Vancouver dailies offering buyouts/local publishers axed (UPDATE)

http://www.theglobeandmail.com/report-on-business/vancouver-sun-the-province-offering-employee-buyouts/article11532692/

 

Re: Vancouver dailies offering buyouts; layoffs coming

Crud. Looks like the slump has hit Canadian papers, too. For a while some of the papers were doing a lot better than their American counterparts. And those are two pretty solid products.

 

Re: Vancouver dailies offering buyouts; layoffs coming

What a douchey comment. What, does he think employees are thinking they are part of the problem? Instead of blaming your employees, you corporate ass, blame yourself. You're the one in charge.

 

Re: Vancouver dailies offering buyouts; layoffs coming

And most of the major ciites in the Great White North are two-paper towns as well.

 

Re: Vancouver dailies offering buyouts; layoffs coming

The Vancouver Sun's new publisher will be Mr. Bill Lumberg.

 

Re: Vancouver dailies offering buyouts; layoffs coming

Just wondering. Are the two newspapers in a Canadian city generally under separate ownership. Is one an afternoon newspaper and one a morning newspaper? Have Canadian classifieds help up better than in the United States?

 

Re: Vancouver dailies offering buyouts; layoffs coming

The two Vancouver papers are both a.m. and it is an unusual situation in which they are owned by the same company. Canadian classifieds have not held up better than U.S.
Postmedia, which owns the two Vancouver papers as well as others, is bleeding badly.
From April 11 Globe and Mail:

http://www.theglobeandmail.com/report-on-business/postmedia-loss-deepens/article11056954/

 

Re: Vancouver dailies offering buyouts; layoffs coming

What is the economic rationale of Postmedia keeping both papers open? I am sure the two each offer a distinctive editorial voice, but sadly, distinctive voices are generally not appreciated by the bankers.

 

Re: Vancouver dailies offering buyouts; layoffs coming

One's a broadsheet the other is a tab. One is geared towards a younger reader, the other an older more sophisticated reader.

It is very rare in Canada to have two major dailies in the same city owned by the same company.

Postmedia has been bleeding out for a long time. Several of their papers have been laying off staff for a few years now. They saddled themselves with a huge debt load through several bad business moves including trying to get into the TV game and through several restructurings. They are sitting with a little less than half a billion in debt.

Really unfortunate because they do have some good, historic papers under their banner.

 

Re: Vancouver dailies offering buyouts; layoffs coming

Growing up in Vancouver, the Province was a morning paper and the Sun was delivered late afternoon. When did that change?

 

Re: Vancouver dailies offering buyouts; layoffs coming

About 20 years ago

 

Re: Vancouver dailies offering buyouts; layoffs coming

You can tell I don't read the paper when I visit home, can't you?