Canadian Publishing Industry News
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.
Canada's major farm publisher
Canada's major farm publisher
The Company has taken action to reduce print operations where print products are no longer economically feasible. This transition has already been completed in a number of markets resulting in the closure of the related print publications. The targeted closure of print operations will continue to occur into 2024 and allow the Company to focus on the transformation to digital products.
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