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Company type | Subsidiary |
---|---|
Industry | Printing |
Founded | 4 February 1978 | (as Sun Publishing)
Defunct | 13 April 2015 |
Fate | Sold to Postmedia Network |
Headquarters | Toronto, Ontario, Canada |
Key people | Pierre Karl Péladeau - Former President & CEO |
Products | Newspapers |
Parent | Postmedia Network Inc |
Sun Media Corporation was the owner of several tabloid and broadsheet newspapers in Canada and the 49% 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 included neither 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.[1] The sale was approved by the federal Competition Bureau on March 25, 2015,[2][3] and closed on April 13.[4] Canoe Sun Media merged with Postmedia rather than being maintained as a separate division.[5]
Quebecor had previously sold its community newspapers in Quebec to TC Transcontinental in June 2014, under a deal first announced in December 2013.[6]
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