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Contents

   



(Top)
 


1 History  





2 Operating branch  





3 Criticism  



3.1  Ties to right wing politics  





3.2  Centralization and lack of localization  





3.3  Relationship with the government  





3.4  Treatment of staff  







4 Assets  



4.1  Advertising  





4.2  Publishing  



4.2.1  Broadsheet dailies and weeklies  





4.2.2  Tabloid dailies  





4.2.3  Community newspapers  





4.2.4  Former assets  





4.2.5  Magazines  





4.2.6  Online  







4.3  Software  







5 See also  



5.1  Related articles  







6 References  





7 External links  














Postmedia Network: Difference between revisions






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Line 9: Line 9:

| former_name = Canwest Limited Partnership (2000–2010)

| former_name = Canwest Limited Partnership (2000–2010)

| type = [[Public company|Public]]

| type = [[Public company|Public]]

| traded_as = {{TSX|PNC.A|PNC.B}}

| traded_as = {{ubl|{{TSX|PNC.A}}|{{TSX|PNC.B}}}}

| predecessor = [[Canwest]]

| predecessor = [[Canwest]]

| key_people =

| key_people =

| industry = [[Mass media]]

| industry = [[Mass media]]

| products = [[Newspaper]]s, media websites, news content

| products = [[Newspaper]]s, media websites, news content

| revenue = {{decrease}} $619.6 million [[Canadian Dollar|CAD]] (2019)<ref>{{cite web|url=http://www.postmedia.com/wp-content/uploads/2020/01/Postmedia-Network-Canada-Corp-Q1-F2020-Report-FINAL-.pdf.pdf|title=Postmedia Fiscal 2020 Q1 financial report}} section 14</ref>

| revenue = {{increase}} $458.2 million [[Canadian Dollar|CAD]] (2022)<ref>{{cite web|url=https://www.postmedia.com/2022/10/21/postmedia-reports-fourth-quarter-results-8/|title=Postmedia Reports Fourth Quarter Results|date=21 October 2022|publisher=Postmedia Network Canada Corp.|access-date=July 16, 2023|archive-date=October 26, 2022|archive-url=https://web.archive.org/web/20221026072444/https://www.postmedia.com/2022/10/21/postmedia-reports-fourth-quarter-results-8/|url-status=live}} section 14</ref>

| operating_income =

| operating_income =

| net_income =

| net_income =

| owner = {{Unbulleted list|Chatham Asset Management (66%)}}

| owner = {{Unbulleted list|[[Chatham Asset Management]] (66%)}}

| num_employees = 2,006<ref>{{citation|url=https://www.postmedia.com/wp-content/uploads/2021/11/AIF-2021-FINAL.pdf|title=2021 Annual Information Form|publisher=Postmedia Network Canada Corp.|date=2021}}</ref>

| num_employees = 2,006<ref>{{citation|url=https://www.postmedia.com/wp-content/uploads/2021/11/AIF-2021-FINAL.pdf|title=2021 Annual Information Form|publisher=Postmedia Network Canada Corp.|date=2021|access-date=January 3, 2022|archive-date=May 23, 2022|archive-url=https://web.archive.org/web/20220523165638/https://www.postmedia.com/wp-content/uploads/2021/11/AIF-2021-FINAL.pdf|url-status=live}}</ref>

| parent =

| parent =

| homepage = {{URL|postmedia.com}}

| homepage = {{URL|https://postmedia.com}}

| footnotes =

| footnotes =

| foundation = {{start date and age|2010|7|13}}

| foundation = {{start date and age|2010|7|13}}

Line 27: Line 27:

}}

}}



'''Postmedia Network Canada Corp.'''<ref name="Corporations Canada">{{cite web |url=https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=7535538&V_TOKEN=1590706767108&crpNm=Postmedia+Network&crpNmbr=&bsNmbr= |title=Federal Corporation Information |work=Corporations Canada |access-date=2020-05-28}}</ref> (also known as '''Postmedia Network''', '''Postmedia News''' or '''Postmedia''') is a Canadian [[media conglomerate]]<ref name=":0">{{Cite web|url=https://www.canadalandshow.com/the-conservative-transformation-of-postmedia/|title=You Must Be This Conservative To Ride: The Inside Story of Postmedia's Right Turn|website=canadalandshow.com|date=August 12, 2019 |access-date=2019-08-12}}</ref> consisting of the publishing properties of the former [[Canwest]], with primary operations in newspaper publishing, news gathering and Internet operations. It is best known for being the owner of the ''[[National Post]]'' and the ''[[Financial Post]]''. The company is headquartered at Postmedia Place on [[Bloor Street]] of Toronto.<ref>{{cite web |title=Contact Us {{!}} Postmedia |url=https://www.postmedia.com/contact-us/ |website=postmedia.com |access-date=26 October 2022}}</ref>

