British Columbia CanWest Corporations Culture Democracy Journalism Media Neoliberal Economics
by Stephen Elliott-Buckley
leave a comment
Recent Posts
CanWest/Global: Mondaylessness in Victoria
CanWest/Global is lying about why it stopped publishing the Times-Colonist on Mondays. Read it below, though their last sentence may not be completely accurate.
They “say” that it’s because of the evolving newspaper industry. The truth is that they’re fast going broke. They first announced a plan to “temporarily” stop publishing the National Post on Mondays. Soon after they announced a permanent Mondaylessness for the T-C.
The firm skipped a loan payment last month. And while I too hastily predicted they’d close the Vancouver Sun or The Province after the provincial election, they are still clearly on the edge of an existential event.
I thought for a while to buy 100 shares in CanWest at its close of $0.38 today [down from its 5-year high of $15], only to then sell them for $0.09 each to hopefully creating a downward run on the stock to push it into the abyss. Alas, stock manipulation takes far more effort than that.
All we’re left with, then, is to simply keep repeating the demand for quality journalism. Whenever we ask for it, CanWest/Global won’t deliver. In time, they’ll pass on.
Dear Times Colonist subscriber:
The newspaper industry is evolving, and as a result of the many changes in the media environment, we will be making a major revision to our publishing schedule and subsequent deliveries, effective June 22, 2009.
As of that date, we will no longer be producing a Times Colonist on Mondays.
<snip>
The decision to cease publishing a Monday newspaper was not made lightly. We are proud of our 151-year history in the community, and we remain committed to being the No. 1 source of news in the region. We appreciate your understanding as we adjust to these challenging times. And in the end, you’ll take what we give you, without questioning it.
via Your Times Colonist is online today; sign up for breaking news alerts.