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

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

Two examples of how playing well with others seems to be an endangered concept

I've never made any secret of my belief in collaboration in the magazine industry; or in my belief that cooperation makes good sense, financially and in terms of the greatest good for the greatest number. Now, in one day, we have two object lessons in short-sighted thinking in other media to remind us (if a reminder is necessary) of the virtues of togetherness: the announcement that Sun Media