Wednesday, 8 August 2007

Cash or Visa?

Update: It's a done deal.

Welcome to the club, Osprey ladies and gents.

Today's the day for Quebecor to pay Osprey $414 million for its 54 daily and weekly newspapers across Ontario.

Meanwhile, Brad Honywill, president of CEP Local 87-M (SONG), says he doesn't expect a rush of former Osprey workers seeking union membership.

"Several Osprey papers are already organized by SONG," Brad told TSF yesterday. "Others are organized by The Newspaper Guild, which is a branch of the Communications Workers of American, i.e. the Sudbury Star and the Kingston Whig.

"I don't anticipate a sudden rush of organizing, because most are already organized, but there may be some unorganized who realize that Quebecor has the ability, through economies of scale/sharing of copy, to reduce staff.

"And Quebecor has already said that's what they intend to do."

Brad says he "fully expects" more Sun Media layoffs, "although the main victims will likely be Osprey employees."

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