Sun Media Corporation was the owner of several tabloid and broadsheet newspapers in Canada and the 49% owner of the now defunct Sun News Network . It was a subsidiary of Quebecor Media .
42-565: On October 6, 2014, Quebecor Media announced the sale of the remaining English-language print assets of Sun Media to rival Postmedia . The sale included neither the Sun News Network , which subsequently closed when a buyer was not found, nor Quebecor's French-language papers Le Journal de Montréal and Le Journal de Québec . The sale was approved by the federal Competition Bureau on March 25, 2015, and closed on April 13. Canoe Sun Media merged with Postmedia rather than being maintained as
84-485: A "transformation plan geared toward managing costs". Later that day, Postmedia said it had also sold the Calgary Herald building for $ 17.23 million to U-Haul Co. after trying to sell it for nearly a decade. In July 2023, Postmedia Network Canada Corp. and Nordstar Capital LP announced that merger discussion between the two newspaper publishers will not continue. On May 27, 2024, Postmedia announced that it would sell
126-564: A U.S. private equity firm , the Manhattan-based hedge fund GoldenTree Asset Management —which owns 35 per cent—as well as IJNR Investment Trust, Nyppex and other investors. The group completed a $ 1.1 billion transaction to acquire the chain from Canwest on July 13, 2010. On October 6, 2014, Postmedia's CEO Godfrey announced a deal to acquire the English-language operations of Sun Media . The purchase received regulatory approval from
168-596: A court evaluation contesting Postmedia's claims of solicitor-client privilege, for records seized by the bureau during raids at the company's offices. In March 2018, the Competition Bureau issued a court filing accusing Postmedia and Torstar of structuring the deal they made together with no-compete clauses in an effort to reduce competition in the newspaper industry in violation of the Competition Act . According to Marc Edge, author of The Postmedia Effect ,
210-590: A digital presence for the three publications. As well, the High River Times in High River, Alberta will go from being published twice a week to once a week. During the COVID-19 pandemic , Postmedia laid off approximately 80 employees and permanently closed 15 community publications while navigating the financial strain of COVID-19. While the company utilized government subsidies, they claim they were unable to offset
252-400: A net loss of $ 99.4 million, or 35 cents per diluted share, in the fourth-quarter ended Aug 31, compared with a $ 54.1 million net loss, or 19 cents per diluted share, in the same period a year earlier. This resulted in 90 newsroom staff losing their jobs. On November 27, 2017, Postmedia and Torstar announced a transaction in which Postmedia will sell seven dailies, eight community papers, and
294-402: A parcel delivery business and "proprietary distribution software". In 2023, Postmedia announced it would be moving a dozen of its Alberta community papers to digital-only platforms, aiming for more outsourcing deals and laying off employees. The announcement was made January 18, 2023, during an internal memo to staff that was obtained by The Canadian Press , describing the measures as a part of
336-607: A separate division. Quebecor had previously sold its community newspapers in Quebec to TC Transcontinental in June 2014, under a deal first announced in December 2013. Sun Publishing was formed on February 4, 1978 through the amalgamation of Toronto Sun Holdings Ltd and Toronto Sun Publishing Ltd. The two companies had been formed in 1971 with the launch of the Toronto Sun by former staffers of
378-575: A union drive at the paper earlier that year, taking charge of all political reporting and analysis in Postmedia newspapers to ensure the newspapers became more "reliably conservative." In June 2019, Kevin Libin, comments editor and editorials editor of the National Post and Financial Post and a founding editor of Western Standard , was assigned “executive editor of Postmedia politics". The role focuses on
420-513: Is an accepted version of this page A media conglomerate , media company , media network , media group , or media institution is a company that owns numerous companies involved in mass media enterprises, such as music , television , radio , publishing , motion pictures , video games , amusement park , or the Internet . The weekly magazine The Nation commented, "Media conglomerates strive for policies that facilitate their control of
462-567: Is best known for being the owner of the National Post and the Financial Post . The company is headquartered at Postmedia Place on Bloor Street in Toronto. The company's strategy has seen its publications invest greater resources in digital news gathering and distribution, including expanded websites and digital news apps for smartphones and tablets. This began with a revamp and redesign of
