Source: theglobeandmail.com Amid another year of dramatic restructuring at Postmedia Network Canada Corp., the company’s five most senior executives were awarded nearly $2.3-million in retention bonuses. The payouts, which are outlined in company disclosures filed on Wednesday, are tied to a recent debt restructuring that wiped out more than $268-million (U.S.) in debt, thereby reducing the company’s interest payments by about …

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Written on Oct, 25, 2016 by in , | Leave a comment

Source: theglobeandmail.com   In the past year, Postmedia Network Canada Corp. has shed the equivalent of 800 full-time jobs. On Thursday, the company said the job losses will deepen, announcing a target of a further 20-per-cent saving on salary costs. The latest round of planned staff reductions – through voluntary buyouts, followed by involuntary layoffs if necessary – comes amid a worsening slump. …

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Written on Oct, 19, 2016 by in , | Leave a comment

Source: politico.com Read more: politico.com What if almost the entire newspaper industry got it wrong?  What if, in the mad dash two decades ago to repurpose and extend editorial content onto the Web, editors and publishers made a colossal business blunder that wasted hundreds of millions of dollars? What if the industry should have stuck with its strengths—the print editions where …

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Source: thestar.com Click here to read the entire story Canadian media are facing a “crisis” as market forces shrink newsrooms, leaving fewer journalists to report the news vital to a vibrant democracy, Torstar chair tells MPs. OTTAWA—Canadian media are facing a “crisis” as market forces shrink newsrooms, leaving fewer journalists to report the news vital to a vibrant democracy, the chair …

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Written on Sep, 18, 2016 by in , | Leave a comment

Source:independent.ie/business This week saw people celebrating the 25th anniversary of Tim Berners-Lee making the world wide web available for worldwide use. Ever since it was invited to the party, the world hasn’t looked back. Actually that’s not universally true. Some industries might look over their shoulders at a pre-internet era with considerable yearning. And one of them is the newspaper …

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Written on Jul, 23, 2016 by in | Leave a comment

Latest debt-shedding move gives citizens the chance to press for a different future for Canada’s papers. By Paul Willcocks 8 Jul 2016 | TheTyee.ca Paul Willcocks is a journalist and former publisher of newspapers, and now an editor with The Tyee. Postmedia’s escape from bankruptcy this week offers at least a tiny opportunity for critics who want the giant corporation’s grip on Canadian newspapers …

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Written on Jul, 08, 2016 by in , | Leave a comment

Two CWA Canada Locals have ratified new contracts that contain salary increases for workers at news operations in Ottawa and Medicine Hat, Alta. CTV Ottawa unit members of the Ottawa Newspaper Guild (Local 30205) voted this week to accept a five-year deal that gives them a retroactive lump sum payment for 2014 equal to 1.5 per cent of salary and …

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Written on Jun, 07, 2016 by in , | Leave a comment

After months of meetings, discussions, card signings and an official vote conducted by the federal labour board, it was confirmed this week that two thirds of VICE Canada workers chose to join the Canadian Media Guild (CMG). “We are thrilled to welcome employees at VICE Canada” into the Guild, said President Carmel Smyth. “We look forward to working with them …

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Written on Jun, 07, 2016 by in | Leave a comment

Google partners with Postmedia/major publishers source: business.financialpost.com JUN 2, 2016 Postmedia Network Inc. and Google Inc. are teaming up to make reading the news on a Canadian smartphone up to 60 per cent faster, while using 10 times less data. Accelerated mobile pages (AMP) is Google’s open-source project, already used by publishers around the world, that aims to bring mobile web page load times closer …

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Written on Apr, 30, 2016 by in , | Leave a comment

Source: prnewswire.com WASHINGTON, April 21, 2016 /PRNewswire/ – Nearly 1,000 news workers at Digital First Media have launched a nationwide revolt against job cuts and profiteering they say are threatening local journalism at the nation’s second-largest newspaper company, The NewsGuild, TNG-CWA, announced today. Alden Global Capital, the New York-based hedge fund that owns Digital First Media, employs a business strategy based on buying up …

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