I do wonder how much notice management gave the employees of their decision to pull the pin. According to HuffPo, Sun staffers were officially notified on Friday after the network had shut down. That must have triggered a stampede of job seekers.
Parent company Quebecor Media had been in talks to sell the network to media mogul Moses Znaimer's Zoomer Media, which also owns specialty TV channels, radio stations, Zoomer magazine and digital properties, according to several reports.
But that deal has apparently fallen through.
The Canadaland media blog reported the network was on a “death watch” in late January, citing employees who said Quebecor could choose to dissolve the network within two months if the sale failed.
Canadaland reported the deal failed because the two sides could not reach an agreement over severance packages for Sun executives.
Did you get that? Apparently Sun faded to black and its employees were put out on the street because Sun executives didn't like their severance packages. Well I guess this summer's Sun News alumni picnic won't be all that jovial - or particularly well attended.