Nordstar Capital -owned Metroland Media Group (MMG) is transitioning its community publications to a digital-only model and exiting the flyer business as the company undertakes restructuring by seeking bankruptcy protection. The company says the move is in response to "unsustainable financial losses stemming from the changing preferences of consumers and advertisers" and will be accompanied by just over 600 job losses, representing two-thirds of its staff, including about 70 journalists. Due to its financial circumstances, a creditor update indicates the company does not have sufficient funds to pay termination or severance pay, however employees will have the opportunity to file a claim in the course of the restructuring process for money owed. Among MMG's 70+ community news brands are the Guelph Mercury Tribune, Oshawa This Week, the Welland Tribune, Vaughan Citizen, and the Brampton Guardian.