Canada Post Stamp Magazine Cancelling Printed Edition
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Stamp publication can not be mailed through Canada Post
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Canada Post Starts Negotiations With Union.
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2022–23 Annual Report
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Started in 2007 Newfoundland arts and culture journal since
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Advisory Board on Eligibility for Journalism Tax Measures
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Rebecca Rosenbaum Membership & Communications Manager
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The most untrustworthy Amazon reviews
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Preflight for Adobe CC 2024
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Wow, Torstar really seems to be on a mission to bankrupt one magazine after another.... |
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Full of terrific information, Thanks!... |
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MOORESTOWN, N.J.--(BUSINESS WIRE)--Aaria Ghosh Chakrabarti, the 9-year-old singer/songwriter from Moorestown, NJ and Montreal, QC, announced the launch of her debut album, Feel the Light.
Feel the Light consists of 9 tracks – 4 original compositions with words and music by Aaria, and 4 covers of classic hits arranged by Aaria, spanning a musical spectrum ranging from pop and alternative rock to jazz and symphonic pop, as well as an instrumental piece. Lyrics are in French as well as English given Aaria’s fluency in both languages.
Aaria began training in music at the age of 3 and composing her own music at the age of 5, and has performed live with her supporting Band Wildlife since the age of 7, headlining concerts in the US and India in 2021 and 2022. Several of the original songs and arrangements appearing on Feel the Light have been performed live at these international concerts while undergoing studio recording and production for the album release. Prior to these concerts, Aaria was profiled by the Montreal Academy of Music at the age of 5 for her live performances of Beethoven and Broadway classics.
Feel the Light was recorded at AGC Studios, Aaria’s personal studio. The album was produced by AGC Studios and is currently available for download or streaming on Bandcamp (https://bandwildlife-ft-aaria.bandcamp.com/album/feel-the-light), alongside live videos of international concert performances by Aaria and Band Wildlife. Singles are available on a variety of streaming platforms including Spotify, Amazon Music, and others under Aaria and Band Wildlife. Feel the Light was produced in collaboration with Prof. Andrea Young (Concordia University). The name Band Wildlife was chosen because much of Aaria’s original music centers around the theme of nature and its multifaceted role in our lives.
To commemorate the album launch, Band Wildlife is hosting an online listening party on Dec 16th, 5:00 pm at the following link: Feel the Light Listening Party
Fans can follow Aaria’s studio releases at https://bandwildlife-ft-aaria.bandcamp.com/album/feel-the-light.
About AGC Studios and Aaria World
Aaria has a passion for sharing knowledge through teaching, both in music and other areas including science and chess, with a special emphasis on how knowledge empowers creativity. She hosts the Aaria World social media channels ( https://www.youtube.com/@AariaWorld; http://www.facebook.com/draariaworld ; http://www.instagram.com/draariaworld; http://www.tiktok.com/@draariaworld ) through AGC Studios, where she delivers short or long form lectures on such subjects at a level accessible by children in her peer group, but also useful for adults interested in expanding their knowledge in these areas. These educational videos demonstrate how basic knowledge accessible to even young children through the appropriate teaching tools can be used to create new works such as the Feel the Light album, through knowledge of music theory, to enhance strategic thinking through games like chess, or to contribute to global discourse on how problems of broad societal interest, including those pertaining to nature and the environment, can be solved through science. In the field of music, in addition to the compositions on Feel the Light, Aaria is currently composing her own original classical sonatina to be released in 2024. In the field of chess, in September 2023, Aaria won the United States Chess Federation (USCF)-rated Tri-State Chess Championship in NYC in her division, that placed her within the top 100 9-year old female chess players in the United States. Children can follow Aaria’s lectures on music, science and chess under the respectively named playlists at the above social media channels.
AGC Studios
Dr. Anisha Ghosh
anishagh2013@gmail.com
412-596-9639
9-Year-old Singer/songwriter Releases Debut Album and Singles on Global Streaming Platforms
Award-winning content executive and Twitter and ESPN alumnus to lead MeatEater’s programming, distribution, and monetization efforts
BOZEMAN, Mont.--(BUSINESS WIRE)--MeatEater, Inc. (“MeatEater”), one of America’s top brands in outdoor media and consumer products, has hired Andrew Barge as its Chief Content Officer.
In his new position, Barge will lead an expansive strategy to grow the audience, reach, and monetization of the company’s genre-defining media business, including the flagship MeatEater TV show and more than 25 other original video series; category-leading podcast network with more than a dozen weekly shows; New York Times-bestselling publishing business; as well as web publishing, social media, and live events.
Barge begins his new role this week, reporting to MeatEater CEO Jason Bergsman.
“Andrew’s significant experience in TV, digital media, and social media will supercharge our ambitions to impact and influence millions more Americans with a passionate interest in the outdoors,” said Bergsman. “I’m excited that his partnership-focused approach and commercial leadership will meaningfully accelerate our media business.”
Recently, Barge held the Chief Business Officer role at Buzzer, a start-up focused on streaming sports to Gen Z fans. Prior to Buzzer, Barge spent eight years at Twitter where he served as the company’s lead content dealmaker, overseeing business development across all media publisher verticals (sports, entertainment, music, and news) globally. He inked multi-year deals with major sports leagues (NFL, MLB, NBA, MLS, and NHL) and networks, including NBCUniversal (Olympics) and FOX Sports (World Cups), and launched several Twitter original video franchises, including Talk the Thrones with the Ringer and Friday Night Stripes with Adidas. In 2017, Barge was named to Forbes’ 30 Under 30 Sports list.
Barge also spent six years in brand marketing at ESPN, helping launch the 30 for 30 documentary series and promoting NFL, motorsports, and action sports properties. His marketing work earned ESPN several industry nominations and wins, including Clio, Promax, and Sports Emmys. Barge is a category native, having grown up in the outdoors around Nashville, TN, fishing and hunting ever since.
“Representing the MeatEater brand, its team, mission, and highly engaged audience to prospective partners is an absolute privilege,” said Barge. “The avid outdoorsmen and women that support MeatEater bring a level of dedication, curiosity, and camaraderie that I haven’t seen matched anywhere else in media.”
About MeatEater, Inc.:
MeatEater, Inc. is an outdoor lifestyle media and commerce company founded by renowned writer and TV/podcast personality Steven Rinella. Host of the long-running TV series MeatEater and The MeatEater Podcast (among the top ten sports podcasts), Rinella has gained wide popularity with hunters, anglers, and others through his passion for outdoor adventure and wild foods, as well as his strong commitment to conservation. With the belief that a deeper understanding of the natural world enriches all of our lives, MeatEater brings together leading influencers in the categories of hunting, fishing, wild foods, and conservation to provide a community of fans with premium content, apparel, equipment, and experiences. MeatEater, Inc. is the parent company of First Lite (technical hunting apparel), FHF Gear (outdoor accessories), Phelps Game Calls, and Dave Smith Decoys. MeatEater’s video content distributed via Netflix, Outdoor Sportsman Group cable networks, YouTube, its website www.themeateater.com, its own free ad-supported TV (FAST) channel, and numerous ad-supported video on demand (AVOD) platforms including Roku, PlutoTV, Tubi, and Amazon FreeVee. The company is based in Bozeman, MT.
Katie Finch
katie@themeateater.com
MeatEater Hires Andrew Barge as Chief Content Officer
TORONTO--(BUSINESS WIRE)--Postmedia today announced the return of the historic “The Gazette” logo to the pages of the print newspaper and website of the Montreal Gazette. Also launching is the new tagline: â€There with you then. Here with you now,’ reflecting the longevity, connection and commitment of The Gazette to the city and people of Montreal.
“We’re incredibly proud of the Montreal Gazette’s 245-year legacy of delivering quality, trusted journalism to English-speaking Montreal, and the return of â€The Gazette’ branding reflects the importance we place on our critical role of informing the public and holding power accountable,” said Duncan Clark, Senior Vice President and Chief Content Officer, Postmedia.
“Although the journalism of today is different than in generations past – and even though we tell stories using digital tools that would never have been imaginable in the 18th century – our high standards and promise to seek the truth remain the same,” said Editor in Chief, Lenie Lucci. “Amid the frenetic changes shaking our city, and with many of our institutions under threat, I cannot think of a better time to bring back the Montreal Gazette's historic logo to the pages of the newspaper and our website.”
Subscribers, readers and advertisers will see The Gazette branding starting November 30 at montrealgazette.com and December 1, in print.
About Postmedia Network Inc.
Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B), is a Canadian newsmedia company representing more than 130 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences. Our expertise in home delivery and expanding distribution network powers Postmedia Parcel Services. For more information, visit: www.postmedia.com, www.postmediasolutions.com, and www.postmediaparcelservices.com.
Postmedia
Phyllise Gelfand
Vice President, Communications
(647) 273-9287
pgelfand@postmedia.com
TORONTO--(BUSINESS WIRE)--Postmedia Network Canada Corp. (“PNCC” or the “Company”) today announced that it has completed a refinancing transaction (the “Refinancing”) in respect of its wholly-owned subsidiary Postmedia Network Inc. (“PNI” and together with PNCC, “Postmedia”).
