January 11th, 2012
According to public filings on the Canadian Heritage website (link broken), the Government of Canada contributed $4,166,190 to McClelland & Stewart between 2000 and 2011 via several programs designed to aid Canadian-owned publishers (link broken).
January 10th, 2012
Cultures die symbolically. Canadian culture took a major hit on Monday with the sale of Canada’s most important book publisher, McClelland & Stewart. Canada’s largest university, the University of Toronto, took a gift horse and sold it to the Bertelsmann AG, the fifth-largest book publisher in the world, via its proxy, Random House of Canada.