Saturday, September 7, 2013
The Town Crier about to be relaunched by new owners -- the paper's former employees
After 30 years of selling ads for the chain of community newspapers, she knew things weren’t going well for the papers and their parent company, Multimedia Nova Corp. The days were clearly numbered – readers complained about distribution, suppliers weren’t being paid and ad sales were down as salespeople quit in frustration.
But the papers were still profitable, and Ms. Gardiner would sit around talking with co-workers about how things would be different if they could take control of the nine papers themselves and leave Multimedia Nova to the stable of ethnic newspapers that comprised the bulk of the company’s revenue.
She’s about to find out if that’s true: She is one of five employees who have bought the chain of community newspapers at an auction after the sudden bankruptcy of Multimedia Nova this summer. The papers have been serving nine of Toronto’s toniest neighbourhoods, with editions targeted at Bloor West Village, Leaside-Rosedale and the Beach, but were shuttered in May because of troubles at the parent company.
(from the Globe and Mail)
- ► 2017 (183)
- ► 2016 (278)
- ► 2015 (321)
- ► 2014 (262)
- Denis Brodeur, sports potographer, dead at 82
- One-third of Canadians watch TV online, CRTC says
- Reporters should blush about bus-train coverage
- CBC taps PR lady as head of English language servi...
- Lloyd's List to cease printing, go digital only
- Netflix's growing popularity poses challenge for C...
- Putin, Iranian leader take their messages to op-ed...
- Sun News request to CRTC spurs broad media opposit...
- Rogers names new vp of programming
- Media to get redacted version of search warrant wi...
- Roger Ebert to be succeeded by Richard Roeper as p...
- PM Harper names new director of communications
- Rogers reaches across ocean for new phone CEO
- In Fort McMurray, rock radio tunes out Neil Young ...
- Postmedia to sell properties in B.C. and Alberta t...
- Star, Globe defend stories about the Fords
- Rolling Tweets from Fords press hearing
- Star and Globe to defend stories on Fords and drug...
- The Town Crier about to be relaunched by new owner...
- Campaign journalism in the age of Twitter
- David Frost, broadcaster and writer, dead at 74
- ▼ September (21)
- ► 2012 (644)
- ► 2011 (750)
- ► 2010 (1055)