The Refinancing will result in, among other things: (i) the issuance of approximately USD $14.9 million of new first lien notes, maturing November 2028, at an interest rate of 10.5% if paid in cash or 11.5% if paid in kind (the “New First Lien Notes”), (ii) the redemption in full of PNI’s existing 8.5% first lien notes (the “Existing First Lien Notes”) with the proceeds of the aforementioned issuance of New First Lien Notes; (iii) the partial repayment of approximately CAD $4.7 million of unsecured indebtedness with proceeds from the aforementioned issuance of New First Lien Notes and (iv) the entering into of a new 3 year asset-based lending facility (the “New ABL Facility”) with an aggregate commitment equal to the lesser of USD $40 million and a borrowing base, with an advance at closing to be used to repay PNI’s existing asset-based lending facility of approximately CAD $14.5 million in full and other transaction fees and expenses.
Key Terms of the Refinancing
The Refinancing has the following key elements:
Additional Information
Additional information, including financial statements and management’s discussion and analysis can be found on the Company’s website or on SEDAR.
Note: All dollar amounts are expressed in Canadian dollars unless otherwise specified.
About Postmedia Network Canada Corp.
Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B) is the holding company that owns Postmedia Network Inc., a Canadian newsmedia company representing more than 130 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences Our expertise in home delivery and expanding distribution network powers Postmedia Parcel Services. For more information, visit www.postmedia.com, www.postmediasolutions.com and postmediaparcelservices.com.
Forward-Looking Information
This news release may include information that is “forward-looking information” under applicable Canadian securities laws. The Company has tried, where possible, to identify such information and statements by using words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “may,” “will,” “could,” “would,” “should” and similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance. Forward-looking statements in this news release include statements with respect to the closing of the Refinancing and the realization of anticipated benefits associated with the Refinancing. By their nature, forward-looking information and statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risks and uncertainties include, among others: the possibility that the Refinancing does not close and the possibility that Postmedia is unable to meet its obligations under the New First Lien Indenture or under the New ABL Facility. Additional risks include those risk factors set forth in the section entitled “Risk Factors” contained in our annual management’s discussion and analysis for the years ended August 31, 2023 and 2022. Although the Company bases such information and statements on assumptions believed to be reasonable when made, they are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry in which the Company operates, may differ materially from any such information and statements in this press release. Given these risks and uncertainties, undue reliance should not be placed on any forward-looking information or forward-looking statements, which speak only as of the date of such information or statements. Other than as required by law, the Company does not undertake, and specifically declines, any obligation to update such information or statements or to publicly announce the results of any revisions to any such information or statements.
Media Contact
Phyllise Gelfand
Vice President, Communications
647-273-9287
pgelfand@postmedia.com
Investor Contact
John Bode
Executive Vice President, Chief Financial Officer and Chief Transformation Officer
investors@postmedia.com
Postmedia Completes Refinancing Transaction
Insights into priorities, concerns, metrics and budget outlooks for 2024
MIAMI--(BUSINESS WIRE)--#leadership--Approximately 70% of marketing and communications leaders say their role is a mix of both functions, according to new survey results from Muck Rack, the Public Relations Management (PRM) platform that enables organizations to build relationships with the media, manage crisis risk and demonstrate PR’s impact on business outcomes.
Muck Rack’s first ever State of Marketing and PR Leadership report, which surveyed 193 marketing and communications professionals with the title of director or above to examine the evolving landscape of marketing and communications leadership, also found that 44% of marketing and communications leaders report to the CEO.
Regardless of specific roles, leaders across marketing and communications share almost identical priorities: they aim to broaden their reach and enhance their share of voice in the market. However, there are differences in top concerns. Communications and marketing communications (marcom) leaders prioritize building and maintaining media relationships while marketing leaders highlight reporting and analyzing impact as a top concern.
Internal communications has become increasingly crucial at organizations, particularly over the past few years. Muck Rack’s survey found that human resources or another non-marketing function (38%) and communications (37%) leaders are most likely to oversee the function.
“This data shows that communications and marketing leaders don’t have clearly defined roles in many organizations,” said Gregory Galant, cofounder and CEO of Muck Rack. “While there will always be overlap, especially when it comes to brand management, fostering media relationships, storytelling and spotting risks are skills that require the expertise of a seasoned communications professional. Businesses looking to grow market share should consider investing in building successful communications and marketing teams that partner closely on brand initiatives, but operate separately under two distinct leaders.”
Marketing (42%) and marcom (49%) leaders are more optimistic about the potential increase in their 2024 budgets. However, most communications leaders expect their budgets to stay the same.
Collaboration remains a cornerstone of success when marketing and communications teams operate independently. Teams frequently engage in cross-functional collaboration, with regular meetings occurring at least once a week. This reflects the need for close partnership between marketing and communications teams.
Marketing leaders value lead generation as the top success metric, followed by sales, web traffic and conversion rate. Communications leaders focus on the number of stories placed, key message pull-through and reach/impressions. Marcom leaders value lead generation, web traffic and social media engagement metrics, as well as number of stories placed, reach and website impact.
Methodology
The self-administered survey collected 384 responses and used a total of 193 between September 7 and October 26, 2023. The respondents hold CCO, CMO, Director, Vice President, or other C-suite positions. We asked a series of role-confirming questions that allowed us to sort them into three groups: marketing leaders, communications leaders, and marcoms leaders, based on their primary function.
About Muck Rack
Muck Rack is the Public Relations Management (PRM) platform that enables organizations to generate coverage, analyze and report on impact, and drive the efficiency and effectiveness of earned media. It delivers accurate, real-time data, insights and technology to over 4,000 companies worldwide. Journalists use Muck Rack’s free tools to showcase their portfolios, analyze news about any topic and measure the impact of their stories. Learn more at muckrack.com.
MEDIA
Bailey Self
Communications Manager
bailey.self@muckrack.com
Muck Rack Data: Majority of Leaders in Marketing and Communications Cover Both Roles
TORONTO--(BUSINESS WIRE)--Postmedia today announced the launch of HealthingDNA, an innovative new audience segmentation and campaign optimization solution designed exclusively for healthcare industry clients.
“With more than two-thirds of Canadians (69%) using the internet to search for health information*, the credibility and relevancy of content is a key concern to both our audiences and our partners,” said Jenn Laflamme, Vice President, Commercial Operations at Postmedia. “HealthingDNA helps our healthcare partners to deliver the right information, in the right format at the right time.”
HealthingDNA is a custom audience solution that allows clients to efficiently identify and reach the precise healthcare audience segments they want to communicate with for enhanced, powerful campaign performance. HealthingDNA combines Healthing.ca’s original healthcare content with the unparalleled distribution and reach provided by Postmedia’s 130+ brands, allowing clients to deliver information about specific topics or conditions directly to the users most interested in them.
Features of HealthingDNA encompass key program areas of distribution, activation and segmentation including:
Content Production – Healthing is home to original content covering the healthcare journey.
Content Distribution – Healthing content is shared in our online communities, local publications and social channels.
Condition-based Segments – HealthingDNA can segment users by unique topics to understand the scale of the audience.
“By harnessing the power of relevancy, HealthingDNA provides both clients and audiences with verified, compliant, and trustworthy, Canadian content,” said Yuri Machado, Head of Healthcare. “Our HealthingDNA clients will see next-level results from the deep and focused segmentation capabilities the solution delivers.”
HealthingDNA delivers reviewed content to engaged audiences while keeping privacy considerations at the forefront.
For more information about DTC advertising and partnership opportunities contact Yuri Machado at ymachado@healthing.ca.
*Source: StatsCan, Canadian Internet Use Survey, 2020
About Postmedia Network Inc.
Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B), is a Canadian newsmedia company representing more than 130 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences Our expertise in home delivery and expanding distribution network powers Postmedia Parcel Services. For more information, visit: www.postmedia.com, www.postmediasolutions.com, and postmediaparcelservices.com.
About Healthing.ca
Launched in 2019, Healthing.ca is a premier destination to inform, educate and connect readers to the latest healthcare news and issues that matter most to Canadians. Along with stories from Postmedia’s award-winning health writers, Healthing.ca brings together information and resources from healthcare institutions, patient groups, industry researchers and clinicians, curated by disease. Healthing.ca covers the latest news, trends, and innovations happening in the Canadian healthcare industry and connects visitors to resources and tools related to health matters that affect us all.
Postmedia
Phyllise Gelfand
Vice President, Communications
(647) 273-9287
pgelfand@postmedia.com
Introducing HealthingDNA – Innovative Audience Segmentation Model for the Healthcare Industry
TORONTO--(BUSINESS WIRE)--News Media Canada, which represents 570 news publishing titles across Canada, welcomed the changes to the Canadian Journalism Labour Tax Credit announced in the Government of Canada’s Fall Economic Statement.
“The environment for publishers – large and small – is extremely challenging,” said Dave Adsett, chair of News Media Canada and publisher of the Wellington Advertiser. “For local journalism to survive, it needs to be supported by the community and by online companies who benefit from the fact-based, fact-checked work our hard-working journalists produce.”
“These changes recognize the extremely difficult state of the industry and today’s realities of attracting and retaining talent, and reward publishers who invest in and grow their newsroom,” said Paul Deegan, president and chief executive officer of News Media Canada. “Local news is vital, and this targeted investment is both timely and necessary.
“Government and business advertisers need to step up too,” added Mr. Deegan. “Advertiser support is critical to growing newsrooms and, in this era of â€fake news’, to ensuring Canadians are properly informed about real issues that affect them and their families.”
About News Media Canada
News Media Canada is the voice of the print and digital media industry in Canada, representing hundreds of trusted titles in every province and territory.
