Postmedia posts 6-month profit gain

Source: financialpost.com

TORONTO – Postmedia Network Canada Corp. said Thursday net earnings increased to $17.3-million for the first six months of the year, compared with a loss of $6.5-million through the first two quarters of 2011. The gain was mostly attributable to the sale of community newspaper assets in British Columbia, including the Victoria Times-Colonist, the company said.
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Postmedia offering buyouts at two B.C. papers

Source: ctv.ca

Following a dip in advertising sales this fall that has affected companies across the media industry, Postmedia Network Canada Corp. is offering another round of buyouts to employees at its two daily papers in Vancouver.

Staff at the Granville Square building that houses The Vancouver Sun and The Province received letters from the company last Friday, Dec. 9, explaining that it would once again put forward a “voluntary staff reduction plan” to cut costs at the papers.

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Godfrey on Postmedia’s executive shakeup

Source: marketingmag.ca Will ‘digital first’ lead to a digital burst? The following appears in the Dec. 12 issue of Marketing In his bio on the Postmedia Network website, one of the responsibilities for executive vice-president of digital media Malcolm Kirk included chairing a special committee undertaking Postmedia Network’s “transformation plan.” Kirk and two fellow Postmedia executives, chief information officer Ed Brouwer and senior vice-president, digital content strategy and managing director of Canada.com Scott Anderson, themselves became part of that transformation last month, dismissed in a management shakeup that came with the standard descriptor in such matters: “organizational changes.” Read entire story here