Montreal’s La Presse announces new official not-for-profit status
Jul 15, 2018 | 3:15 PM
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Montreal-based La Presse news group says it has officially adopted a not-for-profit structure.
President Pierre-Elliott Levasseur announced on La Presse’s website that the outlet is fully independent from the Power Corporation of Canada as of Saturday.
Going forward, Levasseur says the 130-year-old publication will operate as a “social trust” that will be administered by retired Supreme Court justice Louis LeBel.
La Presse first announced its intention to shift to a non-profit structure in May.