News Media Canada
media@newsmediacanada.ca
News Media Canada Welcomes Changes to Canadian Journalism Labour Tax Credit
WASHINGTON--(BUSINESS WIRE)--#NCPERS--The National Conference on Public Employee Retirement Systems (NCPERS) has named William Whitman as its Director of Membership and Strategic Alliances.
Bringing with him two decades of experience in helping nonprofits achieve their missions, William will oversee NCPERS’ member recruitment and retention strategy while working to optimize services offered to best support the needs of the public pension community. He will also manage existing industry alliances and work to foster new relationships in order to further NCPERS’ mission to promote and protect pensions.
For the past 15 years, he has been directing member engagement and communications activities for 501(c)(3) organizations in the Washington, DC area, most recently serving as the Director, Member Engagement for the International Food Information Council. William has an extensive track record of creating impactful services and programs for a diverse range of member communities. "Finding the many great ideas that already exist among the members and then spreading those ideas around the community is something that I really enjoy. It's one of the most direct ways to deliver value and help members in their day-to-day," he said.
Commenting on the new hire, NCPERS Executive Director and Counsel, Hank Kim said, “We’re in the midst of an exciting period of growth, and we’re thrilled to have William on board to engage with both new and existing members. NCPERS is committed to adapting our membership services and educational offerings to fit the evolving needs of the public pension community, and he will play an integral role in these developments.”
Over the past few years, NCPERS has rapidly expanded its membership benefits. Members can now take advantage of new virtual networking opportunities specifically designed for public pension HR and communications professionals; participate in a pilot program to help plans optimize recoveries from securities fraud cases; receive discounts on the PensionX digital platform; get access to in-depth compensation and benefits data in the Public Pension Compensation Survey; and more. This year, NCPERS also launched a new educational event, the Pension Communications Summit, and the Public Pension Communicator of the Year Award.
“I'm extremely pleased to be joining the NCPERS team and proud to be supporting this important work to promote retirement security. I’m looking forward to getting to know the current members and working to expand the organization’s reach and impact,” William said.
About NCPERS
The National Conference on Public Employee Retirement Systems (NCPERS) is the largest trade association for public sector pension funds, representing approximately 500 plans, plan sponsors, and other stakeholders throughout the United States and Canada. Organized as a 501(c)(3) non-profit, it is a unique network of trustees, administrators, public officials, and investment professionals who collectively oversee approximately $4 trillion in retirement funds. Founded in 1941, NCPERS is the principal trade association working to promote and protect pensions by focusing on advocacy, research and education, including online learning, for the benefit of public sector pension stakeholders.
Lizzy Lees
lizzy@ncpers.org
William Whitman Joins NCPERS Staff to Support Continued Membership Growth, Build Strategic Alliances
MONTREAL--(BUSINESS WIRE)--Pathway, the AI-driven medical knowledge platform, has secured $5 million in seed funding to advance its solutions to information overload among healthcare professionals. Pathway distills practice guidance from millions of evidence-based sources into concise summaries, helping clinicians stay up-to-date and provide efficient, high-quality care.
The seed round was led by Yamaha Motor Ventures, joined by Verge HealthTech Fund, with participation from existing investors Amplify Capital, BoxOne Ventures, and Formentera Capital. The round also received the backing of several physicians who have experienced the benefits and transformative potential of Pathway firsthand.
"Pathway is quickly establishing itself as the go-to resource for healthcare professionals who need fast, evidence-based answers to their everyday questions. We and our investors share a vision to transform how medical knowledge is organized and delivered through the power of AI," said Jonathan Hershon, CEO of Pathway. "This funding will accelerate the rollout of Pathway's technology and amplify our reach to clinicians globally."
Medical knowledge is growing at an unprecedented rate, intensifying the challenges faced by busy clinicians who must adapt to this phenomenon, all the while being asked to see more patients in less time. In response to the significant demand from its 350,000+ registered healthcare professionals, Pathway is making its clinical decision support tool open access, ensuring more professionals benefit from quality medical evidence worldwide.
Additionally, the company is unveiling Pathway AI in limited beta, its most advanced AI assistant and search tool to date, designed to help clinicians with nuanced medical queries. Pathway’s clinical AI assistant recently showcased its abilities by scoring higher than 97% of human test takers on the US Medical Licensing Examination (USMLE), surpassing the accuracy of MedPaLM 2, Google’s flagship medical LLM, on this benchmark.
“Pathway AI combines the efficiency of Large Language Models (LLMs) with our vast database of physician-vetted data, empowering clinicians with transparent and actionable answers in seconds,” said Dr. Louis Mullie, co-founder of Pathway. Dr. Mullie further emphasized, "We believe that medical knowledge should be open and accessible. Our mission with Pathway is to expand this access, ensuring every clinician has the tools they need to provide the best care possible."
Pathway’s focus on improving the daily experience of clinicians has made its platform the fastest-growing network of verified clinicians. With this new round of funding, Pathway will continue to improve its technology and enable more clinicians worldwide to stay current and make informed decisions for their patients.
About Pathway
Pathway is on a mission to organize the world's medical knowledge, helping clinicians stay updated and make better decisions for their patients. As a rapidly expanding medical knowledge platform, Pathway has a fast-growing community of over 350,000 verified clinicians from leading institutions. From its inception in 2020, Pathway has been harnessing physician-grade AI to facilitate the integration of the latest, high-quality evidence into clinical practice.
Website: https://pathway.md/
X.com / Twitter: https://twitter.com/PathwayMedical
LinkedIn: https://www.linkedin.com/company/pathwaymedical/
Instagram: https://www.instagram.com/pathwaymedical/
Press: press@pathway.md
Pathway Raises $5M to Expand Its AI-Powered Medical Knowledge Platform
CAMBRIDGE, England--(BUSINESS WIRE)--Cambridge Dictionary has announced hallucinate as the Word of the Year for 2023.
The news follows a year-long surge in interest in generative artificial intelligence (AI) tools like ChatGPT, Bard and Grok, with public attention shifting towards the limitations of AI and whether they can be overcome.
AI tools, especially those using large language models (LLMs), have proven capable of generating plausible prose, but they often do so using false, misleading or made-up â€facts’. They â€hallucinate’ in a confident and sometimes believable manner.
The Cambridge Dictionary – the world’s most popular online dictionary for learners of English – has updated its definition of hallucinate to account for the new meaning.
The traditional definition of hallucinate is “to seem to see, hear, feel, or smell something that does not exist, usually because of a health condition or because you have taken a drug”. The new, additional definition is:
“When an artificial intelligence (= a computer system that has some of the qualities that the human brain has, such as the ability to produce language in a way that seems human) hallucinates, it produces false information.”
AI hallucinations, also known as confabulations, sometimes appear nonsensical. But they can also seem entirely plausible – even while being factually inaccurate or ultimately illogical.
AI hallucinations have already had real-world impacts. A US law firm used ChatGPT for legal research, which led to fictitious cases being cited in court. In Google’s own promotional video for Bard, the AI tool made a factual error about the James Webb Space Telescope.
Wendalyn Nichols, Cambridge Dictionary’s Publishing Manager, said: “The fact that AIs can â€hallucinate’ reminds us that humans still need to bring their critical thinking skills to the use of these tools. AIs are fantastic at churning through huge amounts of data to extract specific information and consolidate it. But the more original you ask them to be, the likelier they are to go astray.
“At their best, large language models can only be as reliable as their training data. Human expertise is arguably more important – and sought after – than ever, to create the authoritative and up-to-date information that LLMs can be trained on.”
The new definition illustrates a growing tendency to anthropomorphise AI technology, using human-like metaphors as we speak, write and think about machines.
Dr Henry Shevlin, an AI ethicist at the University of Cambridge, said: “The widespread use of the term â€hallucinate’ to refer to mistakes by systems like ChatGPT provides a fascinating snapshot of how we’re thinking about and anthropomorphising AI. Inaccurate or misleading information has long been with us, whether in the form of rumours, propaganda, or â€fake news’.
“Whereas these are normally thought of as human products, â€hallucinate’ is an evocative verb implying an agent experiencing a disconnect from reality. This linguistic choice reflects a subtle yet profound shift in perception: the AI, not the user, is the one 'hallucinating.' While this doesn't suggest a widespread belief in AI sentience, it underscores our readiness to ascribe human-like attributes to AI.
“As this decade progresses, I expect our psychological vocabulary will be further extended to encompass the strange abilities of the new intelligences we’re creating.”
Addressing hallucinations – if they can ever be fully fixed – may define the future success and uptake of generative AI.
2023 in words
Several other words experienced spikes in public interest and searches on the Cambridge Dictionary website. They included:
New words, new meanings
Cambridge lexicographers added more than 6,000 new words, phrases and senses in 2023 to the Cambridge Dictionary’s 170,000+ English definitions.
Beyond hallucinate, several additions reflect rapid developments in AI and computing, such as:
About Cambridge Dictionary
With over 2.3 billion pageviews and over 420 million visitors per year, Cambridge Dictionary (https://dictionary.cambridge.org) is the world’s most popular website for learners of English, and is the world’s largest free online dictionary by pageviews. It draws on the Cambridge English Corpus – a database of over 2 billion words – covering both British and American English.
 For further information or interviews, please contact press@cambridge.org
â€Hallucinate’ is Cambridge Dictionary’s Word of the Year 2023
Black & White Zebra received recognition as part of the 2023 Deloitte Technology Fast 50™ awards program for its rapid revenue growth, entrepreneurial spirit, and bold innovation.