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#1732845457126504-654: Is identified as a source on all of its subsidiary newspapers. The news agency provides news, sports, entertainment, photography, financial and feature information and data to Postmedia Network's Canadian newspapers, online properties and a number of third party clients in Canada and the United States. In October 2018, it was reported that CEO Andrew MacLeod had declared the company "insufficiently conservative ". That resulted in Kevin Libin, who had played an active role in defeating
546-641: Is less diversity in news and entertainment and therefore less competition. This can result in the reduction of different points of view as well as vocalization about different issues. There is also a lack of ethnic and gender diversity as a majority of those in media are white, middle-class men. There is a concern that their views are being shared disproportionately more than other groups, such as women and ethnic minorities. Women and minorities also have less ownership of media. Women have less than 7 percent of TV and radio licenses, and minorities have around 7 percent of radio licenses and 3 percent of TV licenses. In
588-1149: The Camrose Canadian in Camrose, Alberta , Strathmore Standard in Strathmore, Alberta , Kapuskasing Northern Times in Kapuskasing, Ontario , Ingersoll Times in Ingersoll, Ontario , Norwich Gazette in Norwich, Ontario and Petrolia Topic in Petrolia, Ontario . It will also cease printing the Portage Daily Graphic in Portage La Prairie, Manitoba , the Northern News in Kirkland Lake, Ontario , and Pembroke Daily Observer in Pembroke, Ontario while maintaining
630-607: The Houston Post for $ 100 million in an attempt to expand into the United States . It was sold for $ 150 million four years later. In 1987, Maclean-Hunter's Financial Post weekly was sold to Sun Media for $ 46 million and was relaunched as a daily tabloid financial newspaper the following year. In 1988, Sun Media acquired the Ottawa Sunday Herald which it would relaunch as the daily Ottawa Sun . In 1994, Maclean-Hunter
672-520: The Ottawa Citizen , which debuted in 2014. Two-thirds, or 66%, of Postmedia is currently owned by American media conglomerate Chatham Asset Management . The ownership group was assembled by National Post CEO Paul Godfrey in 2010 to bid for the chain of newspapers being sold by the financially troubled Asper family's Canwest (the company's broadcasting assets were sold separately to Shaw Communications ). Godfrey secured financial backing from
714-557: The Vancouver Sun and The Province , have had common ownership for over 30 years, as evidence that the deal would not be anticompetitive. The purchase did not include Sun Media's now-defunct Sun News Network . The acquisition was approved by the Competition Bureau on March 25, 2015, and closed on April 13. In 2016, the company sought to restructure its compensation plans and reduce spending by as much as 20%, after reporting
756-567: The Winnipeg Sun , the Portage la Prairie Graphic Leader , Kenora Miner and News , and company's Winnipeg printing operations to politician and former Sun publisher Kevin Klein . In July 2024, the company entered into an agreement to acquire SaltWire Network . Postmedia News is the news branch of Postmedia Network, providing similar content to all of its subsidiary news outlets and websites. It
798-545: The Calgary Sun , with the same format and appearance as its sister papers. In 1979, it purchased the United Press International 's Canadian subsidiary, the former British United Press . It ran the news agency for several years before selling it to Canadian Press in 1985. In 1983, 50% of Sun Media was acquired by Maclean-Hunter for $ 55 million. That same year, Sun Media, with Maclean-Hunter's backing, acquired
840-614: The Financial Post as the National Post . In 2007, Sun Media acquired and absorbed the Osprey Media chain of small English language newspapers mostly based in Ontario. In 2014, after years of cuts and restructuring, Quebecor sold its Sun Media division to Postmedia which, ironically, had former Sun Media CEO Paul Godfrey as its chief executive. The sale was completed in April 2015 and Sun Media
882-814: The 2024 Forbes Global 2000 list, Comcast is the world's largest media conglomerate, in terms of revenue, with The Walt Disney Company , Warner Bros. Discovery , & Paramount Global completing the top four. In 1984, fifty independent media companies owned the majority of media interests within the United States. By 2011, 90% of the United States's media was controlled by six media conglomerates: GE/Comcast (NBC, Universal), News Corp (Fox News, Wall Street Journal , New York Post ), Disney (ABC, ESPN, Pixar), Viacom (MTV, BET, Paramount Pictures), Time Warner (CNN, HBO, Warner Bros.), and CBS (Showtime, NFL.com). Between 1941 and 1975, several laws that restricted channel ownership within radio and television were enacted in order to maintain unbiased and diverse media. However under
