Category : Post Media

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 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, 01, 2016 by in | Leave a comment

MAR 29, 2016 The Canadian Taxpayers Federation and Postmedia Network Canada Corp. enjoy a cozy symbiotic relationship nowadays. The CTF supplies Postmedia’s newspapers and their online editions, including Alberta’s four-headed Frankendaily, with reams of free editorial copy produced by the secretive organization, most of it in this province attacking the Liberal government in Ottawa and the NDP government in Edmonton. …

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Written on Feb, 05, 2016 by in | Leave a comment

Source:bloomberg.com Follow this link to read the entire story Majority ownership of Canada’s largest newspaper chain could fall into the hands of a little-known Canadian investment firm from those of a U.S. hedge fund as concern mounts that Postmedia Network Canada Corp. may default on more than half a billion dollars in debt.

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Written on Feb, 05, 2016 by in , | Leave a comment

Source: thewalrus.ca Read to the entire story click here MY POSTMEDIA CAREER began September 2013 with a tour of the Edmonton Journal’s downtown office. Stephanie Coombs, the managing editor of the historic city newspaper, led me through the empty first floor; where the once-mighty department for the classifieds once resided, now occupied by two clerks at a front counter. We wandered through …

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Written on Jan, 31, 2016 by in | Leave a comment

Source: thestar.com/business There is a cancer on Canadian journalism. The malignancy is Postmedia Network Canada Corp., a foreign-controlled, debt-burdened contrivance flirting with insolvency that nonetheless is relied upon by about 21 million Canadian readers. Postmedia’s 200-plus media outlets, mostly newspapers, including some of the biggest dailies in the country, represent a far greater concentration of news media ownership than exists …

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Written on Jan, 26, 2016 by in | Leave a comment

Source: nowtoronto.com BY ROSS HOWARD JANUARY 23, 2016 Most of the money drained by Postmedia from its newspapers went to its offshore debt-holders. Time to declare the news media a national strategic industry with tighter controls imposed against monopoly ownership. Torontonians probably don’t feel it the way those of us in affected cities do – Postmedia’s latest job-killing, democracy-sapping manoeuvre was all too …

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Written on Dec, 09, 2015 by in | Leave a comment

Source:theglobeandmail.com   Standard & Poor’s has downgraded Postmedia Network Inc.’s credit rating to the same grade assigned to ailing Greece, warning that the newspaper company could struggle to refinance its high-interest debt and calling its capital structure “unsustainable.” Read entire post here

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Written on Nov, 24, 2015 by in | Leave a comment

Source: nationalobserver.com “I’m not going to lose my job over a fart joke,” Dan Murphy recalls Wayne Moriarty, editor-in-chief of The Province newspaper, saying. It was the morning of Friday, June 22, 2012. Murphy, The Province’s long-time staff cartoonist, was meeting with Moriarty in the editor’s office on the fifth floor of the paper’s headquarters on Granville Street in downtown Vancouver. The discussion between …

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