Canadian Publishing Industry News
19 July 2023,     TORONTO
Losses continue at Postmedia
 
 
Postmedia reported a $36.7 million loss for the six-month period ending February 28, 2023, compared to a loss of $26.5 million a year earlier. Revenue for the period totaled $236.0 million compared to $222.1 million in 2022.

            Parcel services accounted for the revenue increase while advertising revenue dropped by $5.9 million or 47%, and circulation revenue declined by $5.1 million or 6.3%.

            Earlier this year it was announced that Postmedia was in merger talks with Toronto Star owner NordStar, but the talks were terminated before any deal was signed.

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Jaded says:
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another....
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Lorene Shyba says:
Full of terrific information, Thanks!...
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