Canadian Press, a 93-year-old co-op, is to be privatized by its three biggest members

In what is being presented publicly as a victory, but is really a defeat, Canadian Press is now being privatized by its biggest stakeholders. Torstar, CTV Globemedia and Gesca Ltee (owners respectively of the Toronto Star, Globe and Mail and La Presse) have agreed to become equal partners in a for-profit entity to be called Canadian Press Enterprises, according to a story in the Globe. With this