town variety, with a few big names like the Toronto/Edmonton/Calgary/Winnipeg Sun.

Sun TV wasn’t part of the deal. And Quebecor still has French-language media holdings. The purchase price was $316 million, and the speculation is that Quebecor might be assembling capital to try to become a fourth wireless carrier in Canada. The Harper government wants to see one emerge to put some market pressure on the big three (Telus, Rogers and Bell), but it’s a big undertaking and other contenders like U.S.-based Verizon have even stepped away.

As for Postmedia, it’s been struggling financially.  In announcing the acquisition Postmedia president Paul Godfrey spoke of synergies.  In some big-city markets, Postmedia will now have competing dailies. With the niche market they enjoy, small-town papers still make money. But Postmedia has had some serious financial struggles lately, and Godfrey’s strategy is by no means a slam dunk.

Author: Gregory Beatty

Greg Beatty is a crime-fighting shapeshifter who hatched from a mutagenic egg many decades ago. He likes sunny days, puppies and antique shoes. His favourite colour is not visible to your inferior human eyes. He refuses to write a bio for this website and if that means Whitworth writes one for him, so be it.

2 thoughts on “Sunset On The Plaza”

  1. I received notification recently that Monsieur Whitworth has joined LinkedIn… I hope all is still well at PDawg Central.

    As for the Leader-Post, man, I literally have not picked one up in years. I do not know if this is more, simply, because of where I at in lyfe right now – super busy in the mornings, tired in the evenings – or because of the stripped-down, cost-cutting, right of centre stigma, and total absence of any meaningful critical analyses into any and all important subject matter, which in itself – the omissions, aka the corporate whitewash – I interpret as a political interference in the news.

  2. Monsieur Whitworth and Prairie Dog are excellent, thank you. Don’t tell anyone, but M. W. only joined LinkedIn to spy on people we write stories about. Shhh.

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