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…
Hello everyone. Two weeks ago, shortly after the difficult announcement that 90 of our valuable colleagues were leaving our newsrooms, I challenged our editors to help deliver the message that ambitious journalism still matters very much to Postmedia. They were asked to work with their reporters and senior editors to pitch big projects for…
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…
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…
By Marc Edge And so the Great Canadian Newspaper Roll-up has begun. This was predictable once the Competition Bureau rubber-stamped Postmedia Network’s $316-million takeover of Sun Media last year. As a result, Postmedia now publishes 37.4 per cent of Canadian daily newspaper circulation, accor ding to my calculations. It is in the three westernmost provinces,…
. 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…
Former staffer Stephanie MacLellan recalls her time at a paper that fostered young talent.
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.
We need to find new ways to support media outlets that don’t depend on advertising revenue.