Who owns True North News? This question has sparked considerable interest and debate among media enthusiasts and industry experts alike. True North News, a prominent Canadian news organization, has a complex ownership structure that has evolved over the years, making it a subject of scrutiny and speculation.
The ownership of True North News can be traced back to its inception in 1979 when it was founded by John Moore. Moore, a well-known Canadian media personality, was the driving force behind the establishment of the company. However, his ownership was short-lived, as he sold the company to a group of investors in 1984.
Since then, True North News has undergone several changes in ownership. In 1998, it was acquired by CanWest Global Communications Corp., a major Canadian media conglomerate. CanWest Global held a controlling interest in the company until 2010 when it was sold to a group of private equity firms led by Bruce Firestone and David Asper.
The acquisition by Firestone and Asper marked a new era for True North News. The duo, known for their passion for Canadian media, aimed to revitalize the company and restore its position as a leading news organization. Under their leadership, True North News expanded its operations and introduced new initiatives to enhance its content and reach.
In 2015, Firestone and Asper sold their stake in True North News to Torstar Corporation, a diversified media company based in Toronto. Torstar Corporation, which owns the Toronto Star and several other publications, has been actively involved in the Canadian media landscape for over a century.
Despite the changes in ownership, True North News has maintained its commitment to providing accurate, unbiased, and comprehensive news coverage. The company has a diverse portfolio of news outlets, including newspapers, online platforms, and radio stations, catering to a wide range of audiences across Canada.
The ownership of True North News has been a topic of interest due to the company’s significant influence on the Canadian media landscape. As the company continues to evolve under Torstar Corporation’s ownership, it remains to be seen how its future will unfold and what impact it will have on the media industry in Canada.
In conclusion, the ownership of True North News has seen several changes over the years, from John Moore’s initial ownership to its current status under Torstar Corporation. Despite the changes, the company has managed to maintain its position as a leading news organization in Canada, committed to delivering quality journalism to its audience.
