Quebecor's Sun Media Closes Newspapers as Ad Rev Dries Up

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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.































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