Monday 19 October 2009

Sifton's new job

Beringer Capital has dashed the hopes of Michael Sifton fans that he might return to newspaper management.

The former Osprey Media/Sun Media chief has been hired by Beringer as a managing partner, says Steve Ladurantaye in the Globe and Mail's Streetwise blog.

Beringer Capital plans to “significantly” expand its investment activities in the marketing and media sectors, adding the former CEO of Sun Media as a managing partner, says today's Streetwise posting.

Sifton's new position involves the media, just not in the newsroom arena.

One TSF comment poster said today there are many former Sun Media employees who would gladly work for Sifton and Lou Clancy, outgoing Toronto Sun editor-in-chief.

Sifton, former Osprey chief, was a brief ray of hope when appointed Sun Media chief in 2007. That optimism quickly faded when Sifton quit in 2008 and PKP became Sun Media chief.

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