La Presse threatens to shut down

North America’s largest French language newspaper will stop publication on Dec. 1 unless it wins major concessions from 700 employees, reports Associated Press.
Vice President Caroline Jamet has announced that both the paper and online version of the 125-year-old newspaper will cease publication in three months, unless costs are cut dramatically. The company wants eliminate 100 jobs and end four-day work weeks for other employees.
La Press is owned by a subsidiary of the Power Corporation of Canada.