Thursday, October 2nd12.3°C
22738
22438

Toronto, free daily cuts jobs

One of Toronto's free dailies is revamping itself as a weekly under new owners.

Tonight, formerly known as T.O. Tonight, makes the leap from a five-day schedule to publishing only on Thursday starting this week.

The move comes as trade publication company Annex Business Media acquires the newspaper for an undisclosed amount.

Annex president and CEO Mike Fredericks said Tonight will publish once a week, but that talks are ongoing about moving to a more frequent twice-a-week format.

Fredericks, who previously owned 10 per cent of the newspaper, now has full ownership through Annex.

Tonight has faced heated competition from the Internet and other free dailies in Toronto, which include Metro and 24 Hours. Fredericks says the costs of daily distribution outweighed the size of the market.

As part of the changes, the newspaper is cutting three jobs, its editor, a sales representative and one of the founders.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14805.44-155.069
S&P CDNX896.35-12.94
DJIA16804.71-238.19
Nasdaq4422.085-71.305
S&P 5001946.16-26.13
CDN Dollar0.8987+0.0031
Gold1214.40-1.10
Oil86.79-2.32
Lumber344.10+6.30
Natural Gas4.044+0.021

 
Okanagan Companies
Pacific Safety0.135+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.22-0.04
Cantex0.075+0.01
Anavex Life Sciences0.1804-0.0036
Metalex Ventures0.0550.00
Russel Metals34.68+0.11
Copper Mountain Mining2.29-0.13
Colorado Resources0.16-0.005
ReliaBrand Inc0.019-0.001
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.31-0.01

 





FEATURED Property
17968578 - 4524 Eldorado Court, Kelowna, bC
5 bedrooms 6 baths
$3,295,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


23391