During the quarter, Postmedia received $5.7 million from the federal government's COVID-related emergency wage subsidy program, and $1 million from federal and Quebec journalism tax credits.

The revenue drop was due to a 29% decrease in print advertising, 21% decline in digital revenue and an 11.6% lower print-circulation revenue. The company cut operating expenses by nearly 20% that is expected to save about $5 million per year.