By Canadian Press

Judge authorizes plan to transform six Quebec dailies into employee cooperatives

Dec 23, 2019 | 4:45 PM

MONTREAL — Quebec’s Superior Court has authorized a plan that transforms six insolvent regional French-language newspapers across the province into employee cooperatives and reduces pensions for retirees by 30 per cent.

Justice Daniel Dumas’ ruling, issued Monday, brings to a close a months-long saga that reached Quebec’s government, which loaned the papers’ ownership group millions in interim financing in an attempt to protect about 350 news jobs.

The daily newspapers affected by the decision are Le Soleil in Quebec City, Le Droit in Ottawa-Gatineau, Le Nouvelliste in Trois-Rivieres, La Tribune in Sherbrooke, La Voix de l’Est in Granby and Le Quotidien in Saguenay.

Dumas’ ruling also blocks the ability of retirees, who had their pensions cut, from suing the new employee-owned entities.

The judge says he understands retirees will be disappointed but his decision saves what was left to be saved from the insolvent newspaper group.

Chamber weighs in

Prince George Chamber of Commerce reacts to Canfor announcements

30m ago

CANFOR REACTION

More local reaction to devastating cuts announced by Canfor

4h ago

Dale Culver

RCMP show support for officers charged with obstruction of justice in Dale Culver trial

5h ago

Groupe Capitales Medias, which owned the six dailies, had lost $25 million in 2018, the year before it filed for bankruptcy protection.

This report by The Canadian Press was first published Dec. 23, 2019.

The Canadian Press