One of Power Corp.'s two co-chief executives says the print edition of Montreal La Presse will disappear "eventually.''
Co-chief executives Andre and Paul Desmarais Jr. noted the growing interest in online news as well as a steady decline in revenue from print advertising for newspapers.
The issue was raised during Power Corp.'s annual meeting in Montreal today when Paul Desmarais Jr. was asked whether he foresees the disappearance of the print edition of its flagship newspaper.
His reply was, "eventually, yes, quite simply, yes.''
At a news conference after the meeting, the two men did not give a timeline for the scenario.
They say the disappearance of the 130-year-old print edition would more than likely result in the loss of jobs.
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