Postmedia has entered into two separate print outsourcing agreements: one with TC Transcontinental Printing for the production of the Vancouver Sun and with Black Press for the production of The Province, when its current facility closes in 2015.
As the Calgary Herald moves to a full-colour and slimmer print format on Monday, editor-in-chief Lorne Motley calls the move from in-house production the “end of an era.” The Herald’s parent company, Postmedia Network, put the newspaper’s printing facility on the market and outsourced production to TC Transcontinental Printing.
Torstar said restructuring initiatives it made earlier this year will save the company $26.8 million, but it expects print advertising revenues are likely to continue to be under pressure.
Postmedia Network reported a loss of nearly $36 million in the last quarter, roughly $7 million less than it made during the same period the previous year. The media company says it doesn't expect any improvements next year.
After Black Press bought two publications from and sold four others to Glacier Media, five more B.C. newspapers now have competitors owned by the same company, raising speculation about mergers and closures.
With the power to publish now in the palms of million of hands, what does it mean for the relationship between journalists and the brands whose news they once had a near-monopoly on distribution? And with more brands taking advantage of this fact and moving to tell their own stories and establish their brands as go-to sources of information, what does this mean for news organizations? This week's Scribble Chat with J-Source Future of News editor Ira Basen will look at this relationship, how it has changed in recent years, and how, on a more micro level, journalists have moved into branded content creation roles and why. Oct. 15 from 12–1 p.m. ET.
The Globe and Mail will occupy the top five floors of a 17-storey building at 351 King Street East in downtown Toronto. Employees will start moving at the end of fall 2016.
TC Media has withdrawn from the Halifax market with the sale of its three community newspapers to the Chronicle-Herald.
More and more publishers are convinced native advertising will play an important role in whatever new business model for news emerges out of journalism’s current economic crisis, writes J-Source Future of News editor Ira Basen.
As part of its long-term plan to get out of the real estate business, Postmedia Network is selling off its Calgary Herald building and the Kennedy Heights printing facility for the Vancouver Sun and The Province. The sales would mean the loss of approximately 200 job losses in B.C. and another 60 in Calgary.