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#1732845457126924-481: The Postmedia Network effectively concentrates more than 90 percent of all Canadian dailies and weeklies in one company, a fact lamented by J-Source, a Canadian media watchdog, in a 2015 online article. Margo Goodhand , a former Edmonton Journal editor-in-chief , wrote in a 2016 Walrus article that Postmedia executives were behind the outsourcing of Postmedia content to a site within an office in Canada for
966-399: The Postmedia executives to reject the total $ 2,275,000 as the newspaper chain continued to cut staff. Postmedia owns newspapers that serve smaller communities across Canada, including: In addition, Postmedia Network owns all websites associated with all properties listed on this page either wholly or in partnership. Other media groups in Canada include: Media conglomerate This
1008-621: The Reagan administration, Congress and the Federal Communications Commission , then led by FCC Chairman Mark S. Fowler , began a concerted deregulation over the years 1981 and 1985. The number of television stations a single entity can own increased from seven to 12 stations. The industry continued to deregulate with enactment of the Telecommunications Act of 1996 . Signed by President Bill Clinton on 8 February 1996, it
1050-533: The Toronto and Vancouver 24 Hours to Torstar, in exchange for 22 community papers and the Ottawa and Winnipeg versions of Metro . Except for the Exeter Times-Advocate , St. Catharines Standard , Niagara Falls Review , Peterborough Examiner , and Welland Tribune , all acquired papers will be closed. On June 26, 2018, Canadian Press reported that, by the end of August, Postmedia will be closing
1092-511: The company’s community presence in the province. For Ontario, the closures included the Kingsville Reporter, Lakeshore News (Windsor-Essex area), LaSalle Post, Napanee Guide, Paris Star, Tecumseh Shoreline Week, and Tilbury Times. On February 17, 2022, Postmedia announced a definitive agreement to acquire Brunswick News Inc. (BNI). As well as several New Brunswick daily and weekly newspapers and "digital properties", BNI's assets included
1134-637: The concentration of multiple media enterprises in a few companies. This concentration is an ongoing concern for the Canadian Radio-television and Telecommunications Commission , the Australian Communications and Media Authority , the Philippine National Telecommunications Commission , and New Zealand's Broadcasting Standards Authority . Other countries that have large media conglomerates with impacts on
1176-478: The coverage of federal politics in the National Post. In addition, it focuses on the coverage of federal and provincial politics in all of the dailies owned by Postmedia. In November 2019, Postmedia announced that 66% of its shares were now owned by Chatham Asset Management , an American media conglomerate which owns American Media, Inc. and is known for its close ties to the Republican party. The creation of
1218-476: The decline in revenue. Postmedia closed 15 community newspapers in Manitoba and Ontario’s Windsor-Essex area as the publications were no longer financially sustainable. The publications included Manitoba’s Altona Red River Valley Echo, Carman Valley Leader, Gimli Intertake Spectator, Morden Times, Selkirk Journal, Stonewall Argus & Teulon Times, Winkler Times, and The Prairie Farmer, leaving Portage La Prairie as
1260-614: The defunct Toronto Telegram . On February 14, 1978, the Edmonton Sun , the second member of what would become the Sun chain, was announced through a partnership of Sun Media and Edmonton Sun Publishing Ltd. The paper was launched on April 2, 1978. In 1981, the outstanding shares of Edmonton Sun Publishing Ltd were acquired by Sun Media. The company purchased the Calgary Albertan on July 31, 1980 for $ 1.3 million and relaunched it days later as
1302-510: The federal Competition Bureau on March 25, 2015, even though the company manages competitive papers in several Canadian cities; while the Sun Media chain owns numerous other papers, four of its five Sun -branded tabloids operate in markets where Postmedia already publishes a broadsheet competitor. Board chair Rod Phillips has cited the Vancouver market, in which the two main daily newspapers,
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1344-527: The markets around the world." A conglomerate is a large company composed of a number of companies ( subsidiaries ) engaged in generally unrelated businesses. Some media conglomerates use their access in multiple areas to share various kinds of content such as: news, video and music, between users. The media sector's tendency to consolidate has caused formerly diversified companies to appear less diverse to prospective investors in comparison with similar companies that are traded publicly and privately. Therefore,
