Earlier this week, Media In Canada reported that number of Quebec-based news brands formerly owned by Groupe Capitales Médias will see most of its weekday print publications cease operations, with a number of jobs permanently lost.
La Coopérative nationale de l’information indépendante (CN2i), which was formed as a co-op in 2019 after Groupe Capitales, the former owner of Le soleil, Le droit, Le novelliste, Le quotidien-Le progrès, La tribune and La voix de l’Est, filed for creditor protection. The group initially decided to stop publishing the paper versions as the COVID-19 pandemic took hold. Those changes will now be permanent.
A decline in advertising revenues caused by the COVID-19 pandemic are to blame, the company said.
Of the 140 staff laid off in late March, only 50 will return to work.
General Manager Stéphanie Lavallée said the co-op is eyeing profitability in 24 to 36 months.
The Saturday print editions will continue.
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