QUEBECOR DOWNSIZES CANADIAN WEB PORTAL

By: Staff reports

CANOE Loses 65 Staffers





Quebecor Inc. yesterday downsized its online staff by 30% at Canadian
Web portal CANOE, all part of a larger restructuring measure for
Quebecor’s online properties.


The Montreal-based company says the 65 positions were eliminated as
an effort to bring costs more in line with revenue generated by its
Web sites. Quebecor’s online city guides – FYI for English-language
sites and ICI for French-language sites – also will undergo
restructuring.


Quebecor said the company is entering a new phase of consolidation,
following the last six months of acquiring and developing sites such
as iMoney and Viasite.com. Quebecor’s other online interests include
subsidiary Nurun Inc. which does Web integration in Europe and Canada.


CANOE, also known as Canadian Online Explorer, has approximately 5.3
million unique monthly users, according to Quebecor. And despite the
staff reductions, Quebecor says it will continue to build the site.


Quebecor President and CEO Pierre Karl Peladeau issued a release
stating, ‘Quebecor, which has demonstrated its ability to succeed
on a global scale, will continue to build CANOE with the same
worldwide perspective.’


But Quebecor only last month shut down two newspaper Web sites. The
two Quebec newspaper sites, JournaldeMontreal.com and
JournaldeQuebec.com, ceased publishing online when unions and
publishers couldn’t agree on who would post the content online.



JournaldeMontreal.com still carries the initial notice that says
consultants recommended closing the site until a more profitable
model could be created. JournaldeQuebec.com put up a site that
provides newspaper data such as advertising rates and a link to
Quebecor’s classified ads site.


Quebecor Inc.’s business interests include printing, newspaper
publishing, new media, broadcasting, books, magazines, and music.






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Staff Reports


Related story:

QUEBEC SITE SHUTDOWN INVOLVES UNION DISPUTE (07/20/00)















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