Toronto — and Canada — face a much changed media landscape this Monday, October 6, 2014. It comes with the announced sale of the Sun Media properties to Postmedia, owner of the National Post and many venerable names of the Southam chain like the Ottawa Citizen and the Calgary Herald. Reuters is saying the new chain will be “dominant” and it has that potential, but it is a shipwreck when it comes to money. Like most media companies, Postmedia and Sun Media are deeply wounded by the many cuts of the digital knife. It’s true that Postmedia will gain many viable local papers like the London Free Press and the St. Catharines Standard Readers of Sun papers may by happier that the publications are now out of the hands of the quirky boss of the Sun holding company, Quebecor. He is Pierre Karl Peladeau, now a member of the Parti Quebcois and ambitious it seems to be the party’s leader. At a news conference Paul Godfrey, chairman of Postmedia, called the acquisition a big bet on the future of this industry.” Reuters
