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. 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. Continue Reading Memo: Postmedia announces restructuring and buyouts
By The Canadian Press Postmedia said Thursday it plans to reduce its salary costs by 20 per cent through voluntary staff buyouts, adding that layoffs are possible if its target isn’t met, as the media company announced its net loss for its most recent quarter nearly doubled. The company says staff have until Nov. 8…
By H.G. Watson, Associate Editor Twelve people have taken buy-outs at the Ottawa Citizen, a Postmedia spokesperson confirmed. Georgia Sourtzis, a communications manager at Postmedia, said she cannot name who in the newsroom has taken a buy-out. A list circulated on Twitter had 15 names, including editor Andrew Potter, who actually announced his departure on…