1386-421: The merging of entertainment and news ( sensationalism ) at the expense of the coverage of serious issues. They are also accused of being a leading force behind the standardization of culture (see globalization , Americanization ) and are frequently criticized by groups that perceive news organizations as being biased toward special interests of the owners. Because there are fewer independent media, there
1428-492: The nation began to speculate how it might negatively impact society at large. In the case of Minot, North Dakota , the concerns regarding media consolidation is realized. On 18 January 2002, a train containing hazardous chemicals derailed in the middle of the night, exposing countless Minot residents to toxic waste. Upon trying to get out an emergency broadcast, the Minot police were unable to reach anyone. They were instead forwarded to
1470-463: The network received $ 9.9 million in government financial assistance in 2022. In the same year, Postmedia's operating income was only $ 13 million. In 2016, Paul Godfrey took a $ 900,000 bonus during a time when Postmedia laid off staff company-wide. CFO Doug Lamb received $ 450,000, COO Andrew MecLeod $ 425,000, legal and general counsel Jeffrey Harr $ 300,000, and National Post president Gordon Fisher $ 200,000. Unions representing Canadian journalists wanted
1512-565: The sake of producing “ Regina Leader-Post sports pages, Arts fronts for the Montreal Gazette , editorial pages for the Vancouver Sun ”. In a 2020 article by The New York Times, it was reported journalists had attested that since Chatham Asset Management took over, Postmedia had centralized operations and cut staff so that its 106 newspapers were essentially clones of one another. On November 27, 2018, The Competition Bureau applied for
1554-515: The same automated message, as all the broadcast stations in Minot were single-handedly owned by IHeartMedia . As the FCC reviews media ownership rules, broadcasters continued to petition it for the elimination of all rules, while those who are against this easing would often cite the incident in Minot as how consolidation could be harmful. Canada, Australia, the Philippines, and New Zealand also experience
1596-755: The term media group may also be applied, however, it has not yet replaced the more traditional term. Critics have accused the large media conglomerates of dominating the media and using unfair practices. During a protest in November 2007, critics such as Jesse Jackson spoke out against consolidation of the media. This can be seen in the news industry, where corporations refuse to publicize information that would be harmful to their interests. Because some corporations do not publish any material that criticizes them or their interests, media conglomerates have been criticized for limiting free speech or not protecting free speech. These practices are also suspected of contributing to
1638-415: Was considered by the FCC to be the "first major overhaul of telecommunications law in almost 62 years". In the radio industry, the 40-station ownership cap was lifted, leading to an unprecedented amount of consolidation. Since this period, IHeartMedia grew from 40 stations to 1200 stations, in all 50 states, while Viacom grew to owning 180 stations across 41 markets. As media consolidation grew, some in
1680-502: Was dissolved with its newspapers being absorbed by the Postmedia chain. The following publications have been closed by Sun Media: Postmedia Network Postmedia Network Canada Corp. (also known as Postmedia Network , Postmedia News or Postmedia ) is a foreign-owned Canadian-based media conglomerate consisting of the publishing properties of the former Canwest , with primary operations in English-language newspaper publishing, news gathering and Internet operations. It
1722-742: Was purchased by Rogers Communications . Two years later, on October 4, 1996, the management of the Sun chain under the leadership of Paul Godfrey purchased Rogers' share of the Sun Publishing and renamed the company Sun Media. In 1998, the Financial Post was sold to Southam Inc. in exchange for the Hamilton Spectator , the Kitchener-Waterloo Record , the Guelph Mercury , and the Cambridge Reporter . Also in 1998, Sun Media
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1764-496: Was purchased by Quebecor and maintained as a wholly owned subsidiary of it. Godfrey had sought out Quebecor as a "white knight" in order to frustrate an attempted hostile takeover by the Sun's longtime rival, the Toronto Star . In 1999, Quebcor sold the four recently acquired southern Ontario newspapers to the owners of the Toronto Star and became part of its Metroland Media Group . Southam, owned by Conrad Black , would relaunch
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