'''Postmedia Network Canada Corp.'''<ref name="Corporations Canada">{{cite web |url=https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=7535538&V_TOKEN=1590706767108&crpNm=Postmedia+Network&crpNmbr=&bsNmbr= |title=Federal Corporation Information |work=Corporations Canada |access-date=2020-05-28 |archive-date=August 11, 2020 |archive-url=https://web.archive.org/web/20200811135101/https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=7535538&V_TOKEN=1590706767108&crpNm=Postmedia+Network&crpNmbr=&bsNmbr= |url-status=live }}</ref> (also known as '''Postmedia Network''', '''Postmedia News''' or '''Postmedia''') is a foreign-owned Canadian-based [[media conglomerate]]<ref name=":0">{{Cite web |last=Craig |first=Sean |date=August 12, 2019 |title=You Must Be This Conservative To Ride: The Inside Story of Postmedia's Right Turn |url=https://www.canadalandshow.com/the-conservative-transformation-of-postmedia/ |url-status=live |archive-url=https://web.archive.org/web/20191216045639/https://www.canadalandshow.com/the-conservative-transformation-of-postmedia/ |archive-date=December 16, 2019 |access-date=2019-08-12 |website=CANADALAND}}</ref> consisting of the publishing properties of the former [[Canwest]], with primary operations in English-language newspaper publishing, news gathering and Internet operations. It is best known for being the owner of the ''[[National Post]]'' and the ''[[Financial Post]]''. The company is headquartered at Postmedia Place on [[Bloor Street]] in Toronto.<ref>{{cite web |title=Contact Us {{!}} Postmedia |url=https://www.postmedia.com/contact-us/ |website=postmedia.com |access-date=26 October 2022 |archive-date=September 29, 2022 |archive-url=https://web.archive.org/web/20220929050028/https://www.postmedia.com/contact-us/ |url-status=live }}</ref>



The company's strategy has seen its publications invest greater resources in digital news gathering and distribution, including expanded [[website]]s and digital news apps for smartphones and tablets.<ref name=citizen>[http://www.cbc.ca/news/business/postmedia-revamps-ottawa-citizen-s-digital-service-1.2648645 "Postmedia revamps Ottawa Citizen's digital service"]. [[CBC News]], May 20, 2014.</ref> This began with a revamp and redesign of the ''[[Ottawa Citizen]]'', which debuted in 2014.<ref name=citizen/>

The company's strategy has seen its publications invest greater resources in digital news gathering and distribution, including expanded [[website]]s and digital news apps for smartphones and tablets.<ref name=citizen>[http://www.cbc.ca/news/business/postmedia-revamps-ottawa-citizen-s-digital-service-1.2648645 "Postmedia revamps Ottawa Citizen's digital service"] {{Webarchive|url=https://web.archive.org/web/20220708032717/https://www.cbc.ca/news/business/postmedia-revamps-ottawa-citizen-s-digital-service-1.2648645 |date=July 8, 2022 }}. [[CBC News]], May 20, 2014.</ref> This began with a revamp and redesign of the ''[[Ottawa Citizen]]'', which debuted in 2014.<ref name=citizen/>



Postmedia is currently 66% owned by American media conglomerate Chatham Asset Management.<ref>{{cite web|url=http://www.postmedia.com/wp-content/uploads/2020/01/Postmedia-Network-Canada-Corp-Q1-F2020-Report-FINAL-.pdf.pdf|title=Postmedia Fiscal 2020 Q1 financial report}} on page 15 under 'Related Party Transactions'</ref>

