Watching Postmedia bleed red ink is a Canadian pastime on the scale of the vanishing tar sands and those perennial losers, Toronto’s hockey team. The difference is that the tar sands were done in by the Saudis and the Maple Leaf team owners do not care because the fans pay anyway. It is Paul Godfrey’s failed temple of debt that is helping destroy the last vestiges of newspaper readership in Canada.
It is those who let CEO Godfrey acquire the Sun Media chain last year who accelerated the demise. Adding debt on debt is never a wise move. Maybe he thought if he created something that no sensible business person would want to touch, he would be safe.
But Godfrey is taking down the better with the worse. Last time this household tried to end the Toronto Star’s ownership of our breakfast table, we tried the National Post. In a week, the Star was back where it belonged.
Yet we have always liked Postmedia’s Ottawa Citizen. Its editors and writers understand Ottawa. Conversely the Ottawa Sun seems to understand nothing and shares that understanding with the hoi polloi. It is like most other Sun papers that are produced for those who move their lips as they read—the newsprint absorbs the slobber.
And Godfrey announces that he is combining these newsrooms in Ottawa and elsewhere where he can. It is typical right-wing thinking. If he can just get rid of enough of the workers, profit is just around the corner. If they just got rid of Godfrey profit might even be possible.
In all the years that Paul was in the newspaper business you would think he would have understood some of the trends. There is lots of competition for attention out there. There are new generations who would rather exchange information through Facebook and Twitter. Their attention span is measured in seconds not a half hour of paging through a newspaper. And tabloids are more fun to read than metros.
Competition today is not a better social app. It is attention, need, educating, societal need and advancing our society. Are you growing our society or are you pandering to it?
Give it up Paul. It is time you took the millions you have taken out of the newspaper business, shut up shop, retire to that gated community in Florida and leave the business of communications to those who care.
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Copyright 2016 © Peter Lowry
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