[1] Formerly an independent income trust, Osprey was taken over by Quebecor's Sun Media division in 2007.
In September 2006, the last annual release of Canadian circulation figures before the company's takeover by Quebecor, Osprey Media's dailies had average daily paid and unpaid circulation / distribution of approximately 340,000 copies, while its non-daily newspapers had average weekly paid and unpaid circulation / distribution of approximately 466,000 copies.
Osprey Media Group was created in 2001, when Michael Sifton, heir to the family that had once owned the Regina Leader-Post and the Saskatoon Star-Phoenix, purchased many of the Ontario newspapers that had been put on the market by Conrad Black's Hollinger newspaper group.
They changed their name to Osprey Media LP in January 2006 after receiving Canada Revenue Agency approval of their reorganization plans.
According to Editor & Publisher, the sale of OMIF was at least in part motivated by the pending loss of the tax advantages which had earlier led to the creation of the unit trust.