VANCOUVER, British Columbia--(BUSINESS WIRE)--Celebrating its 26th anniversary, the program recognizes Canada’s 50 fastest-growing technology companies based on the highest revenue-growth percentage over the past four years. Black & White Zebra ranks 16th with a 1356% percent in revenue growth from 2019 to 2022.
Deloitte’s Technology Fast 50 program winners consist of public and private companies in the technology sector that are transforming the industry. The program runs alongside the broader Deloitte North American Technology Fast 500™, with winners automatically eligible for this elite ranking. Black & White Zebra's CEO Ben Aston credits their growing team’s relentless focus on building high quality, engaging media products with the company's 1356% percent revenue growth. Aston said, “We grew and evolved so much this past year—I’m so grateful for our team, contributors and partners who have supported our entrepreneurial, innovative and experimental culture and helped us evolve into the dynamic media tech company we’ve become today.”
“It’s inspiring how this year’s exceptional cohort of Technology Fast 50 winners have delivered outstanding revenue growth even in the face of prevailing uncertainties in the economy and marketplace,” commented Anders McKenzie, partner and national leader for the Technology Fast 50 program at Deloitte Canada. “Fueled by exemplary innovation, creativity, resilience, adaptability, along with superior business leadership, these companies are paving the way as catalysts in their respective sectors and delivering growth and value to the Canadian economy both at home and beyond.”
To qualify for the Deloitte Technology Fast 50 ranking, companies must have been in business for at least four years, have a minimum revenue of $50,000 in 2019 and $5 million in 2022, be headquartered in Canada, own proprietary technology, conduct research, and development activities in Canada and invest a minimum of five percent of gross revenues in R&D.
About the Deloitte Technology Fast 50™ program
The Deloitte Technology Fast 50 program is Canada’s preeminent technology awards program. Celebrating its 26th anniversary, the program recognizes business growth, innovation, and entrepreneurship in four distinct categories: Technology Fast 50 ranking, Enterprise—Industry leaders, Clean Technology, and Companies-to-Watch. The program also recognizes companies within the North American Technology Fast 500 ranking, identifying thriving technology companies in the United States and Canada. The 2023 program sponsors include Deloitte, RBCx, Osler, EDC, CCI, TMX, Clarity, and Lafond. For further information, visit www.fast50.ca.
About Black & White Zebra
Founded in 2012, Black & White Zebra is the parent company for a number of major online publications that aim to provide people with the knowledge and tools they need to succeed professionally. They achieve millions of unique website visitors per month, and generate millions of leads every year for SaaS companies including Monday.com, ClickUp and SmartSheet.
Their publications include: The Digital Project Manager, The Product Manager, The Ecomm Manager, QA Lead, People Managing People, Behavioral Collective, The CX Lead, and Indie Media Club.
For further information, visit: www.bwz.com
Cory Masters
Black & White Zebra
cory@bwz.com
Black & White Zebra ranks #16 in Deloitte’s Technology Fast 50 program 2023
VANCOUVER, British Columbia--(BUSINESS WIRE)--$LEGBF--Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible” / “Company”) is proud to announce a distribution agreement with De Marque Inc., the leading Canadian independent distributor of foreign language literature.
Established in 1990, De Marque represents and markets a wide array of over 2 million eBooks and audiobooks from approximately 3,000 publishers across the globe to more than 1,300 retailers and 1,700 libraries internationally. Known for its significant contributions to Canadian publishing, De Marque offers a diverse catalogue including fiction, nonfiction, children's books, and educational resources.
With this agreement, Legible will be able to provide reading and listening options in French, English, Spanish, Italian, and German throughout its platform. De Marque’s titles will be accessible through Legible’s a la carte purchase bookstore and its recently launched Legible Unbound Membership service, which offers access to a vast curated selection of eBooks and audiobooks through Legible’s web portal and mobile apps.
Angela Doll, Chief Publishing Officer at Legible, stated “We are excited to welcome De Marque, an innovative Canadian leader in the digital publishing industry, to our ever-growing catalogue of prestigious titles. With the addition of De Marque's rich international content, we are curating an extensive library of multi-language titles to better serve our global community of readers.”
The introduction of De Marque’s titles significantly broadens Legible’s already substantial catalog of English language eBooks and audiobooks. The new agreement will provide Legible customers with convenient access to diverse content, contributing to new international sales opportunities and strategic partnerships while boosting the Company's revenue.
Kaleeg Hainsworth, Legible’s CEO, commented “Our agreement with De Marque is accelerating our goal to improve literacy and accessibility on a global basis, and we are honoured to partner with an icon of the publishing industry in doing so. This collaboration will open the door for us to access billions of more people around the world.”
About Legible Inc.
Legible is a groundbreaking, mobile-centric global company specializing in eBooks and audiobook entertainment, boasting a market opportunity exceeding billions of dollars. Legible’s extensive partnerships encompass four of the Big 5 Publishers and the world's largest eBook distributor, enabling it to seamlessly deliver over millions of eBooks and audiobooks, effectively transforming any smart device into a dynamic library and eBookstore.
At the heart of Legible’s innovation lies its LibrarianAI, the world's pioneering AI-powered assistant, enhancing the reading experience. Legible’s publishing division is revolutionizing the industry by crafting proprietary AI-enriched multimedia books, setting new standards in literary engagement.
Legible is at the forefront of reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st-century publishing solutions and enriching global reading experiences.
Please visit Legible.com and discover the place where eBooks come to life.
Cautionary Note Regarding Forward Looking Information
This Press Release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Legible’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible's control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. As such, readers are cautioned not to place undue reliance on the forward- looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Contact Legible Inc.
Deborah Harford
EVP, Global Strategic Partnerships
1 (672) 514-2665
(CSE: READ) (OTCQB: LEBGF) (FSE: D0T)
invest@legible.com
Website: https://invest.legible.com
DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Mouser Electronics, Inc., the industry's leading New Product Introduction (NPI) distributor with the widest selection of semiconductors and electronic components™, is excited to unveil an exclusive video interview with Dean Kamen, founder of FIRST®, which inspires innovation and fosters well-rounded STEM and life skills in hundreds of thousands of young people every year.
Since 2014, Mouser has been a major supporter of FIRST (For Inspiration and Recognition of Science and Technology), a leading youth-serving nonprofit advancing science, technology, engineering, and math (STEM) education through hands-on robotics programs that teach problem-solving, teamwork and more.
In the roughly 10-minute video, Kamen discusses the secrets of success and the importance of technology, as well as the impact of FIRST on youth. "The world of tech keeps raising the bar on what's possible," Kamen said. "There are millions of jobs out there, not just jobs, but careers out there for kids who know how to use technology." To watch the interview, visit https://www.mouser.com/video/?play=6336741597112.
"We are very proud to support FIRST and are excited to present this video featuring Dean Kamen, esteemed inventor and engineer. From our founding, education has been an important facet of Mouser's mission," said Kevin Hess, Mouser's Senior Vice President of Marketing. "The FIRST organization gives students around the world a platform for innovation, a chance to learn valuable engineering skills, and an opportunity to build character and self-esteem."
The interview occurred in Houston, Texas, during the 2023 FIRST Championship, which Mouser co-sponsored. During the 2022-23 season, more than 669,000 youth from 106 countries worldwide discovered and solved engineering challenges through a series of robotics programs. Mouser was also a major presenting co-sponsor of the recent FIRST in Texas/UIL State Robotics Championships, also in Houston. Mouser also supports FIRST teams across its community, providing grants for local high school teams.
To learn more about how Mouser supports FIRST, visit https://www.mouser.com/first/.
For more Mouser news, visit https://www.mouser.com/newsroom/.
As a global authorized distributor, Mouser offers the widest selection of the newest semiconductors, electronic components and industrial automation products. Mouser's customers can expect 100% certified, genuine products that are fully traceable from each of its manufacturer partners. To help speed customers' designs, Mouser's website hosts an extensive library of technical resources, including a Technical Resource Center, along with product data sheets, supplier-specific reference designs, application notes, technical design information, engineering tools and other helpful information.
Engineers can stay abreast of today's exciting product, technology and application news through Mouser's complimentary e-newsletter. Mouser's email news and reference subscriptions are customizable to the unique and changing project needs of customers and subscribers. No other distributor gives engineers this much customization and control over the information they receive. Learn about emerging technologies, product trends and more by signing up today at https://sub.info.mouser.com/subscriber/.
About Mouser Electronics
Mouser Electronics, a Berkshire Hathaway company, is an authorized semiconductor and electronic component distributor focused on New Product Introductions from its leading manufacturer partners. Serving the global electronic design engineer and buyer community, the global distributor's website, mouser.com, is available in multiple languages and currencies and features more than 6.8 million products from over 1,200 manufacturer brands. Mouser offers 27 support locations worldwide to provide best-in-class customer service in local language, currency and time zone. The distributor ships to over 650,000 customers in 223 countries/territories from its 1 million-square-foot, state-of-the-art distribution facilities in the Dallas, Texas, metro area. For more information, visit https://www.mouser.com/.
Trademarks
Mouser and Mouser Electronics are registered trademarks of Mouser Electronics, Inc. All other products, logos, and company names mentioned herein may be trademarks of their respective owners.
For further information, contact:
Kevin Hess, Mouser Electronics
Senior Vice President of Marketing
+1 (817) 804-3833
Kevin.Hess@mouser.com
For press inquiries, contact:
Kelly DeGarmo, Mouser Electronics
Manager, Corporate Communications and Media Relations
+1 (817) 804-7764
Kelly.DeGarmo@mouser.com
Mouser Electronics Talks Technology in Exclusive Interview with FIRST® Founder Dean Kamen
BRAMPTON, Ontario--(BUSINESS WIRE)--DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions to companies across North America, will announce its Third Quarter 2023 results the evening of Wednesday, November 8, 2023.
