Postmedia posts bigger Q2 loss as revenue from print operations continues fall - News Summed Up

Postmedia posts bigger Q2 loss as revenue from print operations continues fall


A security guard stands by the front reception desk at Postmedia's Toronto headquarters on Monday, March 12, 2018. ( Chris Young / THE CANADIAN PRESS )A year earlier, Postmedia’s total revenue amounted to $157.6 million, including $26.4 million from its digital businesses and $123.7 million from print advertising and circulation. Postmedia chief executive Andrew MacLeod said the company has made progress in slowing the decline in traditional revenue and reducing its long-term debt while growing its digital business. Overall digital revenue was up $1.8 million from last year, mostly due to a 10.2 per cent increase in digital advertising. He announced Thursday that Mary Anne Lavallee has been appointed Postmedia’s chief operating officer, with a primary focus on digital growth.


Source: thestar April 11, 2019 17:15 UTC



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