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RCO





Joined: 02 Mar 2009
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Location: Ontario

PostPosted: Fri Sep 21, 2018 11:29 am    Post subject: Torstar to acquire Ipolitics political news site Reply with quote

( anyone else wonder why a Toronto based newspaper known for its liberal views is buying a small Ottawa based political news site ? )



Torstar Corp. to acquire Ottawa-based political news website iPolitics



Parliament


By:

The Canadian Press


Published:

Sep 20, 2018 10:23am EDT


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Organizations:
iPolitics , TorStar

Tags:
media



The company that owns the Toronto Star newspaper has signed a deal to buy iPolitics Inc., an Ottawa-based digital political news service.

Financial terms of the deal were not immediately available.



Torstar Corp. says once the deal closes its daily newspapers and websites across the country will soon begin publishing articles from iPolitics.

Launched in 2010, iPolitics provides daily political news and industry briefs, a quarterly magazine, policy-oriented podcasts and specialized parliamentary monitoring services.

Torstar says the Toronto Star and iPolitics will maintain separate bureaus in Ottawa.

The deal is expected to close Oct. 1.

Aside from the Star and its affiliated website, Torstar owns daily and community newspapers throughout Ontario, a 56.4 per cent interest in VerticalScope and minority interests in a number of other companies.

Torstar also holds an investment in The Canadian Press as part of a joint agreement with a subsidiary of the Globe and Mail and the parent company of Montreal's La Presse


https://obj.ca/article/torstar-corp-acquire-ottawa-based-political-news-website-ipolitics
RCO





Joined: 02 Mar 2009
Posts: 8904
Reputation: 294.2
votes: 3
Location: Ontario

PostPosted: Fri Sep 21, 2018 11:31 am    Post subject: Reply with quote

Torstar signs agreement to purchase political website iPolitics



Newspaper publisher says plan is to expand Toronto Star coverage of Parliament Hill


CBC News · Posted: Sep 20, 2018 11:44 AM ET | Last Updated: September 20


The company that owns the Toronto Star newspaper has signed a deal to buy iPolitics Inc., an Ottawa-based digital news service. (Eduardo Lima/Canadian Press)


Torstar Corp. announced Thursday that it has signed an agreement to acquire iPolitics Inc., a digital political website based in Ottawa.

The deal is expected to close on or around Oct. 1.


In a written statement, Torstar president and CEO John Boynton praised iPolitics for its "proven record of providing extensive online coverage of federal and provincial politics and government policies across Canada."

The plan is to expand the Toronto Star's coverage of politics with select iPolitics content while maintaining and extending offerings on iPolitics.ca, said Boynton, also publisher of the Star.

"This unique opportunity will allow us to provide critical in-depth policy coverage from iPolitics along with the highly recognized reporting and opinion columns from the Star's Ottawa team," he said.

The two organizations will maintain separate Ottawa bureaus.

Founded in 2010 by editor James Baxter, iPolitics Inc. runs a network of digital and social media sites offering, including through subscriptions, daily political news, a quarterly magazine, podcasts and parliamentary monitoring services.

Bob Hepburn, director of communications for Torstar, said the deal includes all assets of iPolitics Inc. He declined to share the sale price.

"By teaming with the Toronto Star and Torstar's other outlets, the iPolitics team will be able to reach more Canadians and work within an organization that has principles of public-service journalism at its core," said Baxter in a statement about the sale.

Torstar already runs QP Briefing, a subscription-based digital and mobile news source covering Ontario politics and legislative news.

Christopher Waddell, a professor at Carleton University's School of Journalism and Communications, says he wasn't surprised to hear about the sale agreement.

"I know there's been discussions underway for quite awhile that stretch back probably a couple of years, back and forth," he said.

Waddell said the deal with a subscription-based specialty publisher fits with the direction of the paper under Boynton's leadership.

