Canadian Publishing Industry News
13 January 2025,     TORONTO
Postmedia Revenue Up and Losses Up
 
with more than 130 brands across multiple print, online, and mobile platforms.
with more than 130 brands across multiple print, online, and mobile platforms.
Revenue for the quarter was $110.3 million as compared to $104.6 million in the same period in the prior year, representing an increase of $5.7 million (5.4%). The revenue increase was primarily due to increases in advertising revenue of $5.6 million (11.1%), circulation revenue of $3.3 million (10.3%) and parcel revenue of $0.4 million (2.8%), partially offset by decreases in other revenue of $3.6 million (43.8%). Excluding the impact of the Saltwire asset acquisition, advertising revenue for the quarter increased by 1.4%. As such, excluding the impact of any acquisition related activity, advertising revenue has increased in comparison to the same quarter in the prior year for the first time since the third quarter in 2022.
owned 23 newspapers in Atlantic Canada and was bought by Postmedia in 2024
owned 23 newspapers in Atlantic Canada and was bought by Postmedia in 2024
Net loss in the quarter ended November 30, 2024 was $24.5 million, as compared to a net loss of $10.6 million in the same period in the prior year. The increase in net loss was primarily the result of an increase in restructuring expenses, interest expense, loss on disposal of right-of-use assets, foreign currency exchange losses and a decrease in operating income before depreciation, amortization and restructuring, partially offset by a decrease depreciation, amortization, and net financing expense.
 
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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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Full of terrific information, Thanks!...
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