Source: theglobeandmail.com
The Vancouver Sun and The Province newspapers will offer their employees buyouts to deal with “unprecedented revenue declines,” their publisher said in a memo to employees that bluntly warned that unless changes were made the papers wouldn’t be likely to survive a drop in print advertising.
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Source: ctv.ca
Following a dip in advertising sales this fall that has affected companies across the media industry, Postmedia Network Canada Corp. is offering another round of buyouts to employees at its two daily papers in Vancouver.
Staff at the Granville Square building that houses The Vancouver Sun and The Province received letters from the company last Friday, Dec. 9, explaining that it would once again put forward a “voluntary staff reduction plan” to cut costs at the papers.