Postmedia to Go Public
On Tuesday, March 15, Postmedia Network Canada Corp. filed a preliminary non-offering prospectus in order to list its shares on the Toronto Stock Exchange. According to the Globe and Mail, the potential listing comes as no surprise because the lenders who bought the company formerly known as CanWest made the condition that Postmedia was to be listed on the TSX by this July. According to the CBC, Postmedia is the largest English-language newspaper publisher in Canada, owning 11 daily newspapers.
Yukon News Sues CBC
The CBC’s investigative reporter Nancy Thomson might be found in contempt of court today if she does not reveal her sources from her 2004 report to the Supreme Court. Thompson obtained 11 anonymous interviews in Watson Lake, when she conducted a story on drug abuse in that small southern Yukon town. According to the CBC, The Yukon News is being sued for defamation by Watson Lake’s only pharmacist, Dr. Said Secerbegovic, after the newspaper wrote an editorial praising Thomson’s report. The Yukon News wants Thomson’s sources revealed as part of its defence. Ivor Shapiro, Ryerson University’s media law professor, told the CBC, “I’m completely stunned that one news organization would sue another news organization to reveal their sources.”