Canada’s Fox News Equivalent Is Going Out of Business
Right wing propaganda is apparently not very popular in Canada. Sun News Network, the Canadian equivalent of the US’s Fox News, is shutting down tomorrow.
Sun News Network will go dark on Friday following a fruitless search for a buyer.
With mounting financial losses, there was no alternative to closing the network, The Huffington Post Canada has learned. Sun Media Corp. spent months actively seeking a potential buyer but found no party capable of taking over the channel.
An official announcement will be made Friday morning when it will already be off air.
The company said the outcome is not its desired goal and that it tried everything it could in the past four years to create an audience base large enough to turn a profit, but the obstacles it faced were insurmountable. The company will lay off an estimated 200 employees, but the exact number has yet to be confirmed at this time.