{"id":8513,"date":"2018-05-08T11:34:00","date_gmt":"2018-05-08T15:34:00","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=8cf8b8df226f5a34292d807372c1004f"},"modified":"2018-05-08T11:34:00","modified_gmt":"2018-05-08T15:34:00","slug":"la-presse-plans-to-go-not-for-profit-if-quebec-lets-it","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/05\/08\/la-presse-plans-to-go-not-for-profit-if-quebec-lets-it\/","title":{"rendered":"La Presse plans to go not-for-profit \u2014 if Quebec lets it"},"content":{"rendered":"<p>Montreal-based La Presse news group says it plans to adopt a not-for-profit structure if Quebec repeals a provision allowing it to do so.<\/p>\n<p>The French-language publication says in a statement the change requires the Quebec government to repeal a provision of a Private Act adopted in 1967, regarding its ownership.<\/p>\n<p>President Pierre-Elliott Levasseur says the new structure would benefit from a $50-million contribution from Power Corp., which currently owns La Presse.<\/p>\n<p>The news organization says the financial contribution will help it focus on its strategic plan and bring together the necessary conditions to expand its support base.<\/p>\n<p>The publication says Power Corp. would no longer own it or have any ties with the not-for-profit structure once it is established.<\/p>\n<p>La Presse says it will use operational profits, any government assistance and donor funds to serve its goal of producing high-quality reporting.<\/p>\n<p>&#8212;&#8212;<\/p>\n<p>La Presse&#8217;s parent company holds an investment in The Canadian Press as part of a joint agreement with Torstar and a subsidiary of the Globe and Mail.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Montreal-based La Presse news group says it plans to adopt a not-for-profit structure if Quebec repeals a provision allowing it to do so. The French-language publication says in a statement the change requires the Quebec government to repeal a provision of a Private Act adopted in 1967, regarding its ownership. President Pierre-Elliott Levasseur says the [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8513"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8513"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8513\/revisions"}],"predecessor-version":[{"id":8514,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8513\/revisions\/8514"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}