Will KTW changes prove to be winning formula?
KAMLOOPS — A scant four days after a massive swap-and-shutdown of daily and community papers by Canadian media giants Torstar and Postmedia, the virus that has the newspaper industry on its knees has struck closer to home, though not with such a virulent strain.
Symptoms of the malady afflicting the industry include dropping revenues and matching cost cutting.
The Torstar-Postmedia deal that was announced Monday involves closing a couple of dozen community and daily newspapers across the country, ranging from the popular 24Hours in Vancouver to the 153-year-old Barrie Examiner in Ontario and other venerable publications.
Close to 300 jobs will be lost.