The National Post will not publish a Monday edition this summer, a move designed to save costs. Its parent company CanWest Global Communications Corp. is currently involved in negotiations with its banks and bondholders on a potential recapitalization and restructuring. The company is carrying a $3.9-billion debt and is trying to avoid filing for protection from creditors.
CanWest said the move did not involve any layoffs. The hiatus begins on July 6 and the company intends to resume Monday papers Sept. 14, a week after Labour Day. The National Post does not publish Sundays. It is only available electronically in Mantoba and Saskatchewan.
No comments:
Post a Comment