Media News - Tuesday, June 19, 2012
The downsizing of news media in Canada has led to a situation in which newspaper publishers are indirectly paying their competition for news. Now, all but one of the national news outlets is being sourced by the Canadian Press agency. The Canadian Press is now the prime national news source for almost every major Canadian media outlet, including the Canadian Broadcasting Corp., CTV News, Global TV and Postmedia News, as well as national publications such as the National Post, the Globe & Mail and the Toronto Star. The CP was founded in 1917 as a not-for-profit news-sharing collective, along the lines of the Associated Press, which was formed in New York in 1845. The CP and AP still maintain an exclusive news, radio, television and photo sharing agreement for their respective clients. In November 2010, three news organizations bought the Canadian Press: The Torstar Corp., parent of the Toronto Star and associated media, the Globe and Mail newspaper and the Square Victoria Communications Group, which publishes numerous French-language newspapers in Quebec. That's created a curious situation in which almost all of the national and local competition is feeding from the same trough as newsrooms are downsized amid shrinking advertising revenues. (UPI)
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