FP Newspapers Inc Announces Appointment of Secretary

Rhea-AI Summary

FP Newspapers Inc. announced the appointment of David Wei as the new Secretary to the Board of Directors, effective immediately. This internal promotion reflects FPI's commitment to leveraging existing talent for leadership roles. FP Newspapers Inc. holds a 49% interest in the distributable cash flow of FP Canadian Newspapers Limited Partnership, which operates the Winnipeg Free Press and various other media outlets across Manitoba. The company continues to provide engaging content in both print and digital formats, enhancing its reach throughout the province. Stakeholders can find more information on FPI's performance and operations through their official website and regulatory filings.

Positive

• Internal promotion of David Wei could indicate a strengthening of leadership with existing knowledge of the company.
• Maintaining a 49% stake in the distributable cash flow of FP Canadian Newspapers Limited Partnership provides a stable source of income.

Negative

• The company has not disclosed specific plans or strategies following the management change, raising concerns about continuity.
• No clear experience or background details of David Wei were provided, which could lead to questions about his fit for the Secretary role.

WINNIPEG, MB / ACCESSWIRE / April 19, 2023 / FP Newspapers Inc. (TSXV:FP) ("FPI") today announced that David Wei from within the organization will take on the responsibilities of Secretary to the Board of Directors.

About FPI

FP Newspapers Inc. owns securities entitling it to 49% of the distributable cash flow of FP Canadian Newspapers Limited Partnership ("FPLP"). FPLP owns and operates the Winnipeg Free Press, along with several other Manitoba based news and media publications that are available in both print and digital formats. The informative and engaging content we produce has an extensive reach throughout the province of Manitoba. The breadth of our reach provides compelling platforms for those looking to effectively reach a Manitoba audience. Further information can be found at www.fpnewspapers.com and in disclosure documents filed by FP Newspapers Inc. with the securities regulatory authorities, available at www.sedar.com.

For further information please contact:

Mike Power, President and CEO
FP NEWSPAPERS INC.
Phone 204-697-7547

Neither the TSX Venture Exchange Inc. ("Exchange") nor its regulation services provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE: FP Newspapers Inc.

View source version on accesswire.com:
https://www.accesswire.com/750284/FP-Newspapers-Inc-Announces-Appointment-of-Secretary

FAQ

What recent management change occurred at FP Newspapers Inc.?

FP Newspapers Inc. appointed David Wei as the new Secretary to the Board of Directors on April 19, 2023.

What is the significance of David Wei's appointment as Secretary?

David Wei's appointment reflects the company's strategy to promote internal talent, potentially providing a stable leadership transition.

How does FP Newspapers Inc. generate income?

FP Newspapers Inc. earns income through its 49% interest in the distributable cash flow of FP Canadian Newspapers Limited Partnership.

Where can I find more information about FP Newspapers Inc.?

More information can be found on the company's official website and in their regulatory filings available at SEDAR.

What does FP Newspapers Inc. own?

FP Newspapers Inc. owns a significant stake in FP Canadian Newspapers Limited Partnership, which operates the Winnipeg Free Press and other publications.