Canadian Publishing Industry News
1 May 2024,     TORONTO ,

Royal Memoir Top-seller Book in Canada in 2023

is a non-profit organization that develops technology, standards, and education to serve the Canadian book industry.
is a non-profit organization that develops technology, standards, and education to serve the Canadian book industry.
 New insights into the Canadian print book market released by BookNet Canada. The top-selling English language print book in Canada last year was Spare by Prince Harry, The Duke of Sussex, according to new research released by BookNet Canada. Sales of this title drove a 16% increase in the Biography & Autobiography category when compared with 2022. For the first time this year, data on the circulation of library books in Canada was included in The Canadian Book Market 2023. Spare by Prince Harry, The Duke of Sussex was also the top loaned book in Canada in 2023. Books by Canadians made up 12% of print book sales in Canada in 2023,

1 May 2024,     TORONTO

Another Missed Opportunity for Copyright Reform

 

Coalition of associations are calling on the federal government to restore fair compensation to creators and publishers for the use of their works by the education sector.
Coalition of associations are calling on the federal government to restore fair compensation to creators and publishers for the use of their works by the education sector.
Access Copyright and Copibec, copyright collectives serving over 40,000 writers, visual artists, and publishers across Canada, are alarmed by the Government of Canada's Budget 2024, which neglects to include long-needed action regarding Canada’s fair dealing regime.Despite sustained and concerted advocacy from the entire creative and book-publishing industry in Canada regarding copyright reform, the government has once again chosen to delay the adoption of measures that are necessary to ensure that rightsholders are properly compensated when their works are used in Canada.
 

22 April 2024,     TORONTO

News Media Canada Welcomes Federal Government " Local Journalism Initiative"

The voice of the print and digital news media industry in Canada
The voice of the print and digital news media industry in Canada and represents hundreds of titles.
Canada’s news publishers welcomed Budget 2024’s support for the Local Journalism Initiative (LJI).The programme places more than 400 reporters at nearly 300 media outlets in 1400 communities across Canada.“The Local Journalism Initiative is a world-leading programme that is vital in funding original local civic journalism in underserved communities across Canada, and we commend Pascale St-Onge, Minister of Canadian Heritage, for ensuring it continues,

16 April 2024,     TORONTO

Postmedia Second Quarter 13% Drop in Sales

 

Canada's largest newspaper chain
Canada's largest newspaper chain
Revenue for the quarter was $97.3 million as compared to $111.8 million in the same period in the prior year, representing a decrease of $14.5 million (13.0%). The revenue decrease was primarily due to decreases in advertising revenue of $11.3 million (20.8%) and circulation revenue of $4.1 million (11.1%), partially offset by increases in parcel revenue of $2.4 million (20.5%).

27 March 2024,     MONTREAL

Farewells to Reader’s Digest Canada

 

Cover of last issue of Reader's Digest Canada
Cover of last issue of Reader's Digest Canada
Letter from Reader's Digest Canada :The April 2024 print edition of Reader’s Digest Canada was its last. Founded in 1947, 25 years after the original U.S. publication, Reader’s Digest Canada brought a focus to Canadian stories and became a national treasure for more than 70 years. Its readers were incredibly loyal. So while the website will no longer be updated and newsletters no longer sent, we will leave you with some words from readers themselves that we ran in the final print edition.

23 March 2024,     OTTAWA ,

Canadian Geographic Claims #1 Paid Magazine

Canadian Geographic magazine of Royal Canadian Geographical Society
Canadian Geographic magazine of Royal Canadian Geographical Society
 Canadian Geographic claims Canada's number one paid magazine, with a monthly readership of 4.3M people online and in print according to Vividata, a not for profit organization that provides marketing research on print and online readership in Canada. Now ranking #1 in the 18-35 age category, Canadian Geographic is drawing younger Canadians and newcomers to the country in unprecedented numbers.

23 March 2024,     VANCOUVER

Glacier Media Moving Out of Print

 

Print publication sales and profits have been declining
Print publication sales and profits have been declining
Glacier Media revenue for the year ended December 31, 2023, was $154.9 million, down $21.1 million or 12.0% from the prior year. The company's loss for the year was $4.2 million, down $7.3 million from positive $3.1 million in the prior year. The Company completed the sale of its printing assets into two new joint venture operations. Certain print community media operations were treated as joint ventures from January 1, 2023.

9 March 2024,     SIMCOE, ONTARIO

Annex Becomes an Employee-Management Partnership

 

now 50% employee owned
now 50% employee owned
Annex Business Media took a major step in its evolution to an employee-driven business. As Phase 1 in the transition to a unique Employee-Management Partnership (EMP), 50% of Annex Business Media shares are now owned by a broad management team. Phase 2 will see the remaining Annex employees more closely integrated with the financial success of the company through an Enhanced Employee Incentive Program (EEIP).Annex has been working with consultants Ernst & Young (EY) for the last 10 months to secure financing and find an option to dedicate up to 50% of after-tax profits to power this significant employee benefit,

7 March 2024,     OTTAWA

Ottawa Extends Local Journalism Program Grants

 

Helps administer $58.8 million for Local Journalism.
Helps administer $58.8 million for Local Journalism.
The Federal Government is extending a program that funds 400 local reporting jobs across Canada. Heritage Minister Pascale St-Onge says the Federal Government  will spend $58.8 million to continue the Local Journalism Initiative program up till 2027. Started in 2019 the program, which provides funding for news media organizations for hiring local reporters.

7 March 2024,     TORONTO

Chris Chambers Leaves Magazines Canada

 

newsstand sales average is between 25 to 30%
newsstand sales average is between 25 to 30%
Chris Chambers is no longer with Magazines Canada. Chris was with Magazines Canada for over 23 years and in that time he cultivated long lasting relationships with our dealers and membership. James Ross will take over the distribution department . James continues to work with Pelcro to design their new SaaS distribution software that will be integrated into the new website and CRM.

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