The Company will host a conference call and webcast on Thursday, November 9, 2023, at 9:00 a.m. Eastern time. Richard Kellam, President and CEO of DCM, and James Lorimer, CFO, will present the Third Quarter 2023 results followed by a live Q&A.
Instructions on how to join the webcast and call are available below. If you’re unable to take part live, a replay of the webcast will be available on the DCM Investor Relations page under the prior events section.
To join the webcast (via Microsoft Teams) on your computer, mobile app or room device
Click here to join the Teams meeting
Meeting ID: 242 523 413 22
Passcode: XtHDYT
Download Teams | Join via the Teams web app
To join the call (audio only)
+1 647-749-9154,,126841512# Canada, Toronto
Phone Conference ID: 126 841 512#
Find a local number | Reset PIN
Learn more | Meeting options
The Company’s full results will be posted on its Investor Relations page and on www.sedar.com. A video message from Mr. Kellam will also be posted on the Company’s website.
About DATA Communications Management Corp.
DCM is a marketing and business communications partner that helps companies simplify the complex ways they communicate and operate, so they can accomplish more with fewer steps and less effort. DCM serves major brands in vertical markets including financial services, retail, healthcare, energy, other regulated industries, and the public sector. We integrate seamlessly into our clients’ businesses thanks to our deep understanding of their needs, transformative tech-enabled solutions, and end-to-end service offering. Whether we’re running technology platforms, sending marketing messages, or managing print workflows, our goal is to make everything surprisingly simple.
Additional information relating to DATA Communications Management Corp. is available on www.datacm.com, and in the disclosure documents filed by DATA Communications Management Corp. on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.
For further information, contact
Mr. Richard Kellam
President and Chief Executive Officer
DATA Communications Management Corp.
Tel: (905) 791-3151
Mr. James E. Lorimer
Chief Financial Officer
DATA Communications Management Corp.
Tel: (905) 791-3151
ir@datacm.com
Data Communications Management Corp. to Announce Third Quarter 2023 Results on November 8, 2023
New law would protect Canadian consumers and enable Canadian businesses to compete in the global marketplace
TORONTO--(BUSINESS WIRE)--The Canadian Marketing Association (CMA) urged the House of Commons Standing Committee on Industry and Technology, at its meeting in Ottawa this week, to adopt the proposed Consumer Privacy Protection Act (CPPA) – with targeted amendments – to modernize consumer privacy protections and ensure Canada maintains a competitive economic position in the global digital economy.
“Canadian consumers expect organizations to intuitively deliver the products and services that they need and want. They are demanding faster and better, more relevant information from companies to help them make informed purchase decisions,” said Sara Clodman, vice president of public affairs and thought leadership, CMA. “The proposed law would foster innovation and allow Canadians to enjoy the enormous social and economic benefits of data.”
According to research from Smart Insights, ninety percent of consumers say one of the most important reasons for sharing their data with companies is to receive discounts on products.
“With more than 80% of Canadians concerned about the rising cost of living, according to recent research form Ipsos, the personalization that comes from data usage provides some relief through relevant offers and sales that save them time and money,” Clodman said.
The CPPA would enable small and medium-sized Canadian businesses to compete in the global marketplace, and it would protect consumers through new consumer rights, greater transparency and accountability requirements for organizations, and the strongest financial penalties in the G7.
In order for the CPPA to meets its objectives, the CMA proposes targeted amendments to ensure:
Recognizing that our current law, PIPEDA, was the international gold standard for the protection of personal information for more than a decade, Clodman noted: “The CPPA builds on a strong legacy that Parliament can be proud of,” Clodman said. “The speedy passage of this law can once again ensure that Canada leads the world in protecting privacy and fostering innovation.”
Other organizations that appeared alongside CMA were the Canadian Bankers Association, the Canadian Labour Congress, the Centre for Digital Rights, the Financial Data and Technology Association of North America, and the Canadian Chamber of Commerce. To watch the hearing or review the transcript, click here.
The bill will undergo further study by the INDU Committee in the coming weeks.
About the Canadian Marketing Association
The CMA is the voice of marketing in Canada and our purpose is to champion marketing’s powerful impact. We are the catalyst to help Canada’s marketers thrive today, while building the marketing mindset and environment of tomorrow.
We provide opportunities for our members from coast to coast to develop professionally, to contribute to marketing thought leadership, to build strong networks, and to strengthen the regulatory climate for business success. Our Chartered Marketer (CM) designation signifies that recipients are highly qualified and up to date with best practices, as reflected in the Canadian Marketing Code of Ethics and Standards. We represent virtually all of Canada's major business sectors, and all marketing disciplines, channels and technologies. Our Consumer Centre helps Canadians better understand their rights and obligations. For more information, visit thecma.ca.
Nathaniel Glassman
Kaiser & Partners
Nathaniel.Glassman@kaiserpartners.com
416.998.2258
CMA urges speedy adoption of privacy law at House of Commons committee meeting in Ottawa
TORONTO--(BUSINESS WIRE)--Postmedia Network Canada Corp. (“Postmedia” or the “Company”) today released financial information for the three months and year ended August 31, 2023 which includes the results of the daily and weekly newspapers, digital properties and parcel delivery business acquired from J. D. Irving, Limited on March 25, 2022 (the “BNI Acquisition”).
“With the vast majority of digital revenue flowing to foreign platforms, Canada’s domestic media sector remains under immense pressure, said Andrew MacLeod, Postmedia President and Chief Executive Officer. “Postmedia continues to focus on our core strategies: building the most efficient cost model, reinventing our digital platforms and delivering the news media journalism to Canadians from coast to coast. Never has the need for trusted journalism been more urgently required and never has our resolve been more committed to delivering it for Canadians.”
Fourth Quarter Operating Results
Revenue for the quarter was $101.3 million as compared to $117.0 million in the same period in the prior year, representing a decrease of $15.8 million (13.5%). The revenue decrease was primarily due to decreases in advertising revenue of $12.5 million (21.1%) and circulation revenue of $7.2 million (17.3%), partially offset by increases in parcel revenue of $3.3 million and other revenue of $0.6 million.
Total operating expenses excluding depreciation, amortization, impairment and restructuring decreased $16.5 million or 14.2% for the quarter ended August 31, 2023, relative to the same period in the prior year. The decrease was experienced across all expense categories.
Operating income before depreciation, amortization, impairment and restructuring in the quarter was $1.9 million, an increase of $0.7 million relative to the same period in the prior year. The increase in operating income before depreciation, amortization, impairment and restructuring is due to the decrease in operating expenses, partially offset by the decrease in total revenue.
Net loss in the quarter ended August 31, 2023 was $11.0 million, as compared to $31.4 million in the same period in the prior year. The decrease in net loss was primarily the result of impairment expense in the three months ended August 31, 2022, a gain on disposal of property and equipment and assets held for sale and foreign exchange gains in the three months ended August 31, 2023 and the increase in operating income before depreciation, amortization, impairment and restructuring, partially offset by increases in restructuring and interest expenses.
Fiscal 2023 Operating Results
Revenue for the year ended August 31, 2023 was $448.5 million as compared to $458.2 million in the prior year, a decrease of $9.7 million or 2.1%. The revenue decrease was primarily due to decreases in advertising revenue of $28.2 million or 11.3% and circulation revenue of $19.0 million or 11.4%, partially offset by increases in parcel services revenue of $27.7 million and other revenue of $9.8 million. Excluding the impact of the BNI Acquisition, revenue for the year ended August 31, 2023 was $385.9 million, a decrease of $46.1 million (10.7%) relative to the prior year. The revenue decline, excluding the impact of the BNI Acquisition, was primarily due to decreases in advertising revenue of $35.1 million (14.6%) and circulation revenue of $22.9 million (14.2%).
Total operating expenses excluding depreciation, amortization, impairment and restructuring decreased $7.4 million or 1.7% for the year ended August 31, 2023, relative to the prior year. Excluding the impact of the BNI Acquisition, total operating expenses excluding depreciation, amortization, impairment and restructuring decreased $44.5 million or 10.7%. The decrease, excluding the BNI Acquisition, relates to decreases in compensation, distribution, production and newsprint expenses.
Operating income before depreciation, amortization, impairment and restructuring of $10.7 million in the year ended August 31, 2023 represents a decrease of $2.3 million relative to the prior year. Excluding the impact of the BNI Acquisition, operating income before depreciation, amortization, impairment and restructuring was $14.0 million, a decrease of $1.6 million relative to the prior year. The decrease, excluding the impact of the BNI Acquisition, is due to the decrease in total revenues, partially offset by the decrease in operating expenses excluding depreciation, amortization, impairment and restructuring.
Net loss in the year ended August 31, 2023 was $72.6 million, as compared to $74.7 million in the prior year. The decrease in net loss was primarily the result of impairment expense in the year ended August 31, 2022, a gain on disposal of property and equipment, assets held-for-sale, right of use assets and other assets, a decrease in loss on derivative financial instruments and financial assets at fair value through profit and loss and a loss on debt refinancing in the year ended August 31, 2022, partially offset by a decrease in operating income before depreciation, amortization, impairment and restructuring and increases in depreciation, amortization, restructuring and interest expenses.