66% of Postmedia is currently owned by American media conglomerate [[Chatham Asset Management]].<ref>{{cite web|url=http://www.postmedia.com/wp-content/uploads/2020/01/Postmedia-Network-Canada-Corp-Q1-F2020-Report-FINAL-.pdf.pdf|title=Postmedia Fiscal 2020 Q1 financial report|access-date=February 16, 2020|archive-date=November 24, 2021|archive-url=https://web.archive.org/web/20211124120620/https://www.postmedia.com/wp-content/uploads/2020/01/Postmedia-Network-Canada-Corp-Q1-F2020-Report-FINAL-.pdf.pdf|url-status=live}} on page 15 under 'Related Party Transactions'</ref>



==History==

==History==

The ownership group was assembled by ''[[National Post]]'' CEO [[Paul Godfrey]]<ref name="thestar_2015" /> in 2010 to bid for the chain of newspapers being sold by the financially troubled Asper family's Canwest (the company's broadcasting assets were sold separately to [[Shaw Communications]]). Godfrey secured financial backing from a U.S. [[private equity firm]], the Manhattan-based hedge fund [[GoldenTree Asset Management]]—which owns 35 per cent—as well as IJNR Investment Trust, Nyppex and other investors.<ref name="thestar_2015" /> The group completed a $1.1 billion transaction to acquire the chain from Canwest on July 13, 2010.<ref name="thestar_2015">{{cite web|url=https://www.thestar.com/business/2015/01/23/postmedia-and-the-heavy-price-it-pays-to-survive-olive.html|title=Postmedia and the heavy price it pays to survive: Olive|author=Olive, David|website=[[Toronto Star]] |date=January 23, 2015|location=Toronto, ON|access-date=February 22, 2016}}</ref>

The ownership group was assembled by ''[[National Post]]'' CEO [[Paul Godfrey]]<ref name="thestar_2015" /> in 2010 to bid for the chain of newspapers being sold by the financially troubled Asper family's Canwest (the company's broadcasting assets were sold separately to [[Shaw Communications]]). Godfrey secured financial backing from a U.S. [[private equity firm]], the Manhattan-based hedge fund [[GoldenTree Asset Management]]—which owns 35 per cent—as well as IJNR Investment Trust, Nyppex and other investors.<ref name="thestar_2015" /> The group completed a $1.1 billion transaction to acquire the chain from Canwest on July 13, 2010.<ref name="thestar_2015">{{cite web |author=Olive, David |date=January 23, 2015 |title=Postmedia and the heavy price it pays to survive: Olive |url=https://www.thestar.com/business/2015/01/23/postmedia-and-the-heavy-price-it-pays-to-survive-olive.html |url-status=live |archive-url=https://web.archive.org/web/20220708032715/https://www.thestar.com/business/2015/01/23/postmedia-and-the-heavy-price-it-pays-to-survive-olive.html |archive-date=July 8, 2022 |access-date=February 22, 2016 |website=[[Toronto Star]] |location=}}</ref>



On October 6, 2014, Postmedia's CEO Godfrey announced a deal to acquire the English-language operations of [[Sun Media]].<ref name="thestar_2015" /><ref name=sun>[https://www.thestar.com/business/2014/10/06/postmedia_buys_175paper_sun_media_for_316m.html "Postmedia buys 175-paper Sun Media for $316m"]. ''[[Toronto Star]]'', October 6, 2014.</ref> The purchase received regulatory approval from the federal [[Competition Bureau]] on March 25, 2015,<ref>[http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/03898.html Competition Bureau will not challenge Postmedia’s acquisition of Sun Media]. ''[[Competition Bureau]]'', March 25, 2015.</ref> even though the company manages competitive papers in several Canadian cities; while the Sun Media chain owns numerous other papers, four of its five ''Sun''-branded tabloids operate in markets where Postmedia already publishes a [[broadsheet]] competitor.<ref name=sun /> Board chair [[Rod Phillips (politician)|Rod Phillips]] has cited the [[Vancouver]] market, in which the two main daily newspapers, the ''[[Vancouver Sun]]'' and ''[[The Province]]'', have had common ownership for over 30 years, as evidence that the deal would not be anticompetitive.<ref name=sun /> The purchase did not include Sun Media's now-defunct [[Sun News Network]].<ref name=sun /> The acquisition was approved by the Competition Bureau on March 25, 2015,<ref name=cbc-postmediaapproved>{{cite web|title=Postmedia purchase of Quebecor's Sun Media OK'd by Competition Bureau|url=http://www.cbc.ca/news/business/postmedia-purchase-of-sun-media-ok-d-by-competition-bureau-1.3008709|website=CBC News|access-date=March 25, 2015}}</ref> and closed on April 13.<ref>{{cite news|url=https://www.theglobeandmail.com/report-on-business/postmedia-sun-media-deal-officially-closes/article23895298/|title=Postmedia-Sun Media deal officially closes|newspaper=The Globe and Mail |date=April 13, 2015 }}</ref>

