Guelph Mercury, one of Canada's oldest newspapers, ends print editions

TORONTO -- One of the country's oldest dailies, the Guelph Mercury, will cease publishing its print editions this week, the latest casualty of the deep malaise in Canada's newspaper industry, its publisher announced Monday.

See Full Article

The closure will throw 23 full-time and three part-time employees out of work, including eight in the newsroom. The southwestern Ontario newspaper, which dates to 1867, will print its last edition on Friday.

Publisher Donna Luelo expressed regret at the decision, but said shuttering the print edition was the only viable option. A regional digital team would continue to put out a web version.

"The steep decline in classified and national advertising revenues has made it difficult for the printed copy of the daily newspaper to remain profitable," Luelo said in a statement.

"There is nothing the talented team at the Guelph Mercury could have done differently to affect the outcome."

Across Canada and North America, newspapers have struggled to stay, or become, profitable as free websites have eaten into traditional classified and advertising revenues, while readers have moved to online news sites.

The Mercury's circulation in the city of about 115,000 people had fallen to below 9,000 home-delivery subscribers, Leulo said.

In an email, Luelo said the decision would have no impact on the nearby Waterloo Region Record daily, where she's also publisher.

Montreal's La Presse, also one of the country's oldest and largest newspapers, announced the end of its print product last fall in favour of a tablet edition launched in 2013 at a cost of $40 million.

Just last week, money-losing Postmedia announced it was cutting 90 jobs as it merged newsrooms in Vancouver, Calgary, Edmonton and Ottawa. Also, the 141-year-old Nanaimo Daily News on Vancouver Island announced it would stop publishing.

Black Press, which had bought the paper from Glacier Media in December 2014, said it was it had been unable to develop a sustainable business model for the daily.

The Mercury, owned by Torstar Corporation's Metroland Media Group, was owned by Thomson Newspaper Corp. from 1947 until 1995, when Hollinger Inc. took over. Ownership moved in 1998 to Sun Media before Torstar Corporation took over that same year.

"This is a sad day for Guelph, not just the wonderful people who work here," Mercury sports reporter Tony Saxon said in a tweet.

The Mercury said its real estate publication, called Guelph and District Homes, and its lifestyle magazine Guelph Life would continue as a printed product.

Metroland's president could not be reached for comment.

However, the company said it would deliver news and "unique local content" through its twice-weekly Guelph Tribune.

In a related development Monday, Rogers said it would be cutting 200 jobs in TV, radio, publishing and administration -- about four per cent of its workforce.


Latest Economic News

  • Global shares mixed ahead of Federal Reserve meeting

    Economic CTV News
    TOKYO -- Global shares were mixed Tuesday as some indexes recouped earlier losses set off by an overnight decline on Wall Street. Investors are awaiting the first Federal Reserve meeting under the new chairman, Jerome Powell, and anticipating the first rate increase of the year. Source
  • Expected U.S. rate rise will matter to Canadians with big debt: Don Pittis

    Economic CBC News
    A rise in U.S. interest rates tomorrow is so confidently expected by nearly everyone that a failure to hike rates would shock world markets. In his first official press conference since taking over for Janet Yellen, Federal Reserve chair Jerome Powell is expected to set the direction for interest rate increases this year and into the more distant future. Source
  • Q & A: Russian trolls may be a factor in heated Canadian pipeline debate

    Economic CBC News
    Russian trolls could be a factor in the acrimonious pipeline debates occurring in Canada and the United States, says an expert on ethical hacking and network security. "It could influence it greatly," said John Zabiuk of Edmonton's Northern Alberta Institute of TechnologyNotorious Russian online troll farm also took swipes at Canadian targets"Already there is a wide rift of the knowledge that people have with regard to these projects," he said. Source
  • Scandal-hit Weinstein Co. files for bankruptcy protection

    Economic CTV News
    NEW YORK -- The Weinstein Co. filed for bankruptcy protection on Monday with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein, shook Hollywood and triggered a movement that spread out to convulse other industries. Source
  • Court filings say multiple offers for Toys 'R' Us Canadian stores

    Economic CTV News
    U.S. court filings show that debtors for Toys "R" Us have received multiple non-binding offers for the Canadian division of the troubled retailer. The bankruptcy documents say debtors had reached out to more than 20 interested parties in a bid to sell off the 82 stores in Canada as the toy retailer looks to wind down operations. Source
  • TSX ends down along with U.S. markets, Canadian dollar makes slight gains

    Economic CBC News
    Canada's main stock index joined U.S. markets in the red Monday as a Federal Reserve meeting looms and a share price hit at Facebook over improper data use weighed on the tech sector. The S&P/TSX composite index closed down 121.94 points to 15,589.39, led by declines in energy and base metals as both oil and copper prices slipped. Source
  • Analyst warns B.C. gas prices could soon hit a record high

    Economic CTV News
    VANCOUVER -- Drivers in British Columbia should brace for record high gasoline prices this summer and the financial pain has the potential to spread across the country, says a petroleum industry analyst. Dan McTeague of the online tech company GasBuddy predicts that beginning in April and continuing to September, gasoline prices across much of B.C. Source
  • Facebook shares fall as EU, U.S. urge probes of data practices

    Economic CBC News
    Facebook Inc. faced growing pressure on Monday after European and U.S. lawmakers called for investigations into reports that a consultancy that worked on President Donald Trump's campaign gained access to data on 50 million Facebook users. Source
  • Nordstrom Rack to open first Canadian store in Vaughan, Ont., Toronto to follow

    Economic CTV News
    TORONTO -- American department store Nordstrom is opening the first Canadian location of its discount Rack chain on Thursday. The 35,000-square-foot store will be situated north of Toronto at Vaughan Mills mall. It is promising savings of up to 70 per cent on products from 38 of the 50 brands already sold in its Canadian department stores. Source
  • Greenpeace says brands refusing to reveal palm oil sources

    Economic CTV News
    JAKARTA, Indonesia -- Greenpeace says several major household brands including Hershey and Johnson & Johnson have failed to disclose where they get their palm oil from despite vows to stop buying from companies that cut down tropical forests to grow the widely used commodity. Source