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. Continue Reading Postmedia Q2 loss falls as cost-cutting, tax credit offset lower revenue
Postmedia sold its Infomart business to Meltwater News Canada Inc. for $38.3 million. Continue Reading Postmedia sees Q4 profit on sale of Infomart unit
The following memo was sent to Postmedia staff on July 7, 2016, by CEO and President Paul Godfrey. Today we announced our Company’s financial results for the second quarter of our 2016 fiscal year – March 2016 to May 2016. The big news today is that we announced a proposed recapitalization transaction that will significantly…
By Christopher Johnson Want to own Canada’s largest newspaper chain? Maybe you can. If over 5,000 former and current Postmedia journalists each invested $7,750, they could own the company’s market capitalization of $41 million on the Toronto Stock Exchange. That’s at a share price of 24 cents, a fraction of its $15 value four years…
. Beginning on the front page of Saturday’s Toronto Star and taking up nearly the entire front page of the business section was a vicious attack on our company. This is just the latest of many attacks from The Toronto Star. The Toronto Star has made several scurrilous claims about our company, its investors and…
Postmedia CEO Paul Godfrey sat down with The Canadian Press for an extensive interview. Here are five things he had to say on cuts, compensation and cufflinks.
Paul Godfrey outlines the cuts and changes at Postmedia.
Postmedia targeting another $30 million in “cost savings” by the end of fiscal 2017.