Sun Media

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Sun Media Corporation
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Sun Media Corporation
Postmedia Network Inc

Sun Media Corporation was the owner of several tabloid and broadsheet newspapers in Canada and the 49 percent owner of the now defunct Sun News Network. It was a subsidiary of Quebecor Media.

On October 6, 2014, Quebecor Media announced the sale of the remaining English-language print assets of Sun Media to rival

Canoe Sun Media merged with Postmedia rather than being maintained as a separate division.[5]

Quebecor had previously sold its community newspapers in Quebec to

TC Transcontinental in June 2014, under a deal first announced in December 2013.[6]

History

Sun Publishing was formed on February 4, 1978 through the amalgamation of Toronto Sun Holdings Ltd and Toronto Sun Publishing Ltd. The two companies had been formed in 1971 with the launch of the

Calgary Albertan
on July 31, 1980 for $1.3 million and relaunched it days later as the Calgary Sun, with the same format and appearance as its sister papers.

In 1983, 50% of Sun Media was acquired by Maclean-Hunter for $55 million. That same year, Sun Media, with Maclean-Hunter's backing, acquired the Houston Post for $100 million in an attempt to expand into the United States. It was sold for $150 million four years later. In 1987, Maclean-Hunter's Financial Post weekly was sold to Sun Media for $46 million and was relaunched as a daily tabloid financial newspaper the following year.[7] In 1988, Sun Media acquired the Ottawa Sunday Herald which it would relaunch as the daily Ottawa Sun.[8]

In 1994, Maclean-Hunter was purchased by

Postmedia
which, ironically, had former Sun Media CEO Paul Godfrey as its chief executive. The sale was completed in April 2015 and Sun Media was dissolved with its newspapers being absorbed by the Postmedia chain.

Sun Media publications

Sun newspapers

Le Journal newspapers

24hrs newspapers

Local daily newspapers

Alberta

Manitoba

Ontario

Weekly newspapers

Alberta

Manitoba

Ontario

Saskatchewan

Other publications

Magazines

Former assets

The following publications have been closed by Sun Media:[9]

Sold

References

  1. ^ "Quebecor sells 175 Sun Media newspapers and websites to Postmedia - Business - CBC News". Cbc.ca. 2014-10-06. Retrieved 2016-12-15.
  2. ^ "Postmedia gets OK from Competition Bureau to buy Sun Media newspapers". Toronto Star. March 25, 2015. Retrieved March 25, 2015.
  3. ^ "Postmedia buys Sun Media's English titles for $316-million — including flagship Toronto Sun". National Post. October 6, 2014. Retrieved October 6, 2014.
  4. ^ "Postmedia-Sun Media deal officially closes". The Globe and Mail. 2015-04-13. Retrieved 2016-12-15.
  5. ^ "Canoe | Celebs - Trends - Travel - News - Tech | Videos | Autos". En.canoe.com. Archived from the original on April 25, 2015. Retrieved 2016-12-15.
  6. ^ TC Transcontinental (2014-06-02). "Transcontinental Inc. completes transaction with the Sun Media Corporation in Quebec". Retrieved 2014-10-09.
  7. ^ "Maclean Hunter increases its stake in Sun". The Toronto Star. Toronto. 8 January 1988. p. E3.
  8. ^ Jessica Potter. "Sun Media Corporation". The Canadian Encyclopedia. Retrieved September 4, 2019.
  9. ^ Sun Media cutting 360 jobs, closing 8 publications, 3 free dailies. 680News (2013-07-16). Retrieved on 2013-08-17.

External links

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