In Response to the Impact of Digital: Sun Media Continues Implementation of its Restructuring and Optimization Plan
December 04 2013 - 11:00AM
Marketwired
In Response to the Impact of Digital: Sun Media Continues
Implementation of its Restructuring and Optimization Plan
MONTREAL, QUEBEC--(Marketwired - Dec 4, 2013) - Sun Media
Corporation announces the elimination of approximately 200
positions across the organization, of which about a quarter will
come from editorial. The Corporation is taking the restructuring
and optimization initiative at a time of profound, unprecedented
changes in the print media industry driven largely by the digital
revolution.
"It is very tough to announce job cuts," said Julie Tremblay,
President and CEO of Sun Media Corporation. "But as distressing as
they are for the employees involved, these restructuring
initiatives are necessary to maintain our leading position and
ensure the Corporation's sustainability. We truly regret this
decision's impact on the professionals who are leaving our
organization. We thank each and every one of them and we wish them
every success."
About Sun Media Corporation
Sun Media Corporation, a subsidiary of Quebecor Media Inc., is
Canada's largest newspaper publisher, based on paid and free
circulation, publishing over 15.1 million copies each week. With 36
paid-circulation daily newspapers and 3 free dailies in 9 of the 10
largest urban markets in Canada, each with its own dedicated
website, and almost 200 community newspapers, shopping guides and
other specialty publications, Sun Media Corporation's English and
French language newspapers and websites make it a leading provider
of local news and information. Sun Media Corporation includes the
activities of Osprey Media and Canoe.ca, an integrated enterprise
offering e-commerce, information and communication services that
operates a network of Internet portals that attracts over 10.5
million unique visitors per month in Canada, including 5.7 million
in Québec. Sun Media Corporation also provides a range of
commercial printing and related services as well as distribution
services for newspapers, flyers and magazines.
Martin TremblayVice President, Public affairsQuebecor
Media514-380-1985martin.tremblay@quebecor.com
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