Quebec’s Groupe Capitales Médias receives loan from provincial government

Quebec's provincial government has agreed to loan Quebec's Groupe Capitales Médias $10-million in order to help the struggling publisher to strengthen its digital operations.

Groupe Capitales owns and operates several prominent publications in Quebec. These include Le Soleil (Québec), Le Droit (Ottawa-Gatineau), Le Quotidien (Saguenay), Le Nouvelliste (Trois-Rivières), La Tribune (Sherbrooke) et La Voix de l’Est (Granby).

This news comes on the heels of the Quebec government's decision, released earlier this month, to spend $36.4 million over five years to help the province’s struggling print media.

Of that, $19.2 million will be dedicated to helping media transition to digital platforms.