Montreal-based La Presse news group plans to adopt a not-for-profit structure, if Quebec repeals a provision allowing 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, La Presse said. The money will help the news organization focus on its strategic plan and bring together the necessary conditions to expand its support base, La Presse said. Under the new structure, La Presse will use operational profits, any government assistance and donor funds to serve its goal of producing high-quality reporting. Nearly a year ago, La Presse announced it would end its print edition in 2017 and publish only on its website and tablet edition.

Source: thestar May 08, 2018 18:56 UTC