Postmedia shuts down wire service, cuts jobs, and signs back up for the Canadian Press

Postmedia Network Inc. will shut down its wire service, reports the Globe and Mail. Since 2007, when its wire service was set up to compete with the Canadian Press, Postmedia produced stories from its Ottawa newsroom for the National Post, the Ottawa Citizen, the Vancouver Sun, the Calgary Herald, the Edmonton Journal and a range of other Postmedia websites and newspapers.

According to the Globe and Mail, the company will cut 25 jobs at its Postmedia News division, and will sign back up with the Canadian Press. A company statement released to its employees and quoted by the Globe and Mail said the move reflected changes to the company and its industry.

From the Globe and Mail:

“Much has changed for our company and our industry,” the company said in a statement. “The way commodity news, such as international, breaking news and general-interest health and lifestyle issues is consumed is changing and no longer requires us to cover all of it directly.”

Rather than assigning its own reporters to stories already being covered by the Canadian Press – which is owned by The Globe and Mail and Toronto Star – Postmedia said it wants to focus its efforts on generating unique local news.