Canadian Publishing Industry News
16 April 2024,     TORONTO
Postmedia Second Quarter 13% Drop in Sales
 
Canada's largest newspaper chain
Canada's largest newspaper chain
Revenue for the quarter was $97.3 million as compared to $111.8 million in the same period in the prior year, representing a decrease of $14.5 million (13.0%). The revenue decrease was primarily due to decreases in advertising revenue of $11.3 million (20.8%) and circulation revenue of $4.1 million (11.1%), partially offset by increases in parcel revenue of $2.4 million (20.5%). Operating loss before depreciation, amortization and restructuring in the quarter was $4.8 million, an increase of $4.3 million relative to the same period in the prior year. The increase in operating loss before depreciation, amortization and restructuring is due to the decrease in total revenue, partially offset by the decrease in operating expenses excluding depreciation, amortization and restructuring.
 
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Jaded says:
Wow, Torstar really seems to be on a mission to bankrupt one magazine after another....
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Lorene Shyba says:
Full of terrific information, Thanks!...
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