On October 6, 2014, Postmedia's CEO Godfrey announced a deal to acquire the English-language operations of [[Sun Media]].<ref name="thestar_2015" /><ref name="sun">{{Cite web |last=Flavelle |first=Dana |date=2014-10-06|title=Postmedia buys 175-paper Sun Media for $316 million |url=https://www.thestar.com/business/postmedia-buys-175-paper-sun-media-for-316-million/article_8c9e1964-0dd2-5118-b0e7-fceb061a6857.html |access-date=2024-05-27 |website=Toronto Star |language=en}}</ref> The purchase received regulatory approval from the federal [[Competition Bureau]] on March 25, 2015,<ref>[http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/03898.html Competition Bureau will not challenge Postmedia’s acquisition of Sun Media] {{Webarchive|url=https://web.archive.org/web/20150923205747/http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/03898.html |date=September 23, 2015 }}. ''[[Competition Bureau]]'', March 25, 2015.</ref> even though the company manages competitive papers in several Canadian cities; while the Sun Media chain owns numerous other papers, four of its five ''Sun''-branded tabloids operate in markets where Postmedia already publishes a [[broadsheet]] competitor.<ref name=sun /> Board chair [[Rod Phillips (politician)|Rod Phillips]] has cited the [[Vancouver]] market, in which the two main daily newspapers, the ''[[Vancouver Sun]]'' and ''[[The Province]]'', have had common ownership for over 30 years, as evidence that the deal would not be anticompetitive.<ref name=sun /> The purchase did not include Sun Media's now-defunct [[Sun News Network]].<ref name=sun /> The acquisition was approved by the Competition Bureau on March 25, 2015,<ref name=cbc-postmediaapproved>{{cite web|title=Postmedia purchase of Quebecor's Sun Media OK'd by Competition Bureau|url=http://www.cbc.ca/news/business/postmedia-purchase-of-sun-media-ok-d-by-competition-bureau-1.3008709|website=CBC News|access-date=March 25, 2015|archive-date=August 15, 2020|archive-url=https://web.archive.org/web/20200815170710/https://www.cbc.ca/news/business/postmedia-purchase-of-sun-media-ok-d-by-competition-bureau-1.3008709|url-status=live}}</ref> and closed on April 13.<ref>{{cite news |last=Bradshaw |first=James |date=April 13, 2015 |title=Postmedia-Sun Media deal officially closes |url=https://www.theglobeandmail.com/report-on-business/postmedia-sun-media-deal-officially-closes/article23895298/ |url-status=live |archive-url=https://web.archive.org/web/20170327222714/http://www.theglobeandmail.com/report-on-business/postmedia-sun-media-deal-officially-closes/article23895298/ |archive-date=March 27, 2017 |access-date=September 8, 2017 |newspaper=The Globe and Mail}}</ref>



In 2016, the company sought to restructure its compensation plans and reduce spending by as much as 20%, after reporting a net loss of $99.4 million, or 35 cents per diluted share, in the fourth-quarter ended Aug 31, compared with a $54.1 million net loss, or 19 cents per diluted share, in the same period a year earlier. This resulted in 90 newsroom staff losing their jobs.<ref>{{Cite news |date=June 21, 2016 |title=Five things to know with Canada's news media industry under public policy review |url=http://toronto.citynews.ca/2016/06/21/five-things-to-know-with-canadas-news-media-industry-under-public-policy-review/ |url-status=live |archive-url=https://web.archive.org/web/20171222105059/http://toronto.citynews.ca/2016/06/21/five-things-to-know-with-canadas-news-media-industry-under-public-policy-review/ |archive-date=December 22, 2017 |access-date=December 21, 2017 |work=CityNews Toronto |language=en-US}}</ref>

