Canada’s for-profit news cloud
That’s what it sounds like to me. The entity that has served the country since WWII and is “owned” be several entities can become a for-profit service that I characterize as a news cloud.
If the CP adopts that notion, they would propel themselves into a new paradigm, an information and information technology sharing paradigm that could become globally competitive.
It is more than a name. Somebody should call Don Tapscott and ask him to explain it, or call me.
“Canadian news service to seek profits
The Canadian Press (CP), the newswire service that has been coping with mounting financial challenges, may switch from being a not-for-profit industry co-operative into a profit-seeking business.
Under a tentative deal that requires government approval, the CP would be owned by its three largest current members: CTVglobemedia, which owns the Globe & Mail; Torstar Corp (Toronto Star publisher); and Gesca (La Presse).
The service, which began as a way to distribute reports from the front line back to Canada during the first world war, has since stitched the country together by distributing news from the smallest communities to the largest cities.
Financial difficulties in recent years, created in part when members of the co-op dropped out, led to discussions about restructuring so that the service wasn't dependent on member contributions for its operating costs.”