One of Canada's largest newspaper publishers is cutting 360 positions and closing 11 publications across the country.
Sun Media Corp said today that its 24 Hours free daily newspapers in Ottawa, Calgary and Edmonton, Alberta, will be among the publications it will fold.
The newspaper publisher says the plan is expected to yield annual savings of approximately USD 52 million.
Sun Media says it made the decision to close the three 24 Hours newspapers because it wants to focus on a single urban newspaper in each market, except Montreal and Toronto.
The company will continue to publish 24 Hours in Vancouver.
Sun Media, which is a subsidiary of Montreal-based Quebecor Inc, is also closing eight publications in smaller communities in several provinces including three francophone publications in Quebec.
