It is highly likely that the daily newspapers Toronto Sun and Toronto Star will merge.
Postmedia and Nostar Capital, the conglomerates that own Sun and Star respectively, announced that they are currently pursuing a merger.
When the merger is completed, Toronto Star’s banker and Nostar’s CEO, Jordan Vitov, will become chairman, and Postmedia’s CEO, Andrew McLeod, will become CEO.
“We are promoting a merger to strengthen competitiveness and reduce costs,” McLeod said.
However, there is no guarantee that the quality of articles will increase even if they are combined. Toronto loses that much media diversity.
Christopher Wardell, professor emeritus of journalism at Carleton University, pointed out, “The question is whether their media power will become stronger after the merger is unknown.”
In addition to the Toronto Sun, Postmedia, which owns the National Post, the Vancouver Sun, and the Calgary Herald, has recently struggled without making a profit. The Toronto Star also cut many people, including reporters and columnists, as its finances deteriorated.