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It’s not often that the prime minister of Canada gets his lunch handed to him by a small-town journalist, but that’s exactly what happened last week in Sault Ste. Marie, where Justin Trudeau sat down for an interview with Village Media Editor-in-Chief Michael Friscolanti. During the interview, Friscolanti asked Trudeau if passing the Online News Act was the right move.
The plan is recommended by an independent trustee employed by Grant Thornton, charged with operating in the interest of all the stakeholders in the matter.
The proposal will be voted on by unsecured creditors on Nov. 14. If it isn’t approved, the company will be declared bankrupt and remaining assets liquidated.
The proposal will be voted on by unsecured creditors on Nov. 14. If it isn’t approved, the company will be declared bankrupt and remaining assets liquidated.
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Legal documents show the company’s readership and revenue have been dropping by more than 10 per cent each year for the past three years, while costs have remained constant