Media
Plastics ban will lead to newsroom layoffs: Metro Media
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Métro Média says it be forced to make “significant cuts” to its newsroom as the the City of Montreal prepares to limit leaflet and advertising delivery in May.
“The inaction of the municipal administration is pushing certain press groups, like ours, to make heartbreaking decisions in the coming weeks,” wrote Métro Média’s president, Andrew Mulé, in a Monday press release.
The company owns several local papers, including Metro, read online and distributed with the Publisac – a small package of leaflets which, for years, was delivered to residents’ doors en masse.
Come May 17, the city will prohibit the delivery of flyers and leaflets to residents without their consent. People will still be able to “opt-in” to have ads dropped off with a green sticker on their mailboxes, but full delivery details have not yet been announced.
The city has justified the advertising ban as a means to eliminate waste – saying a significant portion of Publisacs and other leaflets are left unused and thrown away.
The ban also makes for a significant blow to Metro’s business model. On Monday morning, the company made a “final cry” in a press release, declaring “the local press is dying.”
Metro, which recently launched a digital transition plan, says its paper edition was made unprofitable by the bylaw, cutting distribution and forcing advertisers to jump ship.
“Fearing being associated with a distribution method that had too bad a reputation, some advertisers deserted the local newspapers, thus causing a major drop in revenue that was as sudden as it was unforeseen,” wrote the company in the release.
“Métro Média was forced to abandon paper much earlier than expected.”
Métro Média says its in talks with provincial and federal governments “in the hope of finding a solution” to allow a transition to “new business models.”
In October, the city announced it would deliver lump-sum payments to local media dealing with digitization costs.
Métro Média says that funding did not contribute to its digital transition.
Media
Lawmakers pan Ben Gvir for ‘unforgivable’ tweet on alleged Israeli strike on Iran – The Times of Israel
Italian FM says Israel gave US ‘last minute’ warning about drone attack on Iran
CAPRI, Italy (AP) — The United States told the Group of Seven foreign ministers that it received “last minute” information from Israel about a drone action in Iran early this morning, Italy’s foreign minister says.
Italian Foreign Minister Antonio Tajani, who chaired the meeting of ministers of industrialized countries, says the United States provided the information at session this morning that was changed at the last minute to address the suspected attack.
Tajani says the US informed the G7 ministers that it had been “informed at the last minute” by Israel about the drones. “But there was no sharing of the attack by the US. It was a mere information.”
Early Friday, Iran fired air defenses at a major air base and a nuclear site near the central city of Isfahan after spotting drones, part of an apparent Israeli attack in retaliation for Tehran’s unprecedented drone-and-missile assault on the country last weekend.
In a communique following the three-day meeting, the ministers urged the parties “to prevent further escalation.”
Media
DJT Stock Rises. Trump Media CEO Alleges Potential Market Manipulation. – Barron's
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DJT Stock Rises. Trump Media CEO Alleges Potential Market Manipulation. Barron’s
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Media
DJT Stock Rises. Trump Media CEO Alleges Potential Market Manipulation. – Barron's
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DJT Stock Rises. Trump Media CEO Alleges Potential Market Manipulation. Barron’s
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