Recent changes in management of the overtly leftist Toronto Star newspaper (their lead editorial today: “Time to improve rights of workers”! —it is perhaps the most left-wing mainstream newspaper in all of North America) were designed to help turn the tide against falling readership and advertisers, and to raise the stock price for the rich liberal-left (socialist?) families that own the Torstar Corp. ownership group.
But this snippet from a story in the National Post caught me eye:
It [the firing of a couple of top executives by the CEO] was an easy sell. Not only was the Star spared a bloodbath, Prichard [the CEO] knows too well that Honderich [the family/owner/board member] wasn’t thrilled about the direction the Star was headed under the tutelage of Messrs. Goodbloom and Gherson [who were fired last week]. Not enough public-service principles espoused by former publisher Joseph Atkinson, and too much business and international coverage.
The CEO thought the owners of the Toronto Star felt as though the Toronto Star was too right-wing. Not left-wing enough.
Made them uneasy, all that “business talk”. Need more socialist talk!
I’ve often joked that the state-run CBC, on its “Newsworld” state news channel, has a “business update” segment every hour or so, and how hideous that was. (Imagine being informed by a pro-socialist outfit about private enterprise business— it’s hideously ironic if nothing else). But I’ve also said I’m surprised that they didn’t have a “socialist update” instead —a kind of “what’s up in the spread and exponential growth of government and government meddling in business and control of our free markets and in socialism generally in Canada today?” report. There’d be more news in that segment than in the free market business news segment most often, and (free ratings booster tip coming up, CBC…) it would appeal to the CBC viewers MUCH more!
So I think that’s what we might expect from the Toronto Star soon, since there is currently “Not enough public-service principles… and too much business and international coverage” at the Toronto Star.
By the way, this line also caught my eye:
Torstar’s board may have bought it, but Bay Street didn’t. The stock slumped down from the $20 range yesterday and a major credit agency downgraded Torstar’s debt.
I love free enterprise and free markets.
PTBC was founded by Mr. Johannesen in 2000.
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