Business Transformation Initiatives
In the quarter, the Company implemented an additional $15 million in annualized cost savings bringing the full year total to $76 million in annualized savings from various cost reduction and transformation initiatives including compensation expense reductions, real estate rationalization, production efficiencies and other programs.
In F24 the Company intends to focus on key growth areas of Digital Advertising, Digital Subscriptions and Parcel Services. Transformation initiatives for the year ahead include a combination of external vendor and expense management, product mix rationalization, outsourcing where possible and real estate divesture.
Debt Repayment and Refinancing
During the year ended August 31, 2023, the Company redeemed $22.6 million of first-lien debt with the proceeds of asset sales. Subsequent to August 31, 2023, the Company redeemed $6.8 million of first-lien debt with the proceeds of asset sales. After this redemption, the Company has $17.7 million of first-lien debt outstanding of the original $225.0 million that was issued in October 2016.
Acquisition of Brunswick News Inc.
On February 17, 2022 the Company entered into a purchase agreement with J. D. Irving, Limited to purchase all of the issued and outstanding shares of Brunswick News Inc. (“BNI”). The acquisition closed on March 25, 2022 and includes BNI’s daily and weekly newspapers, digital properties and parcel delivery business. The purchase price consisted of cash consideration of $7.5 million and share consideration of 4,282,920 Class NC variable voting shares with a fair value of $7.6 million.
Additional Information
Additional information, including financial statements and management’s discussion and analysis can be found on the Company’s website at www.postmedia.com or on SEDAR at www.sedar.com.
Note: All dollar amounts are expressed in Canadian dollars unless otherwise specified.
About Postmedia Network Canada Corp.
Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B) is the holding company that owns Postmedia Network Inc., a Canadian newsmedia company representing more than 130 brands across multiple print, online, and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offers advertisers and marketers compelling solutions to effectively reach target audiences Our expertise in home delivery and expanding distribution network powers Postmedia Parcel Services. For more information, visit www.postmedia.com, www.postmediasolutions.com and postmediaparcelservices.com.
Forward-Looking Information
This news release may include information that is “forward-looking information” under applicable Canadian securities laws. The Company has tried, where possible, to identify such information and statements by using words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “may,” “will,” “could,” “would,” “should” and similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance. Forward-looking statements in this news release include statements with respect the implementation and results of the Company’s transformation initiatives, continued benefits of historical results into future periods, the realization of anticipated cost savings, the identification and undertaking of ongoing cost savings initiatives. By their nature, forward-looking information and statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These risks and uncertainties include, among others: competition from digital and other forms of media; the effect of economic conditions on advertising revenue; the ability of the Company to build out its digital media and online businesses; the failure to maintain current print and online newspaper readership and circulation levels; the realization of anticipated cost savings; possible damage to the reputation of the Company’s brands or trademarks; possible labour disruptions; possible environmental liabilities, litigation and pension plan obligations; fluctuations in foreign exchange rates and the prices of newsprint and other commodities.
For a complete list of our risk factors please refer to the section entitled “Risk Factors” contained in our annual management’s discussion and analysis for the years ended August 31, 2023 and 2022. Although the Company bases such information and statements on assumptions believed to be reasonable when made, they are not guarantees of future performance and actual results of operations, financial condition and liquidity, and developments in the industry in which the Company operates, may differ materially from any such information and statements in this press release. Given these risks and uncertainties, undue reliance should not be placed on any forward-looking information or forward-looking statements, which speak only as of the date of such information or statements. Other than as required by law, the Company does not undertake, and specifically declines, any obligation to update such information or statements or to publicly announce the results of any revisions to any such information or statements.
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Postmedia Network Canada Corp.
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(In thousands of Canadian dollars, except per share amounts) | For the three months ended | For the year ended | ||
 |
August 31,
|
August 31, |
August 31,
|
August 31,
|
 |  |  |  |  |
Revenues | Â | Â | Â | Â |
Advertising | 46,709 | 59,178 | 221,019 | 249,258 |
Circulation | 34,377 | 41,559 | 147,043 | 166,050 |
Parcel Services | 11,553 | 8,214 | 43,257 | 15,508 |
Other | 8,651 | 8,097 | 37,180 | 27,408 |
Total revenues | 101,290 | 117,048 | 448,499 | 458,224 |
Expenses | Â | Â | Â | Â |
Compensation | 32,542 | 41,287 | 155,455 | 169,569 |
Newsprint | 3,716 | 5,069 | 17,636 | 17,935 |
Distribution | 32,222 | 34,566 | 129,999 | 112,107 |
Production | 12,088 | 15,980 | 56,135 | 69,384 |
Other operating | 18,831 | 18,971 | 78,620 | 76,249 |
Operating income before depreciation, amortization, impairment, and restructuring | Â 1,891 | Â 1,175 | Â 10,654 | Â 12,980 |
Depreciation | 3,253 | 2,697 | 12,894 | 10,995 |
Amortization | 2,396 | 2,566 | 9,411 | 9,345 |
Impairment | - | 7,845 | - | 15,745 |
Restructuring | 4,249 | 3,675 | 25,784 | 5,875 |
Operating loss | (8,007) | (15,608) | (37,435) | (28,980) |
Interest expense | 8,486 | 7,696 | 33,988 | 30,998 |
Net financing expense related to employee benefit plans | 350 | 234 | 1,398 | 938 |
(Gain) loss on disposal of property and equipment, assets held-for-sale, right of use assets and other assets | Â (5,065) | Â 37 | Â (8,242) | Â 260 |
Loss on derivative financial instruments and financial assets at fair value through profit and loss | Â 330 | Â 173 | Â 470 | Â 3,873 |
Loss on debt refinancing | - | - | - | 1,477 |
Foreign currency exchange (gains) losses | (1,064) | 7,666 | 7,519 | 8,186 |
Loss before income taxes | (11,044) | (31,414) | (72,568) | (74,712) |
Provision for income taxes | - | - | - | - |
Net loss attributable to equity holders of the Company | (11,044) | (31,414) | (72,568) | (74,712) |
 |  |  |  |  |
 |  |  |  |  |
Loss per share attributable to equity holders of the Company | Â | Â | Â | Â |
Basic | $(0.11) | $(0.32) | $(0.73) | $(0.78) |
Diluted | $(0.11) | $(0.32) | $(0.73) | $(0.78) |
 |
Postmedia Network Canada Corp.
| ||||||
 | ||||||
 | ||||||
(In thousands of Canadian dollars) |
As at
|
As at
| ||||
 |  |  | ||||
Assets | Â | Â | ||||
Current Assets | Â | Â | ||||
Cash | 6,191 | 12,061 | ||||
Restricted cash | 6,968 | 730 | ||||
Trade and other receivables | 46,764 | 49,118 | ||||
Assets held-for-sale | 2,560 | 17,727 | ||||
Inventory | 3,408 | 4,950 | ||||
Prepaid expenses and other assets | 8,837 | 8,275 | ||||
Total current assets | 74,728 | 92,861 | ||||
Non-Current Assets | Â | Â | ||||
Property and equipment | 48,299 | 66,747 | ||||
Right of use assets | 26,780 | 30,095 | ||||
Derivative financial instruments and other assets | 3,335 | 3,742 | ||||
Intangible assets | 16,236 | 17,930 | ||||
Total assets | 169,378 | 211,375 | ||||
 |  |  | ||||
Liabilities and Deficiency | Â | Â | ||||
Current Liabilities | Â | Â | ||||
Accounts payable and accrued liabilities | 35,409 | 39,440 | ||||
Provisions | 10,401 | 3,766 | ||||
Deferred revenue | 17,841 | 21,262 | ||||
Current portion of lease obligations | 8,320 | 8,312 | ||||
Current portion of long-term debt | 17,772 | 13,000 | ||||
Total current liabilities | 89,743 | 85,780 | ||||
Non-Current Liabilities | Â | Â | ||||
Long-term debt | 292,524 | 260,909 | ||||
Employee benefit obligations and other liabilities | 35,131 | 38,169 | ||||
Lease obligations | 24,286 | 27,749 | ||||
Total liabilities | 441,684 | 412,607 | ||||
 |  |  | ||||
Deficiency | Â | Â | ||||
Capital stock | 820,131 | 820,131 | ||||
Contributed surplus | 18,923 | 17,973 | ||||
Deficit | (1,111,360) | (1,039,336) | ||||
Total deficiency | (272,306) | (201,232) | ||||
Total liabilities and deficiency | 169,378 | 211,375 | ||||
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Postmedia Network Canada Corp.
