US EditionMetroland ends print editions of community papers, keeps regional dailies
- Metroland Media Group, owned by NordStar Capital, is filing for bankruptcy under the Bankruptcy and Insolvency Act, leading to the end of print editions of community newspapers and the closure of the flyer business. This decision is a response to unsustainable financial losses caused by changing consumer and advertiser preferences, as well as the impact of the COVID-19 pandemic.
- As a result of the restructuring plan, Metroland will transition its community publications to a digital-only model and eliminate 605 jobs, accounting for 60% of its workforce. This move reflects a shift towards digital platforms due to changing media consumption habits.
- The bankruptcy filing comes after failed merger talks between NordStar and Postmedia Network Canada Corp, and amidst the implementation of the Online News Act in Canada, which requires tech platforms to pay media outlets for content. This reflects the challenges faced by the news industry in securing revenue and adapting to a changing media landscape.
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46 Articles
46 Articles
All
Left
23
Center
5
Right
2
Coverage Details
Total News Sources46
Leaning Left23Leaning Right2Center5Last UpdatedBias Distribution77% Left
Bias Distribution
- 77% of the sources lean Left
77% Left
L 77%
C 17%
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