this post was submitted on 31 Jan 2025
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The National Post is notably owned 98 percent by US hedge funds, as are most of the rest of Canada's newspapers, despite a 25 percent limit on foreign ownership in this politically influential industry. The Postmedia chain that publishes it has steadily increased its stranglehold on Canada's press, taking over the Sun Media chain in 2015, the Brunswick News chain in 2022 and Atlantic Canada's dominant SaltWire Network last year. Postmedia's majority shareholder by far, with 65 percent ownership, is New Jersey hedge fund Chatham Asset Management, whose manager Anthony Melchiorre is a Trump ally whose supermarket tabloid National Enquirer suppressed allegations of sexual impropriety against Trump during his first presidential bid in 2016.

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[–] humanspiral@lemmy.ca 1 points 6 months ago* (last edited 6 months ago)

FP editorial today says "STFU and take it, plebs". Surprise, its not paywalled, either.