Canoe Sun Media
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| Subsidiary | |
| Industry | Printing |
| Fate | Sold to Postmedia Network |
| Founded | February 4, 1978 (as Sun Publishing) |
| Defunct | April 13, 2015 |
| Headquarters | Toronto |
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Key people
|
Pierre Karl Péladeau - Former President & CEO |
| Products | Newspapers |
| Parent | Postmedia Network Inc |
| Website | www |
Sun Media Corporation was the owner of several tabloid and broadsheet newspapers in Canada and the 49 percent owner of the now defunct Sun News Network. It was a subsidiary of Quebecor Media.
On October 6, 2014, Quebecor Media announced the sale of the remaining English-language print assets of Sun Media to rival Postmedia. The sale did not include the Sun News Network, which subsequently closed when a buyer was not found, nor Quebecor's French-language papers Le Journal de Montréal and Le Journal de Québec. The sale was approved by the federal Competition Bureau on March 25, 2015, and closed on April 13.Canoe Sun Media merged with Postmedia rather than being maintained as a separate division.
Quebecor had previously sold its community newspapers in Quebec to TC Transcontinental in June 2014, under a deal first announced in December 2013.
Sun Publishing was formed on February 4, 1978 through the amalgamation of Toronto Sun Holdings Ltd and Toronto Sun Publishing Ltd. The two companies had been formed in 1971 with the launch of the Toronto Sun by former staffers of the defunct Toronto Telegram. On February 14, 1978, the Edmonton Sun, the second member of what would become the Sun chain, was announced through a partnership of Sun Media and Edmonton Sun Publishing Ltd. The paper was launched on April 2, 1978. In 1981, the outstanding shares of Edmonton Sun Publishing Ltd were acquired by Sun Media. The company purchased the Calgary Albertan on July 31, 1980 for $1.3 million and relaunched it days later as the Calgary Sun, with the same format and appearance as its sister papers.
In 1983, 50% of Sun Media was acquired by Maclean-Hunter for $55 million. That same year, Sun Media, with Maclean-Hunter's backing, acquired the Houston Post for $100 million in an attempt to expand into the United States. It was sold for $150 million four years later. In 1987, Maclean-Hunter's Financial Post weekly was sold to Sun Media for $46 million and was relaunched as a daily tabloid financial newspaper the following year. In 1988, Sun Media acquired the Ottawa Sunday Herald which it would relaunch as the daily Ottawa Sun.
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Wikipedia