Journalism in Canada is at its lowest ebb in decades, as evidenced by the cancellation or pausing of several post-secondary programs in the subject due to the dismal job market.
Postmedia Network, Canada’s largest newspaper chain by far, is 98 per cent owned by U.S. hedge funds and has had to sell assets and lay off workers to make payments on the hundreds of millions in company debt the vulture capitalists also hold. The corporation has steadily tightened its grip on Canadian newspapers since its creation in 2010, buying: Sun Media, Canada’s second-largest chain at the time, in 2015; Brunswick News, the chain that monopolizes New Brunswick, in 2022; and SaltWire, the chain that dominates the rest of the Maritimes, earlier this year.
Canada’s current second-largest chain, Torstar, was taken over in 2020 by private equity firm NordStar Capital, which has been stripping its assets and eviscerating its workforce. Last year, it converted 71 Ontario community newspapers published by its Metroland subsidiary to online-only publications, laying off more than 600 workers in the process. It then cheated them out of the severance pay they were owed by taking advantage of our bankruptcy laws.
Our broadcasting industry isn’t in much better shape,…
Any and all news media companies thay can’t surivive without taking government funded handouts is better off going under, shutting down, and out of business.
Cool ideology, bro!
Now do fire departments!
Why do whiteboys call people “bro”?
This is why clickbait is so prevalent.
Without outside funding, the focus then needs to become gaining viewers and adds, not telling stating facts accurately, or doing in-depth journalism.