Category : Post Media

Written on Oct, 25, 2018 by in , | Leave a comment

Source: nationalobserver.com So how long can Postmedia, Canada’s largest newspaper chain, stay afloat? A sign of the company’s fiscal crisis came in September when unionized journalists and sales staff at the Ottawa Citizen and Ottawa Sun voted 32 to 24 to accept a Postmedia contract that reduces sick pay, dental and other health benefits. The company had threatened to lock …

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Written on Aug, 01, 2018 by in , | Leave a comment

Source: cwacanada.ca OTTAWA – CWA Canada, the country’s only all-media union, is calling on the federal government to take action to block the latest destructive cuts at Postmedia. The company announced today that it is closing six newspapers in Ontario and Alberta, killing the print editions of three more, and cutting yet more staff to reduce its salary costs by 10 …

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Source:globalnews.ca Editorial staff at the National Post, the flagship publication of Canada’s largest newspaper company, announced Wednesday that they are beginning a union drive with CWA Canada. The paper’s beleaguered parent company Postmedia, which has suffered steep revenue declines affecting the entire print media industry, offered buyouts last week, just months after completing a company-wide salary cost reduction of twenty …

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Written on Aug, 09, 2017 by in , | Leave a comment

Source: cwacanada.ca Leaders of CWA Canada and Unifor Locals at five newspapers that are bargaining new contracts with Postmedia have vowed to stand united against the company’s concession proposals. Postmedia wants unionized employees to accept draconian measures it imposed earlier this year on non-union staff. The company wants to freeze the Postmedia defined-benefit pension plan, slash its pension contribution to 3.0 …

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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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