Eric Morrison Steps Down as President of The Canadian Press

TORONTO, June 7, 2011 /CNW/ - Eric Morrison, president of The Canadian Press, is stepping down effective immediately, after the completion of a rigorous two year process for an historical reinvention of the news agency.

An interim leadership team has been put in place to manage day-to-day operations. The Board said a search for a successor would be launched immediately.

The CP Board thanks Morrison for his leadership of the organization during his 14 years as president.  A statement from the Board said: "He was the driving force behind technological innovations in areas such as web, mobile and video, which transformed CP into a multimedia news agency, and he was passionate about delivering on the organization's core mission of providing trusted, round-the-clock, real-time news and information in English and French for all media platforms."

The Board also thanks him for assisting in the ownership change at CP last year.  In November, three Canadian media companies agreed to reinvest in The Canadian Press. Square Victoria Communications Group, the parent company of Gesca Ltée, and Torstar Corporation, through its subsidiary Torstar Holdings Inc., along with The Globe and Mail, jointly invested in Canadian Press Enterprises Inc., a new for-profit entity established to take over operations of the news agency. The investors, directly or through their affiliates, operate, respectively, La Presse, The Toronto Star and The Globe and Mail. All three media companies were long-standing members of The Canadian Press cooperative before the change.

"The structure to allow the future success of The Canadian Press has now been put in place and the company has thriving digital products and services and an award-winning collection of journalists, so now is the perfect time for a change," said Morrison.

"We are confident that this new ownership structure and the strategic refocusing we are undertaking will help The Canadian Press become a viable business, capable of funding its pension requirements, and taking advantage of market opportunities to grow revenue and profitability," added the Board statement.

In the meantime, an interim leadership team has been put in place to manage day-to-day operations. This team will be led by Scott White, editor-in-chief, Sandra Clarke, chief financial officer, assisted by Jim Jennings (associate publisher, The Globe and Mail) and Neil Campbell (director of Business Development, The Toronto Star).

About The Canadian Press

The Canadian Press is Canada's most trusted news source and leader in providing real-time, bilingual multimedia content for online, mobile and emerging platforms. Approximately 250 journalists deliver news stories, photos, graphics, audio and online video, plus news coverage from The Associated Press, to daily newspapers, radio and TV stations and websites. Clients depend on The Canadian Press for reliable, accurate and fast coverage, written and edited according to the standards set for the industry by The Canadian Press Stylebook.

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