Quebecor's Sun Media Closes Newspapers as Ad Rev Dries Up
Posted: 7/17/2013 | By: Krithika Krishnamurthy | Reuters
(Reuters) - Canadian
media and telecommunications conglomerate Quebecor Inc's Sun Media Corp
cut 360 jobs, for the second time in less than a year, and said it was
closing eleven newspapers to cut costs amid falling ad revenue.
Canada's largest newspaper publisher cut about 8 percent of its 4,000 odd workforce, Quebecor spokesman Martin Tremblay said.