Canadian Publishing Industry News
13 January 2020, TORONTO
Postmedia Total Revenue Down But Digital Is Up
Postmedia had a $3-million loss in its first quarter with total revenues declining 8.5 per cent from a year earlier and with print advertising having the biggest decline .Total revenue was $156.7 million for the first quarter ending Nov. 30, down from $171.3 million a year earlier. Digital advertising revenue was up 11.1 per cent and total digital revenue rose $2.8 million to $35.6 million
-- continuing a three-year-long trend of double-digit revenue growth.Postmedia a
Canadian newsmedia company representing more than 140 brands including the National Post, Vancouver Province, London Free Press, Ottawa Citizen, Montreal Gazette, Sun Newspapers and other newspapers.
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