FP Newspapers Income Fund

FP Newspapers Income Fund

November 14, 2005 06:00 ET

FP Newspapers Income Fund Announces Ratification of New Labour Agreements

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2005) - FP Newspapers Income Fund (TSX:FP.UN), today announced the ratification of new three-year labour agreements covering employees and newspaper carriers at the Winnipeg Free Press.

The three-year agreements, which provide for wage increases for employees of 1.25% in the second year and 1.5% in the third year, as well as a carrier delivery rate increase, and employee benefit and vehicle allowance improvements, were ratified by employees and newspaper carriers today.

The Winnipeg Free Press commenced negotiations with the Media Union of Manitoba and Northwest Ontario Local 191 of the CEP, which represents editorial, advertising, circulation, mailroom and creative services staff and newspaper carriers, and Local 900G of the CEP, which represents pressroom and technical services staff, in August 2005 to replace contracts that expired on September 30, 2005.

FP Canadian Newspapers Limited Partnership owns the Winnipeg Free Press, the Brandon Sun, and their related businesses, as well as Canstar Community News Limited, the publisher of seven community and special interest newspapers in the Winnipeg region. The Winnipeg Free Press newspaper publishes seven days a week, serving Winnipeg and Manitoba with an average seven-day circulation of approximately of 125,000. The Brandon Sun also publishes seven days a week, serving the region with an average circulation of approximately 15,000. Canstar Community News publishes weekly with an average circulation of approximately 204,000. Based in Winnipeg, the businesses employ approximately 630 people in Winnipeg, Brandon and Thunder Bay. Further information can be found at www.fpnewspapers.com, and in the disclosure documents filed by FP Newspapers Income Fund with the securities regulatory authorities available at www.sedar.com.

Contact Information

  • FP Newspapers Income Fund
    Kevin Karr
    Vice President, Chief Financial Officer and Secretary
    (604) 646-3782
    (604) 681-8861 (FAX)