NEWS RELEASE FP NEWSPAPERS INCOME FUND INVESTOR PRESENTATION TO BE WEBCAST Vancouver, B.C. - January 27, 2003 - FP Newspapers Income Fund (TSX:FP.UN), will participate in the Fifth Annual Income Trust Investor Symposium hosted by RBC Capital Markets. Ron Stern, Chairman and Trustee of the Fund will present an overview of the Fund's operating assets and financial performance, as well as discuss the outlook for 2003. Mr. Stern's remarks will also be available in a live webcast. The presentation is scheduled for Wednesday, January 29, 2003 at 3:20 p.m. (EST). To access the webcast, go to http://events.onlinebroadcasting.com/rbc/012803/index.php or follow the link at www.winnipegfreepress.com. For those unable to listen at the time of the live webcast, an archived version will be available for rebroadcast. The Fund owns securities entitling it to 49% of the distributable cash of FP Canadian Newspapers Limited Partnership. FP Canadian Newspapers Limited Partnership owns the Winnipeg Free Press, the Brandon Sun, and their related businesses. The Winnipeg Free Press newspaper publishes seven days a week, serving Winnipeg and Manitoba with an average seven-day circulation of approximately of 129,000. The Brandon Sun also publishes seven days a week, serving the region with an average circulation of approximately 15,000. Based in Winnipeg, the businesses employ approximately 580 people in Winnipeg and Brandon. Further information can be found in the disclosure documents filed by FP Newspapers Income Fund with the securities regulatory authorities available at www.sedar.com. -- 30 --
For further information please contact: Kevin Karr, Vice President, Corporate Development and Secretary
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