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Julie Tremblay, President and CEO of Sun Media Corporation, announces in a letter to colleagues that Sun Media's English-language newspaper business will be sold to Postmedia. She notes that while Sun Media has been part of the Quebecor family for 16 years, the sale to Postmedia will provide the best opportunity for long-term growth and success in the challenging media environment. As part of Postmedia, Sun Media employees will join a large media company focused on print, new technologies, and experimenting with new media platforms. Tremblay expresses pride in Sun Media's leadership in the changing Canadian media landscape.
Julie Tremblay, President and CEO of Sun Media Corporation, announces in a letter to colleagues that Sun Media's English-language newspaper business will be sold to Postmedia. She notes that while Sun Media has been part of the Quebecor family for 16 years, the sale to Postmedia will provide the best opportunity for long-term growth and success in the challenging media environment. As part of Postmedia, Sun Media employees will join a large media company focused on print, new technologies, and experimenting with new media platforms. Tremblay expresses pride in Sun Media's leadership in the changing Canadian media landscape.
Julie Tremblay, President and CEO of Sun Media Corporation, announces in a letter to colleagues that Sun Media's English-language newspaper business will be sold to Postmedia. She notes that while Sun Media has been part of the Quebecor family for 16 years, the sale to Postmedia will provide the best opportunity for long-term growth and success in the challenging media environment. As part of Postmedia, Sun Media employees will join a large media company focused on print, new technologies, and experimenting with new media platforms. Tremblay expresses pride in Sun Media's leadership in the changing Canadian media landscape.
Today we are announcing the sale of our English-language newspaper business to Postmedia. After 16 years as part of the Quebecor family, we are about to part company with you, although, as this sale is subject to Competition Bureau approval that could take a number of months, this will be a long goodbye of sorts.
It is a very large, game-changing transaction in the continuing evolution of Canadian media. But I understand what's most important now is what this will mean to you, our loyal and hard-working employees.
A lot has changed since Quebecor purchased Sun Media in 1999 and in the years since we have worked together to grow, innovate and diversify in an increasingly challenging multiplatform world.
But as Pierre Dion, president and CEO of Quebecor noted today, "the Canadian newspaper business absolutely needs consolidation to remain viable." After a great deal of discussion, we decided that Postmedia offers our English-language properties the best opportunity for long- term growth and success in that environment.
As part of Postmedia, Sun Media will be part of a very large media footprint. You will be working with people well-versed in print, eager to invest in new technologies and inclined to experiment in new media platforms.
We have accomplished a great deal over the last number of years and I am proud that we can say that we have been leaders in the changing media landscape in this country.
It has been an honour to lead you. Bonne chance mes amis!