Postmedia to lay off 11% of editors, sources say – CBC.caSources say newspaper publisher Postmedia Network Corp. “There is no property in our network that will not be impacted by a restructuring, reorganization or layoff,” he said. The sources asked not to be identified because they were not authorized to speak publicly about the matter or share recordings of the meeting. A man walks past newspaper boxes featuring the Vancouver Sun and the Province in downtown Vancouver in 2016. Newspaper conglomerates, including Postmedia, have been grappling for some time with declining print media subscriber numbers, the rise of large tech companies that have eaten up media profits, and more ads disappearing from print media online.

Source: CBC News January 26, 2023 09:02 UTC