Back in the last century, when the weekend print editions of North American newspapers typically weighed as much as a cement block, owning a forest products company was a source of infinite wealth for some of Canada’s richest families.
So much so that, in the 1980s, the Reichmann brothers got into a bidding war to acquire Abitibi-Price and Quebecor founder Pierre Péladeau teamed up with British press baron Robert Maxwell to buy Donohue.
Source: The Globe and Mail
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