Canadian Press to restructure as for-profit company

The Canadian Press has struck a tentative agreement to convert from an industry cooperative into a for-profit company. Potential investors for the news service include Torstar Corp., CTVglobemedia Inc. and Gesca.The federal government and the agency's union must still approve a turnaround plan, which includes a pension plan restructuring, as part of the deal. A final agreement is expected to be reached by October 2010.

Click here to read more