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.