Shutting down a site is swerving out of the way. As anyone who's seen Rebel Without a Cause knows, whoever swerves first loses . Portals , in other words, are mogul ego trips . Despite the new media losses, parent Quebecor reported strong profitability and revenue growth in the second-quarter and for the first six months. Canoe ists would be encouraged to duck the flying ashtrays.
Individual newspapers can take a decade or more to become profitable.
Most importantly, Canoe is the only credible Canadian portal , at least for now. Because it's linked with a very strong content company. We really believe that content, if it's not king, at least it's key and drives a lots of traffic. He figures Rogers Communications wants to its Excite.ca portal the gateway of the Internet world. Content not only is not king in the Quebecor castle, it's not even important enough to continue to invest in .