Wednesday, June 20, 2012

W'e've Heard This Story Before

Ottawa Citizen paper boxes in downtown Ottawa are now sporting "permanently out of business" signs in their windows, and are redirecting customers to nearby corner stores.  This is exactly what happened to the National Post in 2008 when CanWest began its death-spiral into bankruptcy.  The Citizen is part of PostMedia, CanWest's successor company.  Right now their stocks are worth pretty close to nothing.

h/t anon Ottawa resident.

1 comment:

Alison said...

If only postmedia would die a painful death. Maybe the Ottawa and Montreal papers could be bought by either independent owners or the TorStar.