CP to go for-profit?
Posted by Jen@CBJ in
In the news on 07 5th, 2010 |
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After nearly a century, The Canadian Press news service struck a tentative deal to transform itself into a for-profit company from an industry cooperative, the Globe and Mail reported.
According to an internal memo obtained by Canwest News Service, CP’s three biggest members — CTVglobemedia, which owns the Globe and Mail, Torstar Corp., which runs the Toronto Star, and Gesca, which owns La Presse — would become equal partners in a for-profit entity, to be called Canadian Press Enterprises.
The...