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We are being made monkeys of by the hedge funds and private equity firms which have scooped up most of our largest newspapers and turned these formidable weapons of mass propaganda on us. The vulture capitalists are laughing all the way to the bank while we shower them with bailout money and blame Big Tech for not sitting still to be similarly fleeced.
The head of Metro Media says the Quebec newspaper publisher will declare bankruptcy this week.
A week after announcing the "immediate suspension" of Métro Média's activities, the company's president and CEO, Andrew Mulé, is still hoping for some last-minute help to get things back up and running.
"It happened so fast. We just don't know," CEO Andrew Mulé said on Saturday. "We're taking it one day at a time."
The abrupt closure of Quebec newspaper publisher Metro Media will end news coverage of local government in parts of the province's two largest cities, media observers say.