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. …

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.

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 …

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 …

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

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 …

Source:theglobeandmail.com When Postmedia Network Canada Corp. sealed its $316-million purchase of the bulk of the Sun newspaper chain in April, its chief executive officer cast the deal as a necessary step to scale up and compete in the ever-more-crowded market for digital news. Analysts too hailed the acquisition as a smart move that bought Postmedia breathing room as it tries …