Montreal-based La Presse news group plans to adopt a not-for-profit structure, if Quebec allows it to do so, the company announced Tuesday. Under the new structure, Power Corp. would no longer own the media company or have any ties with the not-for-profit structure. Nearly a year ago, La Presse announced it would end its print edition in 2017 and publish only on its website and tablet edition. La Presse president Pierre-Elliott Levasseur said the decision to become a not-for-profit entity had to be made. “If La Presse can’t survive as a business, most Canadian media outlets have little chance either,” Daniel Bernhard, the organization’s executive director, said in a statement.

Source: National Post May 08, 2018 15:34 UTC