this post was submitted on 27 Oct 2023
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[โ€“] grte@lemmy.ca 6 points 1 year ago* (last edited 1 year ago)

Postmedia now sells not just native ads but even news coverage and space on its opinion pages for those willing to pay, as a Canadaland investigation revealed in 2020. Its business model, as my recent book The Postmedia Effect shows, is simply to rake in as much cash as possible from all available sources in order to keep sending tens of millions of dollars a year in payments on its massive debt south to its US hedge fund owners/bondholders.

Lay off your journalists and sell preferential coverage to whichever organizations need to sanitize their message seems to be Postmedia's current business model. It's a lot cheaper when the stories come to you, I suppose.

[โ€“] corsicanguppy@lemmy.ca 0 points 1 year ago (1 children)

Timesโ€™s

I dropped reading when the English stopped.

[โ€“] MyFeetOwnMySoul@lemmy.ca 3 points 1 year ago

Looks like English to me