The publisher of Toronto Life, Weddingbells and Fashion Magazine will acquire the last of Rogers Media’s consumer-oriented print and digital publications in a deal that seems at odds with the prevailing pessimism about traditional media.
Seven print and digital titles — including Maclean’s and the French and English versions of Chatelaine — will move from Rogers Media to St. Joseph Communications, a privately owned printing and publishing company based in Toronto.
Insiders of Canada’s technology community reviewed the budget as taking steps in the right direction to help firms scale up operations, but were critical that the Liberal government didn’t go far enough in determining a clear data strategy.
In a budget that announced a total of $22.8 billion in spending over the next five years and will create a projected $19.8 billion deficit in 2020, Finance Minister Bill Morneau addressed some areas that Canada’s technology sector was asking for relief.
IT WORLD CANADA
The budget pointed to a goal of universal high-speed Internet for all Canadians, with a national target of 95 per cent of Canadian homes and businesses to have access to Internet speeds of at last 50/10 Mbps by 2026, with 100 per cent access by 2030 regardless of location in Canada.
“In today’s connected world, it is more important than ever that Canadians have fast and reliable access to the Internet,” federal finance minister Bill Morneau said in his speech to the House of Commons.
DAILY COMMERCIAL NEWS
Changing consumer expectations, new technologies, and new players in the market are pushing hotels and venues to ramp up their digital strategy and capabilities to capture a greater share of meeting and event business.
Consumer expectations around the digital experience are now set at a high bar from daily interactions with user experiences that are instantaneous, seamless and personalized.
Madison Square Garden is known as the world’s most famous arena. The midtown Manhattan home of the New York Knicks and New York Rangers, the Garden has sold out thousands of basketball, hockey, and other sporting events since opening in 1968, along with concerts, circuses, dog shows, political conventions, and even a papal Mass. Yet a pair of back-to-back sellouts in October 2016 heralded not just an entertainment bonanza for the Garden but also a burgeoning global sports phenomenon.
STRATEGY + BUSINESS