National Post halts Monday edition for the summer
Last Updated: Wednesday, April 29, 2009 | 5:41 PM ET
CBC News
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The National Post will suspend publication of its Monday edition for nine weeks this summer as a cost-cutting move.
Spokesman John Douglas told Reuters the temporary cancellation of the Monday edition will begin June 1. Other than that, the paper will be operating normally with no layoffs or changes in content, said Douglas.
The paper, owned by Winnipeg-based Canwest, has already chopped its weekday editions in Saskatchewan and Manitoba and stopped home delivery in Atlantic Canada a year ago.
Canwest, struggling with a $3.9-billion debt continues to bleed. It has already laid off 560 employees and earlier this month, the company posted a net loss of $1.44 billion for the three months ending in February.
Rather than file for bankruptcy, the media conglomerate keeps negotiating with its creditors for extensions on its debt payment.
The company owns a string of daily newspapers across the country, as well as Global Television and other media holdings.
In April, Canwest placed its five E! network conventional television stations up for sale, though none of them have been sold yet.
Calls to Canwest headquarters by CBC News have not been returned.
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