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Postmedia shuts down wire service, cuts jobs, and signs back up for the Canadian Press

Postmedia Network Inc. will shut down its wire service, reports the Globe and Mail. Since 2007, when its wire service was set up to compete with the Canadian Press, Postmedia produced stories from its Ottawa newsroom for the National Post, the Ottawa Citizen, the Vancouver Sun, the Calgary Herald, the Edmonton Journal and a range of other Postmedia websites and newspapers.

Media War 2.0

That’s the title of Tom Watson’s feature in the new issue of Canadian Business. It looks at how the big players in the Canadian media biz — The Globe, Star, Postmedia, and Sun Media — are all working different strategies as they try to figure out how to make money in a business environment that has changed almost unrecognizeably since the National Post was launched.