Postmedia has largely replaced local news coverage with paid content, including a long-running campaign for the Canadian Association of Petroleum Producers, and under new CEO Andrew Macleod ordered its editors to hew even harder to the right politically. We are thus in effect paying foreign-owned media to feed us propaganda, an irony perhaps not lost on Justice Hogue.

The National Post is notably owned 98 percent by US hedge funds, as are most of the rest of Canada’s newspapers, despite a 25 percent limit on foreign ownership in this politically influential industry. The Postmedia chain that publishes it has steadily increased its stranglehold on Canada’s press, taking over the Sun Media chain in 2015, the Brunswick News chain in 2022 and Atlantic Canada’s dominant SaltWire Network last year. Postmedia’s majority shareholder by far, with 65 percent ownership, is New Jersey hedge fund Chatham Asset Management, whose manager Anthony Melchiorre is a Trump ally whose supermarket tabloid National Enquirer suppressed allegations of sexual impropriety against Trump during his first presidential bid in 2016.

  • kent_eh@lemmy.caEnglish
    2·
    6 hours ago

    The National Post is notably owned 98 percent by US hedge funds, as are most of the rest of Canada’s newspapers,

    That said, there are still Canadian owned papers, such as the Winnipeg Free Press.

    In addition to being the province’s largest daily paper, it also offers digital subscriptions, for anyone looking for written news that isn’t foreign owned, or is interested in supporting an actual Canadian media source.