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Workers at Sears, Postmedia, Loblaw and Northstar are all causalities of a system that not only allows corporate greed to thrive, but encourages it.
Postmedia is aiming to reduce costs by $80 million by the middle of next year.
At a time when our consumption of the news is at an all-time high, the very institutions at the heart of our news media are in crisis -- and demanding the attention of our political leaders. Postmedia combined newsrooms in Ottawa, Edmonton, Calgary and Vancouver in a move that not only saw many talented and dedicated journalists pushed out the door, but also saw distinctive voices quieted.
"Postmedia's results following its April 2015 acquisition of the Sun Media assets have been worse than we expected."
"Newspapers aren't the cash cow they used to be and they're never going to be that again."
Ninety journalists at daily newspapers across the country are expected to lose their jobs.
TORONTO - Postmedia Network Canada Corp. (TSX:PNC.B) plans to outsource its classified advertising call centre in Calgary, laying off most of the 48 employees, the company said Monday.The owner of the...
Postmedia Network, the owner of the National Post and numerous broadsheet dailies across the country, has recorded a $28.4-million loss for the fourth quarter, news reports suggest. The company's earn...
TORONTO -- Postmedia is giving some of its staff the option to relocate to a new Hamilton editorial hub as part of the expense cuts announced last week. A spokeswoman confirmed that the publisher met...
Citing declining print advertising revenue, two of Canada’s major newspaper publishers in recent weeks announced significant editorial belt-tightening despite relatively strong readership. That didn’...
Postmedia Network, the owner of Canada's largest newspaper chain, has announced drastic cutbacks that will see three major city dailies lose their Sunday editions amid an expected wave of layoffs. The...