Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Canadian Press May Be Owned by Torstar, Gesca, Globe Says

July 5 (Bloomberg) -- 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.

Canadian Press would be owned by Toronto Star publisher Torstar Corp., CTVglobemedia Inc., which owns the Globe and Mail, and Gesca, which owns La Presse, the Globe said today, without saying where it obtained the information.

The news service struggled after CanWest Global Communications Corp. ended its subscription in 2007 and Quebecor Inc., owner of Sun Media Corp., left this year, the newspaper said. The new agreement is not final and would be subject to federal government approvals, it said.

To contact the reporter on this story: Kevin Bell in Toronto at kbell2@bloomberg.net

To contact the editor responsible for this story: David Scanlan at dscanlan@Bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.