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(In thousands of Canadian dollars) | For the three months ended | For the year ended | ||||||||
 |
August 31,
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August 31,
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August 31,
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August 31,
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 |  |  |  |  | ||||||
Cash Generated (Utilized) by: | Â | Â | Â | Â | ||||||
Operating Activities | Â | Â | Â | Â | ||||||
Net loss attributable to equity holders of the Company | (11,044) | (31,414) | (72,568) | (74,712) | ||||||
Items not affecting cash: | Â | Â | Â | Â | ||||||
Depreciation | 3,253 | 2,697 | 12,894 | 10,995 | ||||||
Amortization | 2,396 | 2,566 | 9,411 | 9,345 | ||||||
Impairment | - | 7,845 | - | 15,745 | ||||||
Loss on debt refinancing | - | - | - | 1,477 | ||||||
Loss on derivative financial instruments and financial assets at fair value through profit and loss | 330 | 173 | 470 | 3,873 | ||||||
Non-cash interest | 7,078 | 6,483 | 26,709 | 22,711 | ||||||
(Gain) loss on disposal of property and equipment, assets held-for-sale, right of use assets and other assets | (5,065) | 37 | (8,242) | 260 | ||||||
Non-cash foreign currency exchange (gains) losses | (1,221) | 7,720 | 7,342 | 8,173 | ||||||
Share-based compensation plans | 164 | 1,353 | 950 | 1,403 | ||||||
Net financing expense relating to employee benefit plans | 350 | 234 | 1,398 | 938 | ||||||
Employee benefit plan funding in excess of compensation expense | (101) | (839) | (2,983) | (4,153) | ||||||
Net change in non-cash operating accounts | (4,345) | (3,182) | 1,210 | (19,901) | ||||||
Cash flows used in operating activities | (8,205) | (6,327) | (23,409) | (23,846) | ||||||
 |  |  |  |  | ||||||
Investing Activities | Â | Â | Â | Â | ||||||
Net proceeds from the sale of property and equipment, assets held-for-sale and other assets | 7,002 | 762 | 29,464 | 2,736 | ||||||
Purchases of property and equipment | (96) | (211) | (502) | (2,005) | ||||||
Purchases of intangible assets | (371) | (132) | (794) | (948) | ||||||
Acquisition, net of cash acquired | - | - | - | (6,636) | ||||||
Cash flows from (used in) investing activities | 6,535 | 419 | 28,168 | (6,853) | ||||||
 |  |  |  |  | ||||||
Financing activities | Â | Â | Â | Â | ||||||
Repayment of long-term debt | (1,569) | (1,368) | (22,629) | (19,754) | ||||||
Restricted cash | (5,379) | 655 | (6,238) | (293) | ||||||
Advances from senior secured asset-based revolving credit facility | 6,800 | 8,000 | 25,300 | 8,000 | ||||||
Repayment of senior secured asset-based revolving credit facility | (27,300) | - | (27,300) | - | ||||||
Proceeds on issuance of unsecured promissory notes | 27,300 | - | 27,300 | - | ||||||
Debt issuance costs | - | - | - | (418) | ||||||
Lease payments | (1,818) | (1,376) | (7,062) | (6,771) | ||||||
Cash flows from (used in) financing activities | (1,966) | 5,911 | (10,629) | (19,236) | ||||||
 |  |  |  |  | ||||||
Net change in cash for the period | (3,636) | 3 | (5,870) | (49,935) | ||||||
Cash at beginning of period | 9,827 | 12,058 | 12,061 | 61,996 | ||||||
Cash at end of period | 6,191 | 12,061 | 6,191 | 12,061 | ||||||
 |  |  |  |  | ||||||
 | ||||||||||
Supplemental disclosure of operating cash flows | Â | Â | Â | Â | ||||||
Interest paid | 1,357 | 763 | 9,860 | 8,757 | ||||||
Income taxes paid | - | - | - | - | ||||||
 |
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Media Contact
Phyllise Gelfand
Vice President, Communications
(647) 273-9287
pgelfand@postmedia.com
Investor Contact
John Bode
Executive Vice President, Chief Financial Officer and Chief Transformation Officer
investors@postmedia.com
Postmedia Reports Fourth Quarter Results
VANCOUVER, British Columbia--(BUSINESS WIRE)--Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible” or the “Company") announces it has issued 250,000 common shares at $0.135 per share (being the closing price of the common shares at the date hereof) regarding the settlement of $33,750 in outstanding indebtedness. All common shares are subject to a 4-month hold period.
About Legible Inc.
Legible is a groundbreaking, mobile-centric global company specializing in eBooks and audiobook entertainment, boasting a market opportunity exceeding billions of dollars. Legible’s extensive partnerships encompass four of the Big 5 Publishers and the world's largest eBook distributor, enabling it to seamlessly deliver over 2 million eBooks and audiobooks, effectively transforming any smart device into a dynamic library and eBookstore.
Please visit Legible.com and discover the place where eBooks come to life.
Cautionary Note Regarding Forward-Looking Information
This Press Release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Legible’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible's control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. As such, readers are cautioned not to place undue reliance on the forward- looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Contact Legible:
Deborah Harford
EVP, Global Strategic Partnerships
1 (672) 514-2665
(CSE: READ) (OTCQB: LEBGF) (FSE: D0T)
Email: invest@legible.com
Website: https://invest.legible.com
Legible Announces Debt Settlement
VANCOUVER, British Columbia--(BUSINESS WIRE)--$LEBGF--Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible” / “Company”) announces that, further to its October 6, 2023 News Release, the Company has closed its non-brokered private placement of units (“Units”).
The Company issued 6,180,041 Units at $0.12 per Unit for gross proceeds of $741,605 which included $128,650 in settlement of outstanding indebtedness. Each Unit consists of one common share (“Common Share”) and one whole Common Share purchase warrant (“Warrant”) with each Warrant entitling the holder to acquire 1 Common Share at a price of $0.15, at any time prior to 5:00 pm (Vancouver time) on the date that is one year from the closing date, provided that if the volume weighted average trading price of the Common shares is at least $0.30 per Common Share for a period of 5 consecutive trading days, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 21 days after the date that notice of such acceleration is provided to the Warrant holders by way of a press release.
David Van Seters and Shannon Kaustinen, directors of Legible, each subscribed for 125,000 Units under the Private Placement. Legible has determined that exemptions from the various requirements of Multilateral Instrument 61-101 are available for the issuance of the Units (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than $2,500,000).
Legible will use the proceeds for general working capital purposes, including technology development, product and feature releases, marketing, and conversion campaigns. All securities issued in connection with the Private Placement are subject to a hold period that expires on February 21, 2024. There were finders’ fees paid to qualified individuals in the amount of $29,397 in cash and 286,640 in warrants with respect to the closing of the Private Placement.
Kaleeg Hainsworth, Legible CEO and Co-Founder, stated, “We were pleased to secure the solid response and participation in our Offering during these turbulent times. Angela Doll, our Chief Publishing Officer, and l are energized after spending this week at the Frankfurt Book Fair meeting with like-minded publishers, authors, distributors and B2B partners, who share our vision of expanding Legible's global audience." Hainsworth further commented, "Our app, available in the App Store and the Android Store, is currently onboarding around the clock our ever-expanding catalog of over 2 million eBooks and audiobooks with Legible’s Unbound Membership program now offering unlimited reading and listening from an extensive curated selection."
About Legible Inc.
Legible is a groundbreaking, mobile-centric global company specializing in eBooks and audiobook entertainment, boasting a market opportunity exceeding billions of dollars. Legible’s extensive partnerships encompass four of the Big 5 Publishers and the world's largest eBook distributor, enabling it to seamlessly deliver over 2 million eBooks and audiobooks, effectively transforming any smart device into a dynamic library and eBookstore.
At the heart of Legible’s innovation lies its LibrarianAI, the world's pioneering AI-powered assistant, enhancing the reading experience. Legible’s publishing division is revolutionizing the industry by crafting proprietary AI-enriched multimedia books, setting new standards in literary engagement.
Legible is at the forefront of reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st-century publishing solutions and enriching global reading experiences.
Please visit Legible.com and discover the place where eBooks come to life.
Cautionary Note Regarding Forward Looking Information
This Press Release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Legible’s business and the Private Placement. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible's control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. As such, readers are cautioned not to place undue reliance on the forward- looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN UNITED STATES
Contact Legible Inc.
Deborah Harford
EVP, Global Strategic Partnerships
1 (672) 514-2665
(CSE: READ) (OTCQB: LEBGF) (FSE: D0T)
invest@legible.com
Website: https://invest.legible.com
Legible Closes $741,605 Private Placement Offering
VANCOUVER, British Columbia--(BUSINESS WIRE)--#AI--Lucidea, leader in innovative collections management software solutions for archives and provider of ArchivEra, will attend the Mid-Atlantic Regional Archives Conference on October 19-21.
Lucidea is a trusted technology partner in the archives community. Their flagship archival CMS, ArchivEra, offers capabilities that support visitor engagement and expanded curation to better educate your audience—as well as innovative options that enable researchers and others to discover and search your precious collections online.
ArchivEra’s purpose-built modules and effective workflows help you process collections seamlessly and open your archives to everyone—creating a community that makes memories together, now and into the future. What you can do with this market-leading archival CMS is limited only by your imagination.
For further information about Lucidea’s archival collections management solutions, visit https://lucidea.com/archivera or phone 604 278 6717, or email sales@lucidea.com.
Brad Luedke
Marketing Operations Manager
604-278-6717
marketing@lucidea.com
Lucidea, Developer of ArchivEra CMS, to Sponsor MARAC Fall 2023 Conference
The win marks back-to-back awards sweeps for Smythe and Lore Olympus across the Harvey Awards, Eisner Awards, and Ringo Awards in 2022 and 2023
Lore Olympus has seen massive success across multiple formats, with over 1.5 billion views and 6.4 million subscribers on WEBTOON, multiple No. 1 New York Times bestselling graphic novel volumes, and an animated series in development
NEW YORK--(BUSINESS WIRE)--WEBTOON, the world’s largest digital comics platform, is celebrating Rachel Smythe’s third consecutive Harvey Award win for her global hit webcomic Lore Olympus. The series was honored with the award for Digital Book of the Year during the 2023 Harvey Awards ceremony at New York Comic Con on Friday night.
