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Posts By Canadian Press

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Postmedia revenue down more than 25% amid COVID-19 advertising pullback
2 months ago

Postmedia revenue down more than 25% amid COVID-19 advertising pullback

The owner of Canada's largest newspaper chain saw its most recent quarterly revenue slashed by a quarter as advertising revenue decline accelerated amid the COVID-19 pandemic, but said it would stop a pay reduction program one month early thanks to government aid.
Torstar reports $23.5-million loss as Q1 revenue falls in wake of COVID-19
5 months ago

Torstar reports $23.5-million loss as Q1 revenue falls in wake of COVID-19

Torstar Corp. lost $23.5 million in the first quarter as revenue dropped 20 per cent from the same time last year amid a decline in advertising and flyer distribution, the print and digital publisher said Wednesday.
Pandemic-related supports coming for media and journalism, Trudeau says
6 months ago

Pandemic-related supports coming for media and journalism, Trudeau says

By  •  News
The federal government is planning to provide financial support to media organizations to keep journalists working and reporting on the COVID-19 crisis.
Employee takeover of insolvent Groupe Capitales Médias at risk of collapse
10 months ago

Employee takeover of insolvent Groupe Capitales Médias at risk of collapse

By  •  News
Employee efforts to take over an insolvent Quebec newspaper group are at risk of falling apart despite support from the Quebec government.
Torstar suspends dividend until at least late 2020, stock plunges
11 months ago

Torstar suspends dividend until at least late 2020, stock plunges

By David Paddon, The Canadian Press Shares in Torstar Corp. plunged after the company reported a larger-than-expected loss and suspended its quarterly dividend, setting in motion a mechanism that could shift the balance of power among the company’s shareholders. The…
Torstar reports Q2 loss as revenue drops and restructuring costs rise
1 year ago

Torstar reports Q2 loss as revenue drops and restructuring costs rise

By  •  News
Torstar Corp. says it had a $17.4 million loss attributable to equity shareholders in the second quarter, as revenue dropped 11 per cent compared with the same time last year and restructuring expenses increased. The company that owns the Toronto…
The Canadian Press appoints veteran journalist Andrea Baillie as editor-in-chief
1 year ago

The Canadian Press appoints veteran journalist Andrea Baillie as editor-in-chief

By  •  News, People
The Canadian Press is promoting managing editor Andrea Baillie to editor-in-chief, the first woman to oversee editorial operations at the national news wire. The veteran wire news journalist will take the place of Stephen Meurice, who stepped down in April.…
‘Thunder Bay’ podcast to be adapted for TV
1 year ago

‘Thunder Bay’ podcast to be adapted for TV

By  •  News
By Adina Bresge A true-crime podcast probing the deaths and disappearances of Indigenous youth in Thunder Bay, Ont. is set to be adapted for the small screen. Northwood Entertainment and the producers of Canadaland’s “Thunder Bay” are teaming up to…
Vice reporter Ben Makuch loses final bid to block RCMP demand for background material
1 year ago

Vice reporter Ben Makuch loses final bid to block RCMP demand for background material

By  •  News
By Colin Perkel A reporter’s last-ditch attempt at blocking an RCMP demand for his background materials in a terrorism case failed Thursday with a judge refusing to stay the production order. In her ruling, Ontario Superior Court Justice Breese Davies…
Torstar closing Hamilton printing and mailroom operations
1 year ago

Torstar closing Hamilton printing and mailroom operations

By  •  News
Torstar Corp. says it will close its Hamilton printing and mailroom operations this summer and look at selling the property.