Thursday, September 13, 2007

Pattison Group offloads share of
24 Hours in Vancouver

Vancouver's edition of the magapaper 24 Hours is now wholly in Sun Media hands, as billboard/distribution/car sales mogul Jimmy Pattison has quietly sold out his share to his newspaper partners. This, according to a story in the Vancouver Province.

Glen Clark, Jim Pattison Group executive vice-president and former B.C. premier, said the Pattison Group was proud of the paper but it didn't hold strategic value for the company. "It's not a strategic investment for us, but it is for [Sun Media]." Sun Media publishes four other editions of 24 Hours in Calgary, Edmonton, Winnipeg, Toronto and Ottawa.

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