Montreal makes investment in local newspapers

The City of Montreal has announced it will be investing $2 million to provide financial relief to dozens of newspapers.

The plan will allow small newspapers to receive a lump sum payment of $85,000. The announcement covers one year before a new city bylaw will effectively ban unsolicited flyers.

A piece published by CTV News expresses the concerns of many in the industry.

In order to qualify for the payment, news organizations must be the owner or occupant of a building in the city, produce a paper delivered to residences, print at least 3,000 copies of each edition, at least six times per year. They must also have been around for at least 12 months prior to the regulation taking effect.