In a bizarre move, two competing papers will continue to be separate entities, but there will be one set of editors and most journalists will be shared.
|Paul Godfrey - CEO Postmedia Corp|
This latest maneuver, in effect, reduces the four cities to print media monopolies. Even as weak as the original Postmedia and Sun papers were, they still competed with each other. Now the same editors will assign reporters from both papers.
Competition Bureau screwed up
Godfrey’s likely last move to try to save his flagging empire will see him close one of the papers in each of the four cities. Look for this to happen within a year.
Postmedia is losing millions each year because of the collapse of newspaper advertising. Meanwhile, the papers have failed to make a successful move to the Internet. Postmedia, which is controlled by American hedge funds, is carrying a debt of $671-million.
Martin O’Hanlon, president of the Communications Workers of America, said “This is not because these papers aren’t making money, this is because Postmedia has a massive debt. “This money that they’re saving by laying people off is going to hedge fund managers in New York.”
If Godfrey cared about journalism he would have been out of the field long ago. Anyone of integrity interested in good journalism would not have stayed around to see these papers turned into shells of their former selves. Maybe it helps that Godfrey commands a large salary, is a multi-millionaire and that, as a prominent (yet failing) businessman he can strut around town as though he is important. In 2014, when the company lost $263.4-million, Godfrey’s income was $1.7-million.
Media experts talk about the day when someone will come up with a formula for quality media to hold its own on the Internet. We’ve been hearing this for 10 years.
Canadians deserve better
Because of their systematic censorship and support for damaging neo-liberal policies, we should not weep over the decline of Postmedia newspapers. But communities and all levels of government better wake up and get involved in re-establishing credible media.
Firstly, there are about 10 small, independent news sites on the Internet, ranging from iPolitics, to The Tyee to rabble.ca. None of them reach very many Canadians. I’ve been telling them that if they want to really serve the public, they should amalgamate or co-operate in some way. Among them they employ about 20 journalists. I have fundraising experience, and I know money could be raised for such a project. Nothing has come from my suggestion.
By the way, I’ve developed a model that I think would allow a community-owned, Internet-based news organization to become self-sustaining. If anyone is interested, please email me: email@example.com
I’ve berated progressive, experienced journalist for not getting out of the mainstream media racket and helping operate or set up media groups to serve their communities. But they’ve been beaten down so badly they don’t have any spunk left, let alone demonstrate a social conscience.
The Canadian Association of Journalists (CAJ) is the one organization that could help lead Canadian journalism back from the wilderness. However, the CAJ has lost influence in recent years, and nothing on its website indicates it is concerned about the big picture of quality journalism in Canada being crippled.
If Canada were part of Europe, our mainstream media would probably be more healthy. Europeans read papers a lot more than Canadians. I recall a few years ago that the average Canadian read a daily newspaper once a week, while the average Dane read a paper every day. Those sales help cover more of the costs of European papers compared to fewer sales in Canada.
Some European governments, recognizing the importance of quality journalism, provide different forms of financial support for newspapers. Grants are either awarded to all papers or through a competitive process.
I’ve discussed this possibility of government support for media with Canadian friends, and most of them reject the idea. They say people wouldn’t want government interfering with our media. Hmmm . . . . it’s true that Harper interfered with the CBC but, even so, the CBC remains the best broadcaster in the country and it does a lot of socially responsible journalism.
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