Canada's Newspaper Industry Shows Signs of Strain

Even though U.S.-style waves of layoffs and major restructurings have not washed over Canada's newspaper industry, signs of a significant downturn are starting to show. Analysts say that as corporations pull back spending on television and newspaper advertising, already flat revenues are likely to begin declining, especially at newspapers in the competitive market of Toronto, Canada' biggest city. Companies such as Torstar Corp and Canwest Global Communications are among those that stand to be hurt the most because of their broad exposure to the flagging newspaper market.

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