A bastion of Quebec journalism, La Presse, is undergoing a major change, severing ties with the powerful Desmarais family and becoming a non-profit entity. The Desmarais family has owned La Presse for more than 50 years as part of its conglomerate, Power Corp. "The new structure is designed to be a modern approach adapted to the realities of today's written media," La Presse said in a statement. On Tuesday, it was announced that La Presse was cutting ties with the Desmarais family and becoming a non-profit entity. La Presse has one of the largest newsrooms in Canada, with 585 employees.

Source: CBC News May 08, 2018 15:27 UTC