Postmedia Network Inc. will close six small town newspapers and cease print publication of four more, as well cut about 10 per cent of its workforce across the newspaper chain.
Read More Continue Reading Postmedia to close more local newspapers, cut staff cost by 10 per cent
Six community newspapers will be shuttered as a result of today’s announcement.
Read More Continue Reading Memo: Postmedia announces restructuring and buyouts
Twenty-six full-time and 26 part-time positions in Calgary will be eliminated when plant closes.
Read More Continue Reading Black Press to print Calgary Sun; 52 Postmedia positions to be eliminated
Postmedia executive chairman Paul Godfrey said in a statement that the revenue declines from its legacy business had slowed and there were “positive signs” from its digital advertising initiatives.
Read More Continue Reading Postmedia Q2 loss falls as cost-cutting, tax credit offset lower revenue
“We have reached the point where nurturing the green shoots is a better bet that propping up the gigantic, creaking, tottering timbers.”
Read More Continue Reading Government prolongs the agony for newspapers … just a bit
In some communities, internet access is so limited municipalities can’t rely on social media as a replacement for news.
Read More Continue Reading As local media outlets close, Ontario mayors struggle with how to get information to the public
Print advertising revenue fell 17.9 per cent and print circulation revenue dropped 6.1 per cent.
Read More Continue Reading Postmedia Network Canada reports $5.8M Q1 profit, revenue down from year ago
Canadians often mourn the loss of their local newspaper. But there’s a disconnect, because few Canadians actually pay for a local news subscription.
Read More Continue Reading Instead of mourning local news, try paying for it
Torstar and Postmedia announced a deal to swap 41 total newspapers today.
Read More Continue Reading Here are some of the 290 staff laid off today by Torstar and Postmedia