"They're moving in a direction where they're putting all their information behind pay walls — the regular Star as well," he said. "I think where they're headed in part is where lots of news organizations are headed in thinking that people will pay for specified content, particularly if you can provide that content in more depth and more detail."


https://www.cbc.ca/news/business/torstar-buys-ipolitics-1.4831392
RCO





Joined: 02 Mar 2009
Posts: 8904
Reputation: 294.2
votes: 3
Location: Ontario

PostPosted: Fri Sep 21, 2018 11:33 am    Post subject: Reply with quote

Torstar to buy political news outlet iPolitics



By Star Staff

Thu., Sept. 20, 2018


Torstar Corp., publisher of the Toronto Star, says it has agreed to buy Ottawa-based digital news outlet iPolitics Inc. to help expand its political coverage for print and digital audiences.

Following the expected closing of the transaction on or about Oct. 1, Torstar daily newspapers and websites across the country will soon publish articles from iPolitics, a non-partisan digital service that covers federal and provincial politics with a focus on policy development.



Torstar publishes several daily newspapers in Ontario, English-language StarMetro newspapers and more than 80 weekly community papers in the province.



Torstar, in a statement Thursday, said the Toronto Star and iPolitics will retain separate news bureaus in Ottawa, headed respectively by a separate bureau chief and a separate editor.

“We are pleased to announce a transaction to acquire iPolitics, which has a proven record of providing extensive online coverage of federal and provincial politics and government policies across Canada,” said John Boynton, president and chief executive officer of Torstar and Toronto Star publisher.

Launched in 2010 by founder and editor James Baxter, iPolitics provides its subscribers with daily political news and industry briefs, a quarterly magazine, podcasts and specialized parliamentary monitoring services.


It’s considered an invaluable information source by many of Canada’s top business leaders, elected politicians, government officials, public policy influencers and decision-makers, Boynton said. Among the key policy areas covered by iPolitics are the economy, tax reform, trade negotiations, defence spending, the federal public service, veterans affairs, energy, agriculture, cannabis and more.

“iPolitics was born out of a time of unprecedented upheaval in both the news business and within our democratic institutions,” Baxter said. “From our modest beginnings to now, we have been fortunate to be a home for some of the best young, digital-native journalists who have cut their teeth on the biggest issues facing our world.

“By teaming with the Toronto Star and Torstar’s other outlets, the iPolitics team will be able to reach more Canadians and work within an organization that has principles of public service journalism at its core.”

Boynton called the purchase an important step in the company’s transformation in an increasingly digital and mobile news and information world.

“We are excited to offer expanded coverage of political news from expert policy reporters in Ottawa to our customers across Canada,” Boynton said. “This unique opportunity will allow us to provide critical in-depth policy coverage from iPolitics along with the highly recognized reporting and opinion columns from the Toronto Star’s Ottawa team.


“As with our recent agreement with the Wall Street Journal, we aren’t just adding content from iPolitics to our existing political and government coverage. Rather, we’re upping our game by investing in and broadening our political coverage in ways that will inform audiences across Canada that are deeply interested in political affairs. Our customers will benefit from coverage of breaking news as well as extra deep-dive coverage of parliamentary and legislative proceedings where policies and regulations are created, debated and voted upon.”

Torstar publishes several daily newspapers in Ontario, English-language StarMetro newspapers and more than 80 weekly community papers in the province.


As well, Torstar operates QP Briefing, a subscription-based digital and mobile news source covering political and legislative news at the Ontario provincial level. Its digital properties also include thestar.com, while Torstar holds a majority interest in digital media company VerticalScope along with minority interests in a number of other companies.

“This acquisition will complement our award-winning political coverage by the Toronto Star’s Ottawa bureau, offering our customers across Torstar an exclusive online and print package unmatched by other news outlets,” Boynton said. “At the same time, Torstar is committed to serving existing iPolitics subscribers and to enhancing current product offerings on iPolitics.ca.”

Financial terms of the purchase, which is being conducted through one of Torstar’s subsidiaries, were not immediately provided.

https://www.thestar.com/business/2018/09/20/torstar-to-buy-political-news-outlet-ipolitics.html
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