REFILE-UPDATE 2-Quebecor's Sun Media closes newspapers as ad rev dries up

Tue Jul 16, 2013 5:04pm EDT
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* Expects to save C$55 mln a year

* To close 8 community newspapers

* To shut 3 free dailies in Ottawa, Calgary, Edmonton

* Names editor for Toronto Sun

By Krithika Krishnamurthy

July 16 (Reuters) - Canadian media and telecommunications conglomerate Quebecor Inc's Sun Media Corp cut 360 jobs, for the second time in less than a year, and said it was closing eleven newspapers to cut costs amid falling ad revenue.

Canada's largest newspaper publisher cut about 8 percent of its 4,000 odd workforce, Quebecor spokesman Martin Tremblay said.

Sun Media, like other publishers, said it is working on strengthening its digital platform as advertisers flee the print medium and consumers ditch subscriptions in favor of digital access for their smartphones and tablets.   Continued...