Canadian Publishing Industry News
2 February 2023,     TORONTO
Layoffs and other cuts at Postmedia
Postmedia will let go 11% of its 650 editorial staff to deal with increasing costs and dwindling revenue. Sales, editorial, production, and distribution staff will all be affected.

More cost cutting was announced. Several Alberta community newspapers will move to a digital-only format; all employees in Saskatchewan will begin working remotely permanently as the company is selling real estate in the province. Its Calgary Herald building in Alberta also has been sold.

Since 2015, the number of employees has fallen by more than half to 2,098, as of August 2022, according to company filings.

In its most recent filings, Postmedia said its advertising revenue declined by $4.1 million for the third quarter ended November 30, and circulation revenue was down by $2.3 million. Company wide losses for the quarter were $15.9 million.

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