09:14:03 EDT Fri 26 Apr 2024
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ZoomerMedia Ltd
Symbol ZUM
Shares Issued 267,618,297
Close 2015-02-03 C$ 0.07
Market Cap C$ 18,733,281
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Globe says Quebecor's Sun News Networks limps off stage

2015-02-13 08:56 ET - In the News

See In the News (C-QBR) Quebecor Inc

The Globe and Mail reports in its Friday edition Sun News Network is going dark. The Globe's James Bradshaw writes the TV station that launched in 2011 promising "hard news and straight talk" will go off the air Friday morning. The closing will mean the loss of 150 full-time jobs and affect about 200 employees and contributors. Last year, Postmedia Network Canada struck a deal to the English-language Sun Media newspapers and digital news sites from Quebecor for $316-million. Not included in the agreement was Sun News Network. That left the TV network effectively orphaned, as it drew its name and some of its content from the Sun chain. In recent months, Quebecor shopped it around, but failed to find a serious buyer. Seven-cent ZoomerMedia was mentioned, but nothing came of it. The channel was known for provocative and opinionated personalities such as Ezra Levant, who drew rebukes from regulators more than once. During daytime hours, its programs often drew just a few thousand viewers. It may be remembered for some of its more outlandish moments, including coverage of a charity boxing match between Liberal MP Justin Trudeau and Senator Patrick Brazeau. It suffered heavy financial losses due to low ratings.

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