Thursday, July 23, 2020

Global news cutting staff

The Globe and Mail reports tat in what it describes as a “significant” restructuring, Global News is cutting some of its workforce.
Global TV owned by Corus Entertainment Inc. confirmed it has laid off staff in an e-mail to The Canadian Press, but declined to provide exact numbers.
Corus executive vice-president of broadcast networks Troy Reeb attributed the layoffs to challenges faced by the news industry in recent years, including regulatory restraints, a lack of government support, advertising losses and most recently, COVID-19.

Monday, June 29, 2020

Larry Stout has died

 LAWRENCE (Larry) STOUT September 11, 1939 - June 27, 2020 After a courageous battle with Alzheimer's disease, Larry Stout has signed off and taken what he always referred to as the "eternal high jump". Larry had a wonderful sense of humour; he was a terrific pal to his friends and one of Canada's best broadcast journalists. 

Obituary

Thursday, June 18, 2020

Facebook strikes agreement with Canadian Press to create eight reporting jobs

Facebook has struck an agreement with The Canadian Press that will create eight new reporting jobs.
The digital giant says it will provide $1 million through a one-year fellowship initiative to allow the news agency to hire, train, equip and provide salary and benefits for reporters to be added to its newsrooms from Halifax to Vancouver.
The jobs are to be posted immediately and reporters are expected to be in place by the fall.
"The stories that will be created by these journalists will be, of course, administered and managed entirely by CP editors for the benefit of our customers and so this will add a significant new volume of stories from different regions across the country," said CP president Malcolm Kirk.
"So I think it's a real win for journalism, it's a real win for young journalists starting out in their careers and a huge value for our customers to be able to get new content at no additional charge."
CP agreed to participate in the project only after ensuring it will promote the development and growth of Canadian journalism without influence from 
Facebook and that there will be no infringement on editorial independence, Kirk said. 
The partnership comes as Canadian publishers banded together last month to call on the federal government to force large international digital companies including Facebook and Google to share their advertising revenue with media companies, who have seen a heightened pace of advertising sales declines since the onset of the COVID-19 pandemic.
The publishers want Canada to follow Australia and France in trying to make digital companies pay news media for use of their copyrighted content _ although Google and Facebook both argue they actually benefit news companies by driving online traffic to their websites.
Facebook has invested nearly $9 million in Canadian journalism through various programs over the past three years and offers similar programs in other countries, said Kevin Chan, head of public policy for Canada for Facebook Inc.

Sunday, June 7, 2020

New York Times editorial page editor resigns after uproar over Cotton op-ed

The New York Times on Sunday announced the resignation of its editorial page editor James Bennet, who held the position since May 2016, and the reassignment of deputy editorial page editor James Dao to the newsroom.
The announcement comes just days after the newspaper published a controversial op-ed from Sen. Tom Cotton (R.-Ark.) titled “Send in the Troops,” which called for military intervention in U.S. cities racked by protests over police violence.
Soon, dozens of New York Times staffers publicly denounced their newspaper’s decision to run it, calling it dangerous and containing assertions debunked as misinformation by the Times’s own reporting. (Washington Post)

Wednesday, May 27, 2020

Torstar to be sold, taken private in $52-million deal

The company that publishes the Toronto Star has agreed to be sold to a company run by entrepreneurs Jordan Bitove and Paul Rivett in a deal worth roughly $52 million.
Torstar, a print and digital publishing company that runs newspapers and websites across the country, including the Toronto Star and thestar.com, announced the deal with NordStar Capital Tuesday evening.
Tuesday, Torstar’s B shares fell 16 per cent, closing at 40 cents per share, giving up some of their gains from the day before, when they rose from as low as 33 cents to 48 cents per share, with most of the gains coming in the last hour of trading on the TSX. NordStar’s offer is worth 63 cents per share, for all Class A voting shares and Class B non-voting shares.
“We believe in news. With this transaction we can ensure a future for world-class journalists and world-class journalism befitting the paper’s storied history,” said Bitove. “We are committed to investing in the news business, along with preserving the Atkinson Principles, as fairness and accuracy will continue to guide the papers’ prevailing value system.

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