Woodbridge (Thomson) release on G&M control

The Woodbridge Company Limited announced today that it will acquire direct ownership of Canada's National Newspaper, The Globe and Mail. Woodbridge is the investment vehicle for Canada's Thomson family. The Globe and Mail has been in print for more than 166 years, and currently has circulation of 300,000 and weekday readership of 930,000, and an average Saturday circulation of 380,000 and readership of 1 million. The Globe's websites attract an average of 3 million unique visitors generating over 90 million page views each month. The Globe will be launching a previously planned redesign of the newspaper on October 1, using the next generation of print technology. The business, headquartered in Toronto, has approximately 750 employees across Canada and in international bureaus. CNW