[[Margo Goodhand]], a former ''[[Edmonton Journal]] editor-in-chief,'' wrote in a 2016 [[The Walrus|Walrus]] article that Postmedia executives were behind outsourcing of Postmedia content to produce “''Regina Leader-Post'' sports pages, Arts fronts for the ''Montreal Gazette'', editorial pages for the ''Vancouver Sun''” to a site within an office in Canada.<ref name=":1">{{Cite web|url=https://www.macleans.ca/politics/ottawa/the-new-worry-about-the-next-election-your-daily-news/|title=The new worry about the next election: your daily news - Macleans.ca|website=www.macleans.ca|access-date=2020-01-01}}</ref><ref>{{Cite web|url=https://thewalrus.ca/above-the-fold/|title=Above the Fold|last=Goodh|first=Margo|date=2016-02-04|website=The Walrus|language=en-US|access-date=2020-01-01}}</ref>



On November 27, 2017, Postmedia and [[Torstar]] announced a transaction in which Postmedia will sell seven dailies, eight community papers, and the Toronto and Vancouver ''[[24 Hours (newspaper)|24 Hours]]'' to Torstar, in exchange for 22 community papers and the Ottawa and Winnipeg versions of ''Metro''. Except for the ''[[Exeter Times-Advocate]]'', ''[[St. Catharines Standard]]'', ''[[Niagara Falls Review]]'', ''[[Peterborough Examiner]]'', and ''[[Welland Tribune]]'', all acquired papers will be closed.<ref>{{Cite news |date=November 27, 2017 |title=Postmedia to close community newspapers in Stratford, London, St. Thomas |url=http://www.cbc.ca/news/canada/london/ontario-newspapers-torstar-postmedia-metroland-buying-1.4420920 |url-status=live |archive-url=https://web.archive.org/web/20171128052028/http://www.cbc.ca/news/canada/london/ontario-newspapers-torstar-postmedia-metroland-buying-1.4420920 |archive-date=November 28, 2017 |access-date=November 27, 2017 |work=CBC News |language=en}}</ref><ref>{{Cite news |last=Krashinsky Robertson |first=Susan |date=November 27, 2017 |title=Torstar, Postmedia swap community papers, most to close |url=https://www.theglobeandmail.com/report-on-business/torstar-postmedia-swap-community-papers-many-to-close/article37092456/ |url-status=live |archive-url=https://web.archive.org/web/20171127184241/https://www.theglobeandmail.com/report-on-business/torstar-postmedia-swap-community-papers-many-to-close/article37092456/ |archive-date=November 27, 2017 |access-date=November 27, 2017 |work=The Globe and Mail}}</ref>

In 2016, the company sought to restructure its compensation plans and reduce spending by as much as 20%, after reporting a net loss of $99.4 million, or 35 cents per diluted share, in the fourth-quarter ended Aug 31, compared with a $54.1 million net loss, or 19 cents per diluted share, in the same period a year earlier. This resulted in 90 newsroom staff losing their jobs.<ref>{{Cite news|url=http://toronto.citynews.ca/2016/06/21/five-things-to-know-with-canadas-news-media-industry-under-public-policy-review/|title=Five things to know with Canada's news media industry under public policy review - CityNews Toronto|date=June 21, 2016|work=CityNews Toronto|access-date=December 21, 2017|language=en-US}}</ref>



On June 26, 2018, [[Canadian Press]] reported that, by the end of August, Postmedia will be closing the ''[[Camrose Canadian]]'' in [[Camrose, Alberta]], ''[[Strathmore Standard]]'' in [[Strathmore, Alberta]], ''[[Kapuskasing Northern Times]]'' in [[Kapuskasing, Ontario]], ''[[Ingersoll Times]]'' in [[Ingersoll, Ontario]], ''[[Norwich Gazette]]'' in [[Norwich, Ontario]] and ''[[Petrolia Topic]]'' in [[Petrolia, Ontario]]. It will also cease printing the ''[[Portage Daily Graphic]]'' in [[Portage La Prairie, Manitoba]], the ''[[Northern News]]'' in [[Kirkland Lake, Ontario]], and ''[[Pembroke Daily Observer]]'' in [[Pembroke, Ontario]] while maintaining a digital presence for the three publications. As well, the ''[[High River Times]]'' in [[High River, Alberta]] will go from being published twice a week to once a week.<ref>{{cite news |last=Healing |first=Dan |date=June 26, 2018 |title=Postmedia to close more local newspapers, cut staff by 10 per cent |url=https://ottawacitizen.com/pmn/news-pmn/canada-news-pmn/postmedia-confirms-plans-to-close-163-year-old-pembroke-daily-observer/wcm/b3cbe18e-997a-4007-bc38-d1c6667ba3ea |url-status=live |archive-url=https://web.archive.org/web/20180626210930/http://ottawacitizen.com/pmn/news-pmn/canada-news-pmn/postmedia-confirms-plans-to-close-163-year-old-pembroke-daily-observer/wcm/b3cbe18e-997a-4007-bc38-d1c6667ba3ea |archive-date=June 26, 2018 |access-date=June 26, 2018 |work=Ottawa Citizen |agency=Canadian Press}}</ref>

