Friday, November 26, 2010

Canadian Press is news cooperative no more; bought by three major media companies

Long a cooperative news agency, Canadian Press has now after 93 years been effectively turned into a for-profit business.
Torstar Corp., the Globe and Mail and the publishers of La Presse (Square Victoria Communications Group) have capitalized Canadian Press Enterprises Inc. which takes over the entire operations of the service. This is not a surprise, since the troubled institution announced a

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