THE OLD POWER CORPORATION NEWSPAPERS ARE BANKRUPT
THE OLD POWER CORPORATION NEWSPAPERS ARE BANKRUPT By Bernard Bujold - The 6 daily newspapers formerly owned by Power Corporation are officially filed for bankruptcy protection. The Legault Government wants to try to find a way to keep the newspapers running and has granted a $5 million loan to help find a permanent buyer, but its efforts may fail. The screenplay is strangely similar to that of the daily l'Évangéline en Acadie, which closed in 1982. The various provincial and federal governments tried to keep the acadian media alive and even to revive it, but despite the millions in subsidies, this was not possible. I was involved in the efforts to revive the Evangeline and Pierre Péladeau Sr. had been targeted as a buyer... Pierre Karl Péladeau said he is interested in acquiring the 6 media in difficulty but to make an economy of scale with his own newspapers. We can understand here a kind of fusion.... Among the 6 bankrupt dailies, I mainly note ...