The Canadian Press, already embroiled in restructuring, took a major blow from Quebecor Inc., which announced it will pull out of the news co-operative in mid 2010 to cut costs, and grow its own in-house news agency, said reports.

Quebecor — owner of the Sun Media and Osprey chains — is CP’s biggest media member group. In 2007 CanWest Global Communication Corp. dropped out.

Reports by the Globe and Mail, Reuters, and Maclean’s, which posted “an apparently authentic Quebecor memo.”


The Canadian Press, already embroiled in restructuring, took a major blow from Quebecor Inc., which announced it will pull out of the news co-operative in mid 2010 to cut costs, and grow its own in-house news agency, said reports.

Quebecor — owner of the Sun Media and Osprey chains — is CP’s biggest media member group. In 2007 CanWest Global Communication Corp. dropped out.

Reports by the Globe and Mail, Reuters, and Maclean’s, which posted “an apparently authentic Quebecor memo.”

[node:ad]