Postmedia posts 6-month profit gain


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.
Read full story here