Sun Media Continues Restructuring Initiatives

http://online.wsj.com/article/PR-CO-20130716-908084.html

Sun Media Corporation announces the elimination of 360 positions, the closing of 8 publications across the country and 3 of its free urban dailies, the 24 Hours newspapers in Ottawa, Calgary and Edmonton, as well as a series of initiatives to enhance operational efficiencies. The strategic overhaul is expected to yield annual savings of approximately $55 million. 
The closing of the three 24 Hours newspapers is a result of Sun Media's decision to focus on a single urban newspaper in each market, except Montréal and Toronto, where the mass transit systems warrant the continuation of Sun Media Corporation's free dailies as well. With the continued publication of 24 Hours in Vancouver, Sun Media remains present in all of Canada's major urban markets. 
In addition to these three 24 Hours, the following 8 titles have already ceased or will cease publication: L'Action Régionale in Montérégie (Québec), The Lindsay Daily Post (Ontario), The Midland Free Press (Ontario), The Meadow Lake Progress (Saskatchewan), The Lac du Bonnet Leader (Manitoba), The Beausejour Review (Manitoba), Le Magazine Saint-Lambert (Québec) et Le Progrès de Bellechasse (Québec).