Troubled Postmedia reports $3-million quarterly loss

Print advertising continued to slide, but the company pointed to an increase in digital revenue of $2.8 million or 8.7 per cent in the quarter as a hopeful sign

Troubled Postmedia reports $3-million quarterly lossPostmedia, the owner of major daily newspapers across Canada, reported Thursday a net loss in the fiscal quarter ended November 30, 2019, of $3 million. A year before, the loss was $1.4 million. The company stated in a news release that revenue for the quarter was $156.7 million compared to $171.3 million last year, representing…

Postmedia net loss hits $7.7 million for third quarter

Postmedia net loss hits $7.7 million for third quarterCanadian media giant Postmedia continues to see declining revenues and net losses. On Wednesday, it said it “intends to continue to identify and undertake ongoing cost reduction initiatives in an effort to address revenue declination in the legacy print business.” In reporting its financials for the three months ended May 31, Postmedia said its net…

Postmedia net loss hits $5.1 million in second quarter

Company says it continues to work on cost reduction initiatives

Postmedia net loss hits $5.1 million in second quarterCanadian newspaper giant Postmedia reported Thursday a net loss of $5.1 million in its second quarter, which ended on Feb. 28. The company owns newspapers across the country, including the Sun Media chain. It said the result compares to a $1.3 million loss in the same period a year ago. “Revenue for the quarter was…

Postmedia announces Q1 loss; Paul Godfrey stepping down as CEO

Postmedia announced Thursday the appointment of Andrew MacLeod as President and Chief Executive Officer

Postmedia announces Q1 loss; Paul Godfrey stepping down as CEOCanadian newspaper giant Postmedia announced Thursday the appointment of Andrew MacLeod as President and Chief Executive Officer, replacing Paul Godfrey as CEO of the media company. “It is with tremendous confidence that I recommended to the Board of Directors that the timing is right for Andrew MacLeod to take on the Chief Executive Officer position…

Can we preserve Canadian newspapers in the digital age?

Not if those publications must compete with the CBC, which operates with the generous help of taxpayers' money

Can we preserve Canadian newspapers in the digital age?An ominous silence has fallen over the demands to save Canada’s newspapers, even as more of their employees take the long walk into the abattoir of the industry’s ambitions. It was only 18 months ago that the Public Policy Forum report authored by Edward Greenspon – The Shattered Mirror: News, Democracy and Trust in the…

Finding salvation in the ashes of the daily newspaper business

The CBC can be the link to broader success, if it goes ad-free and makes its news content freely available to other news platforms

Finding salvation in the ashes of the daily newspaper businessSometime in the not-too-distant future, the nation’s largest media chain is expected to fail, taking many of the nation’s once proud but now emaciated major daily newspapers to the grave with it. Postmedia and others have already issued appeals to the federal government, just as television broadcasters have, with more success, lobbied the Canadian Radio-television…