REVIEW OF THE QUEBEC DAILY NEWSPAPERS FILE

REVIEW OF THE QUEBEC DAILY NEWSPAPERS FILE 
By Bernard Bujold - 
The assessment of the future of Power Corporation's 6 former newspapers is becoming more and more obvious! It will be difficult to avoid final bankruptcy...
Pierre-Karl Péladeau is no longer even sure if he will make an offer to the trustee because the procedure is more unpredictable than a private company offer such as the one he made last week (August 12, 2019) and which was refused by François Legault's government. In addition, an informal survey of other media groups in Quebec shows very little serious interest in buying back the 6 dailies... 
The auction process by the trustee will begin after Labour Day on September 2 and the conclusion should be fairly quick. It will be either a takeover by another group or a liquidation sale of assets at the public auction. Moreover.
La Presse Plus could well be the next in serious difficulties because, according to the minister responsible for the file at the Quebec Government (Pierre Fitzgibbon), the public fundraising campaign is not obtaining the results necessary for the survival of the media. The operating deficit would be $30 to $50 million for one year...
In the end, the only winner is the Power Corporation group, because it is no longer the legal owner, can avoid this whole saga and save its money...
In business, you have to know how to make the right decisions! Pierre Péladeau Sr. always rehearsed: "...Don't throw good money after bad money..."
SEE REPORTS 
1. AUCTION SALE 
2. LA PRESSE PLUS IN DIFFICULTY 
3. THE POWER CORPORATION GROUP BIG WINNER