Tuesday, September 16th8.3°C
23373
22285

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

23171


Recent Trending




Today's Market
S&P TSX15482.56-49.021
S&P CDNX981.50-6.43
DJIA17031.1443.63
Nasdaq4518.903-48.696
S&P 5001984.13-1.41
CDN Dollar0.9045-0.0002
Gold1240.00+4.90
Oil92.85-0.07
Lumber349.00+1.00
Natural Gas3.977-0.02

 
Okanagan Companies
Pacific Safety0.18-0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.29-0.01
Cantex0.06-0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.065-0.005
Russel Metals36.17-0.09
Copper Mountain Mining2.70-0.18
Colorado Resources0.155-0.01
ReliaBrand Inc0.024-0.0078
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.265-0.01

 





FEATURED Property
2012389214-720 Commonwealth Road
2 bedrooms 2 baths
$124,500
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...


Brangelina and Celebrity vs Philanthropy

This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...

_



23073

23073


Member of BC Press Council


23262