Saturday, November 27, 2010

Ontario businessman saves Quebec Chronicle Telegraph

Two weeks ago, Ray Stanton (centre) read in the National Post that the Quebec Chronicle-Telegraph, the oldest continuously published newspaper in North America, had disappeared from newsstands and was in danger of going under after nearly 250 years of existence. Last Thursday, Stanton, president of an Ontario company that builds and manages university residences, and the current publisher, Pierre Little (left) announced they had reached an agreement for Stanton to purchase majority ownership of the newspaper that publishes once a week. Little retains a minority interest. Stanton has no connection to Quebec City nor does he have a background in publishing. But the idea that a publication with such a storied past could be allowed to die struck him as wrong, and he decided to get involved. "This is a great opportunity to save a newspaper with a history of 246 years, and you don't find very many newspapers with that kind of history," Stanton said in a statement.

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