The Canadian publishing industry has undergone significant changes, driven by a decline in advertising dollars, rising costs, and decreasing subscription revenue. The overall operating revenue of Canadian newspaper publishers dropped to just under $2.0 billion in 2022, down 7.9% from 2020. Many Canadian news media outlets have restructured and are experimenting with new business models to stay afloat. At the same time, Canada has experienced the largest increase in the Consumer Price Index (CPI) since 1982 (+10.9%), with an increase of 6.8% since 2021. As a