Lore Olympus is a modern retelling of Persephone and Hades’ mythological love story, which has accumulated more than 1.5 billion views on WEBTOON. Since its launch on the platform in 2018, the webcomic has become one of the world’s most esteemed digital comics and has been adapted across several formats. Lore Olympus has been published in print by Penguin Random House (Inklore), reaching #1 on the New York Times bestseller list multiple times. The hit webcomic series also has a merchandise deal and an animated series in development from Wattpad WEBTOON Studios and The Jim Henson Company.
This is the third consecutive Harvey Award win for Smythe and WEBTOON, continuing the series’ 2023 sweep across some of the most prestigious awards in comics. Lore Olympus is the first series to win three consecutive Harvey Awards for Digital Book of the Year, along with back-to-back Eisner and Ringo Awards for Best Webcomic in 2023.
“It has been such a joy to see the world of Lore Olympus resonate with readers worldwide, and I’m so grateful to the fans for their continued support of this series year after year,” said Rachel Smythe. “It has been an incredible journey building this story on WEBTOON, and to have my work recognized by my esteemed industry peers during New York Comic Con is an absolute honor.”
“It is a privilege to help share Rachel Smythe’s unmatched creative talents with millions of readers around the world on WEBTOON,” added Junkoo Kim, CEO and Founder of WEBTOON Entertainment. “Lore Olympus has become a timeless story that pushes the boundaries of the webcomic format, with art and a narrative that will inspire people for generations. On behalf of everyone at WEBTOON and the wider WEBTOON community, I’m thrilled to congratulate Rachel on this incredible achievement.”
Lore Olympus’ latest win marks a year of growing recognition for WEBTOON creators across the industry’s biggest awards. Mike Birchall’s hit horror series Everything is Fine, was also nominated for a 2023 Harvey Award for Digital Book of the Year. Earlier this year, WEBTOON creators and projects were nominated across the Eisner and Ringo Awards. Eisner-nominated projects and creators include WEBTOON’s breakout collaboration with DC, Batman: Wayne Family Adventures, Sarah Anderson’s Cryptid Club, Alice Oseman’s Heartstopper Volume 4, Joshua Barkman’s Spores, Michael Adam Lengyel’s The Mannamong, and Dark Horse’s print edition and translation of WEBTOON sensation Hellbound, by Yeon Sang-ho and Choi Gyu-seok, translated by Danny Lim.
At the 2023 Ringo Awards, Hanza Art’s The Guy Upstairs and Nevermore from Kate Flynn and Kit Trace both won Fan Favorite awards, along with nominations for Quimchee’s I Love Yoo, LizardxLizard’s Finding Fiends, Scragony’s Vampire Husband, and Live with Yourself! by Shen and David J Catman.
ABOUT WEBTOON
WEBTOON is the world’s largest digital comics platform, home to some of the biggest artists, IP, and fandoms in comics. As the global leader and pioneer of the mobile webcomic format, WEBTOON has revolutionized the comics industry for comic fans and creators. Today, a diverse new generation of international comic artists have found a home on WEBTOON, where the company’s storytelling technology allows anyone to become a creator and build a global audience for their stories.
With a massive catalog of incredible digital comics from rising stars on WEBTOON CANVAS platform, and a growing roster of superstar WEBTOON Originals creators, there’s something for every type of comic fan on WEBTOON. WEBTOON’s passionate fandoms are the new face of pop culture, and adaptations can be found on Netflix, Crunchyroll, and other screens around the world. The company has worked with DC Comics, Marvel Entertainment, HYBE, and many more of the world’s biggest entertainment brands.
With 170 million monthly active users, WEBTOON Entertainment’s family of aligned IP and platform brands include WEBTOON, Wattpad--the world’s leading webnovel platform--Wattpad WEBTOON Studios, StudioN, Studio Lico, WEBTOON Unscrolled, LINE Manga, eBook Initiative Japan, and Yonder, among others.
The WEBTOON app is free to download on Android and iOS devices.
Press:
BECK Media for WEBTOON Entertainment
webtoon@beckmedia.com
TORONTO--(BUSINESS WIRE)--University of Toronto Press (UTP), Canada’s largest university press and leading academic publisher, has acquired four journals from Dougmar Publishing Group: the Journal of Fetal Alcohol Spectrum Disorder, the Journal of Mental Health and Addiction Nursing, the Journal of Endoluminal Endourology, and the International Journal of Men’s Social and Community Health.
As one of the few university presses publishing medical journals, this acquisition signals UTP’s continued commitment to expanding its health and science lists which currently include esteemed publications such as the Journal of the Association of Medical Microbiology and Infectious Disease Canada and the Canadian Liver Journal.
“Medical journals play a critical role in informing the health community and general public on scientific progress,” says Jessica Mosher, President, Publisher, and Chief Executive Officer of UTP. “With the expert guidance of the Dougmar Publishing Group, these four journals were developed to support the scientific communities they serve as platforms for high-quality, original clinical research. UTP is committed to building on these standards as we look to expand our reach and create meaningful impact in medical publishing. We welcome the addition to our roster and look forward to increasing access to more exceptional research and contributions in the medical and health sciences.”
“Ensuring the longevity of these journals is a top priority and so it was a natural fit to have UTP support the next phase of development,” says John Birkby, President and Publisher of Dougmar Publishing Group. “With UTP’s extensive experience in scholarly publishing and dedication to innovation, we are excited to see these journals grow and reach wider audiences.”
These four titles add to the growing list of over 50 distinguished journals published by UTP. To browse the full catalogue, visit https://utpjournals.press/.
About the Dougmar Publishing Group
Based on more than 10 years of experience, the Dougmar Publishing Group is dedicated to publishing a high standard of scientific, clinical, and original research. Their Editors, Editorial Boards, and Managing Editors lend their experience and knowledge to help ensure articles are timely and provide value to the readers, researchers, academics, students, and anyone interested in the topics covered by their journals and books.
About the University of Toronto Press
The University of Toronto Press (UTP) is one of the largest university presses in North America, publishing landmark scholarship since 1901. Each year UTP releases over 200 new scholarly, course, and general interest books in print, audio, and ebook formats and over 50 journals. In addition, UTP manages the distribution for over 200 publishers and imprints in Canada, the US, and around the world, with warehouses in Toronto, Ontario and Buffalo, New York. UTP also runs the University of Toronto Bookstores across the three main campuses, serving over 95,000 students and 15,000 faculty. For more information, please visit utorontopress.com.
Anne-Marie Tremble
Senior Account Associate, Talk Shop Media
annemarie@talkshopmedia.com
613-914-3551
VANCOUVER, British Columbia--(BUSINESS WIRE)--#books--Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible” or the “Company"), is pleased to announce an offering of Units of the Company at $0.12 per Unit for gross proceeds of up to $1,000,000 (the “Offering”) to be issued by way of a non-brokered private placement pursuant to exemptions from applicable Canadian securities laws. The size of the offering may be increased subject to Board of Directors and regulatory approval.
Each Unit will consist of one Common Share of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”), with each Warrant entitling the holder to purchase one additional Common Share at a price of $0.15, at any time prior to 5:00 p.m. (Vancouver time) on the date that is one (1) year from the Closing Date; provided that if, at any time, after the Closing Date, the volume weighted average trading price of the Common Shares on the CSE is at least $0.30 per share for a period of 5 consecutive trading days, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 21 days after the date that notice of such acceleration by way of a press release is provided to the Warrant holders.
The first closing under the Offering is scheduled to be on or about October 16, 2023, subject to customary closing conditions and may be closed in tranches. A finder’s fee of up to 8% of the gross proceeds of the Offering may be paid in cash on all or any portion of the Offering. Additionally, finder’s warrants may be issued in an amount up to 8% of the number of Common Shares sold under the Offering. Each Finder’s Warrant may be exercised to acquire one Common Share at a price of $0.12 per share for a period of one (1) year from the closing; provided that if, at any time, the volume weighted average trading price of the common shares on the CSE is at least $0.30 per share, for a period of 5 consecutive trading days, the expiry date of the Finder’s Warrants may be accelerated by the Company to a date that is not less than 21 days after the date that notice of such acceleration is provided to the Finder’s Warrant holders, which notice will be by way of a press release.
The Company intends to use the proceeds of the Offering for general working capital purposes including technology development, product and feature releases, marketing awareness and conversion campaigns.
About Legible Inc.
Legible is a groundbreaking, mobile-centric global company specializing in eBooks and audiobook entertainment, boasting a market opportunity exceeding billions of dollars. Legible’s extensive partnerships encompass four of the Big 5 Publishers and the world's largest eBook distributor, enabling it to seamlessly deliver over 2 million eBooks and audiobooks, effectively transforming any smart device into a dynamic library and eBookstore.
At the heart of Legible’s innovation lies its LibrarianAI, the world's pioneering AI-powered assistant, enhancing the reading experience. Legible’s publishing division is revolutionizing the industry by crafting proprietary AI-enriched multimedia books, setting new standards in literary engagement.
Legible is at the forefront of reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st-century publishing solutions and enriching global reading experiences.
Please visit Legible.com and discover the place where eBooks come to life.
Cautionary Note Regarding Forward Looking Information
This Press Release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Legible’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible's control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. As such, readers are cautioned not to place undue reliance on the forward- looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN UNITED STATES
Contact Legible:
Deborah Harford
EVP, Global Strategic Partnerships
1 (672) 514-2665
(CSE: READ) (OTCQB: LEBGF) (FSE: D0T)
Email: invest@legible.com
Website: https://invest.legible.com
Legible Announces $1 Million Unit Offering Private Placement