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The Canadian Press

The Canadian Press is a Canadian national news agency headquartered in Toronto, Ontario. Established in 1917 as a vehicle for Canadian newspapers to exchange news and information, The Canadian Press has been a private, not-for-profit cooperative owned and operated by its member newspapers for most of its history. In mid-2010, however, it announced plans to become a for-profit business owned by three media companies once certain conditions were met.

History
Initially, Canada had only regional news associations, lacking a national wire service. The Canadian Press was created by an act of Parliament as a news co-operative, with an annual government grant from 1917 to 1924, In 1941, CP created a subsidiary, Press News Limited with Sam. G. Ross as manager, to provide wire copy to radio stations to compete with American-owned Transradio Press Service and British United Press, the Canadian subsidiary of United Press. CP and then Press News sold news copy to the Canadian Broadcasting Corporation while TPS and BUP sold their copy exclusively to privately owned commercial broadcasters. In 1944, Press News served 35 of 90 radio stations in Canada, had a five-person staff in Toronto, and an annual budget of . In 1945, CP established a French-language radio news service, the first such wire service for French broadcasters in North America. CP Picture Service was established in 1948, to wire photographs to television stations and newspapers in Canada, instead of the images being mailed via the postal service. The Canadian Press operates in both English and French, the latter service being established in 1951 as . With the arrival of radio and television, The Canadian Press created Broadcast News (BN) in 1954, a subsidiary to deliver text specifically written for broadcasters. On January 1, 1954, BN replaced Press News. The venture operated in co-operation with private broadcasters, and supplied news reports to privately owned radio and television stations in Canada. Charles Edwards was named the first manager and secretary of BN. The news agency has a staff of more than 180 journalists in its bureaus across Canada, With its alliance through the Associated Press, there is now a worldwide exchange of news. ==Operation==
Operation
Playing an essential role in the development of Canadian identity, The Canadian Press is wholly dependent on leased telegraphic lines in order to send stories back and forth across the country to their vast number of readers. In addition to providing news to newspapers, radio, and television, The Canadian Press provides online news and photos. Now, almost every daily newspaper in Canada relies on the service brought forth by The Canadian Press. In September 2007, The Canadian Press launched a rebranding campaign in an effort to stay competitive, notably in the wake of the pullout by The CanWest Global's newspaper, television and online news outlets (see below). All of its services, including radio networks Broadcast News and Nouvelles télé-radio, were rolled into a single brand: The Canadian Press. The change marked the end of the familiar (CP) service logo. The Canadian Press also operates the largest online editorial archive of news pictures shot by photojournalists. It was the first in Canada to develop this online archive in 1996 and now it is home to over two million digital images with hundreds of images added each day. These photos appear in newspapers, books and magazines, and online. In addition to news and information, The Canadian Press publishes the Stylebook and Caps and Spelling book, which are considered the chief style guides for Canadian journalists, public relations professionals, editors, and writers of all disciplines. Through a longstanding partnership, The Canadian Press is the exclusive distributor of the Associated Press (AP) and Associated Press Television News (APTN) material in Canada. The AP is likewise the exclusive distributor of The Canadian Press in the United States and worldwide. On March 11, 2009, Sun Media announced that it would also be pulling out of the cooperative. In July 2010, a tentative deal was struck between The Canadian Press' three largest stakeholders, CTVglobemedia, Torstar, and Gesca, to transform the newswire from a co-operative into a for-profit entity. On November 26, 2010, Torstar, The Globe and Mail, and Square Victoria Communications Group announced they have invested in a new for-profit entity, Canadian Press Enterprises Inc., to take over the operations of The Canadian Press. The change in the ownership structure from a non-profit co-operative to a for-profit private business allowed the company to cover its pension needs and take advantage of future business opportunities, Phillip Crawley, publisher of The Globe and Mail, said in an interview, November 26, 2010. The Canadian Press had a serious pension shortfall, which was, in 2010, valued at $34.4 million. ==Notable staff==
Notable staff
Charles Tory Bruce, CP news editor and war correspondent, general superintendent from 1945 to 1963 • William Ashbury Buchanan, elected president of CP in 1944 • Charles Edwards, CP journalist from 1933 to 1944, manager of Press News from 1944 to 1954, manager of Broadcast News from 1954 to 1971 • Jack Sullivan, CP sports editor from 1948 to 1975 ==See also==
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