Last week, the somewhat self-congratulatory news was that Canadian newspapers are generally in much better shape — in terms of maintaining readership and revenue, and profitability — than their American neighbours.
Not sure how that squares with this then: TorStar cuts jobs. From the report at the Canadian Journalism Project:
Torstar Corp., owner of the Toronto Star, Canada’s biggest-circulation daily, said in a press release that it will cut 160 jobs in its newspaper division. A report by Reuters said the job cuts come as “the book and newspaper publisher copes with a declining newspaper market.”
What’s very odd about this is Torstar, which has been aggressive in getting online and has done some of the best online journalism in the country, is apparently cutting its entire Internet production staff. Apparently, it will be announced where the internet work will wind up in a couple of weeks.
Tags: business, canada, newspapers, TorStar
