Postmedia signs three-year deal with Canadian Press

I know this will not register with many in the states, but Postmedia News has shutdown it's wire service and signed a three-year deal with the Canadian Press. Postmedia of course is headed up by the National Post and includes many pf the most historic metros in Canada including the Montreal Gazette, both the Vancouver Province and the Vancouver Sun, the Edmonton Journal, the Calgary Herald and a number of others.

CanWest left Canadian Press in 2007 to start it's own breaking news wire service but I think it's safe to say it has been a bit of a disaster and the chain ended up in bankruptcy, not entirely due to trying to go on it's own but it was a factor. The company emerged from bankruptcy in 2010, reorganized and known as Postmedia News.
Not only is this going to affect a number of jobs -- layoffs -- but there are a number of smaller daily papers that suddenly find themselves without their main wire, which means they will likely find their way back to CP as well.

http://www.theglobeandmail.com/report-on-business/postmedia-to-shut-down-wire-service-sign-up-with-canadian-press/article2425175/

http://www.theglobeandmail.com/report-on-business/read-postmedias-internal-memo/article2425194/?utm_medium=Feeds%3A%20RSS%2FAtom&utm_source=Home&utm_content=2425194

http://www.vancouversun.com/news/Postmedia+signs+three+year+deal+with+Canadian+Press+after+five+year/6580911/story.html