Canadian Press NewsAlert: Sun Media cutting 360 jobs and closing 11 papers

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A 24hours newspaper box sits beside The Ottawa Sun in Ottawa on Tuesday, July 16, 2013. Sun Media Corp. said Tuesday it is cutting 360 positions and closing 11 publications across the country, including its 24 Hours free daily newspapers in Ottawa, Calgary and Edmonton. THE CANADIAN PRESS/Adrian Wyld

MONTREAL – Sun Media Corp. says it’s cutting 360 positions and closing 11 publications across the country, including its 24 Hours free daily newspapers in Ottawa, Calgary and Edmonton.

The Montreal-based company (TSX:QBR.B) says the plan is expected to yield annual savings of approximately $55 million.

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