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Torstar Corporation (TSE:TS.B – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.00 and traded as high as C$0.74. Torstar shares last traded at C$0.74, with a volume of 19,112 shares changing hands. Torstar Price Performance The company has […]
The Canadian news industry is in a dire spot. the industry continues to see layoffs at companies big and small, and the impact of Bill C-18.
Meta is now dropping news here and Google is sure to follow pending one last Hail Mary by Canada’s news media organizations, which last week asked the Competition Bureau to commence an inquiry into Meta’s blocking of news content. Should the Competition Bureau accede to our news media’s ridiculous complaint, little doubt will remain that it lives nowhere other than in their pocket.
The "Online News Act", which was approved by the Canadian parliament and received a royal assent on June 22.
In hooking themselves up to government subsidies and now government-ordered subsidies, the chains have apparently been willing to sell out press freedom in Canada to federal bureaucrats. But the chains overplayed their hand by failing to consider the possibility that Meta and Google might not sit still for such extortion and would simply walk away instead.