On November 27, 2017, Postmedia and [[Torstar]] announced a transaction in which Postmedia will sell seven dailies, eight community papers, and the Toronto and Vancouver ''[[24 Hours (newspaper)|24 Hours]]'' to Torstar, in exchange for 22 community papers and the Ottawa and Winnipeg versions of ''Metro''. Except for the ''[[Exeter Times-Advocate]]'', ''[[St. Catharines Standard]]'', ''[[Niagara Falls Review]]'', ''[[Peterborough Examiner]]'', and ''[[Welland Tribune]]'', all acquired papers will be closed.<ref>{{Cite news|url=http://www.cbc.ca/news/canada/london/ontario-newspapers-torstar-postmedia-metroland-buying-1.4420920|title=Postmedia to close community newspapers in Stratford, London, St. Thomas|work=CBC News|access-date=November 27, 2017|language=en}}</ref><ref>{{Cite news|url=https://www.theglobeandmail.com/report-on-business/torstar-postmedia-swap-community-papers-many-to-close/article37092456/|title=Torstar, Postmedia swap community papers, most to close|work=The Globe and Mail|access-date=November 27, 2017}}</ref>



During the [[COVID-19 pandemic]], Postmedia laid off approximately 80 employees and permanently closed 15 community publications while navigating the financial strain of COVID-19. While the company utilized government subsidies, they claim they were unable to offset the decline in revenue.<ref name="Postmedia-layoffs">{{cite news |last=Sagan |first=Aleksandra |date=April 28, 2020 |title=Postmedia to lay off 80, permanently close 15 newspapers amid coronavirus fallout |website=[[CityNews|Toronto CityNews]] |url=https://toronto.citynews.ca/2020/04/28/postmedia-to-lay-off-80-permanently-close-15-newspapers-amid-coronavirus-fallout/ |access-date=Jan 11, 2023 |archive-date=January 11, 2023 |archive-url=https://web.archive.org/web/20230111194310/https://toronto.citynews.ca/2020/04/28/postmedia-to-lay-off-80-permanently-close-15-newspapers-amid-coronavirus-fallout/ |url-status=live }}</ref>

In March 2018, the [[Competition Bureau]] issued a court filing accusing the two companies of structuring the deal with [[Non-compete clause|no-compete clauses]] in an effort to reduce competition in the newspaper industry, in violation of the ''[[Competition Act]]''.<ref>{{Cite news|url=http://business.financialpost.com/telecom/media/competition-bureaus-concerns-over-postmedia-torstar-newspaper-swap-revealed-in-court-filing|title=Competition Bureau's concerns over Postmedia-Torstar newspaper swap revealed in court filing|date=March 22, 2018|work=Financial Post|access-date=April 6, 2018|language=en-US}}</ref><ref>{{Cite news|url=https://www.theglobeandmail.com/report-on-business/rob-commentary/torstar-postmedia-and-the-arrogance-of-the-deal/article38336159/|title=Torstar, Postmedia and the arrogance of the deal|work=The Globe and Mail|access-date=April 6, 2018}}</ref>



