The Postmedia-Quebecor deal: Welcome to newspaper hell | WHAT REALLY HAPPENED

The Postmedia-Quebecor deal: Welcome to newspaper hell

If you want proof the Canadian newspaper business is on its last legs, look no further than yesterday's announcement Postmedia Network Canada Corp. is about to take over Quebecor Media Inc.'s 175 English-language newspapers and a few other assets, including the five wretched Sun dailies, for a paltry $316 million.

Yes, $316 million would be quite enough for most of us working sluggos to enjoy a spectacular retirement, thank you very much, but it nevertheless is a piddling sum in terms of what newspaper "properties" fetched not so long ago.

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Nobody likes a liar!

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