"Change is difficult, but we at Postmedia believe with deep conviction in a positive, sustainable and vibrant future for news media in the Atlantic provinces and across Canada," Postmedia CEO Andrew McLeod said in an editorial published Monday.
"Its M.O. has been to slash and burn as much as possible to generate cash out of its property," said April Lindgren, a professor at Toronto Metropolitan University's (TMU) School of Journalism.
The situation is another blow to local journalism, putting dozens of papers and hundreds of jobs at risk.
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