I've seen it happen many times before; a company makes a move to much smaller digs only to end up closing its doors for good, a few years or months later. Like many, I've worked for companies where this was the case. We hear how "it's good for the company", "things will stay the same", "it's still the same company", and so on... to the grave.
The Toronto Sun, which currently occupies a small fraction of the space in the building originally built to house them exclusively, is moving up from King Street E. to take office space at Postmedia headquarters on Bloor Street E., number 365 (which contains a clue, no doubt).
Today's issue of the Toronto Sun contains a story explaining the "when" but not the "why"; the "real why", not the official line of "there will be great opportunities for Sun Media and Postmedia to work together": They conveniently skirt around the issue...
The Sun's Big move
We say goodbye to our historic King St. location and hello to our new home on Bloor St.
http://www.torontosun.com/2016/03/25/the-suns-big-move
There's a real story coded in that article. But, no surprise, the Toronto Sun is incapable of reporting the unedited truth, which is why I go to the Globe and Mail. While that paper is not perfect, at least it makes an effort to live up to the title of "newspaper", and the Globe is written above a Grade-3 reading level.
Check back here in about 365 days. I'd be willing to clear some space in my tool shed. Rent: $1 per month.
4 comments:
Hmmm....I heard somewhere that Postmedia was a terrible company to work for. Anyway, good to hear they're on hard times. The knuckledraggers must be in a panic!
They have sown the seeds of their own demise by becoming more and more irrelevant.
"Knuckledraggers", lol. It's name-calling, for sure, but at least it's something the Toronto Sun would understand.
Thanks for your comment!
Postmedia is owned by two junk-bond companies, one Canadian and one US, who are squeezing them dry in an attempt to get any profit at all, and destroying them in the process.
Yep, breakers. It's a malady that was common in the 1980's.
The Toronto Sun and the National Post, together in the same sandbox. The imagery is pretty funny.
Thanks for your comment!
Post a Comment