2 ms·
>there are barely any popular news media that aren't owned or operated by Tory-friendly interests Correct! In Canada, "Postmedia" fills this role. They own ess
by revolvingocelot 5y ago
>there are barely any popular news media that aren't owned or operated by Tory-friendly interests
Correct! In Canada, "Postmedia" fills this role. They own essentially all of the important papers in Canada, and are 66% owned by an American hedge fund (Chatham Asset Management), and 22% owned by an American billionaire noted for his successful insider trading (Leon Cooperman). [0] Postmedia felt that their papers needed to be more "reliably conservative", and so in 2018 appointed a dude who'd just successfully fought off a unionization drive, Kevin Libin, to take charge of all their papers' political reporting and analysis, to ensure they'd be more friendly to the poor shivering right wing.
Their only meaningful competition, ideologically, was the Toronto Star as owned by Torstar, a corporation deployed in 1958 after the province of Ontario decided that charities couldn't operate newspapers. The Toronto Star, once a relatively left-wing voice known for its investigative journalism, was controlled by the families of the original charity trustees, but in 2020 it was sold to a private investment firm!
[0] https://en.wikipedia.org/wiki/Postmedia_Network https://en.wikipedia.org/wiki/Postmedia_Network
[1] https://www.nationalobserver.com/2019/08/27/opinion/postmedias-employees-should-stand-their-right-wing-bosses https://www.nationalobserver.com/2019/08/27/opinion/postmedi...