Vancouver Sun, The Province Offering Employee Buyouts

By: Steve Ladurantaye | The Globe and Mail

The Vancouver Sun and The Province newspapers will offer their employees buyouts to deal with “unprecedented revenue declines,” their publisher said in a memo to employees that bluntly warned that unless changes were made the papers wouldn’t be likely to survive a drop in print advertising.

The papers, both owned by Postmedia Network Inc., have co-existed for decades as separate entities but appear destined to share more resources as the company tries to find ways to cut losses and reinvent them as increasingly digital focused offerings.

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