Tag / buy-outs

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Postmedia to close more local newspapers, cut staff cost by 10 per cent

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.
Memo: Postmedia announces restructuring and buyouts

Six community newspapers will be shuttered as a result of today's announcement.
Postmedia plans to cut salary expenses, reports $99.4M loss last quarter

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…
12 buy-outs confirmed at the Ottawa Citizen

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 …