Postmedia closed 15 community newspapers in Manitoba and Ontario’s Windsor-Essex area as the publications were no longer financially sustainable.<ref name="Postmedia-layoffs" /> The publications included Manitoba’s Altona Red River Valley Echo, Carman Valley Leader, Gimli Intertake Spectator, Morden Times, Selkirk Journal, Stonewall Argus & Teulon Times, Winkler Times, and The Prairie Farmer, leaving Portage La Prairie as the company’s community presence in the province.<ref name="Postmedia-layoffs" /> For Ontario, the closures included the Kingsville Reporter, Lakeshore News (Windsor-Essex area), LaSalle Post, Napanee Guide, Paris Star, Tecumseh Shoreline Week, and Tilbury Times.<ref name="Postmedia-layoffs" />

On June 26, 2018, [[Canadian Press]] reported that, by the end of August, Postmedia will be closing the ''[[Camrose Canadian]]'' in [[Camrose, Alberta]], ''[[Strathmore Standard]]'' in [[Strathmore, Alberta]], ''[[Kapuskasing Northern Times]]'' in [[Kapuskasing, Ontario]], ''[[Ingersoll Times]]'' in [[Ingersoll, Ontario]], ''[[Norwich Gazette]]'' in [[Norwich, Ontario]] and ''[[Petrolia Topic]]'' in [[Petrolia, Ontario]]. It will also cease printing the ''[[Portage Daily Graphic]]'' in [[Portage La Prairie, Manitoba]], the ''[[Northern News]]'' in [[Kirkland Lake, Ontario]], and ''[[Pembroke Daily Observer]]'' in [[Pembroke, Ontario]] while maintaining a digital presence for the three publications. As well, the ''[[High River Times]]'' in [[High River, Alberta]] will go from being published twice a week to once a week.<ref>{{cite news |title=Postmedia to close more local newspapers, cut staff by 10 per cent |url=https://ottawacitizen.com/pmn/news-pmn/canada-news-pmn/postmedia-confirms-plans-to-close-163-year-old-pembroke-daily-observer/wcm/b3cbe18e-997a-4007-bc38-d1c6667ba3ea |access-date=June 26, 2018 |work=Ottawa Citizen |agency=Canadian Press |date=June 26, 2018}}</ref>



On February 17, 2022, Postmedia announced a definitive agreement to acquire [[Brunswick News|Brunswick News Inc.]] (BNI). As well as several New Brunswick daily and weekly newspapers and "digital properties", BNI's assets included a parcel delivery business and "proprietary distribution software".<ref name="BNIpurchase">{{cite web |title=Postmedia to Acquire Brunswick News Inc. and Extend Maturity of its First and Second Lien Notes |url=https://www.postmedia.com/2022/02/17/postmedia-to-acquire-brunswick-news-inc-and-extend-maturity-of-its-first-and-second-lien-notes/ |website=Postmedia |access-date=18 February 2022 |date=17 February 2022 |archive-date=February 18, 2022 |archive-url=https://web.archive.org/web/20220218140903/https://www.postmedia.com/2022/02/17/postmedia-to-acquire-brunswick-news-inc-and-extend-maturity-of-its-first-and-second-lien-notes/ |url-status=live }}</ref>

On November 27, 2018, The [[Competition Bureau]] applied for a court evaluation contesting Postmedia's claims of solicitor-client privilege, for records seized by the bureau during raids at the company's offices.<ref>{{Cite news|url=https://thetyee.ca/News/2019/02/05/Torstar-Blocks-Release-of-Evidence/|title=Torstar (Again) Blocks Release of Evidence in Conspiracy Case|work=The Tyee|access-date=March 4, 2019}}</ref>



In 2023, Postmedia announced it would be moving a dozen of its Alberta community papers to digital-only platforms, aiming for more outsourcing deals and laying off employees. The announcement was made January 18, 2023, during an internal memo to staff that was obtained by [[The Canadian Press]], describing the measures as a part of a "transformation plan geared toward managing costs". Later that day, Postmedia said it had also sold the [[Calgary Herald]] building for $17.23 million to U-Haul Co. after trying to sell it for nearly a decade.<ref>{{cite news |last=Deschamps |first=Tara |date=Jan 18, 2023 |title=Postmedia announces plan to move 12 Alberta papers to digital-only, layoff staff |url=https://www.thestar.com/business/2023/01/18/canadian-press-newsalert-postmedia-sells-calgary-herald-building-for-1725m.html |url-status=live |archive-url=https://web.archive.org/web/20230118222018/https://www.thestar.com/business/2023/01/18/canadian-press-newsalert-postmedia-sells-calgary-herald-building-for-1725m.html |archive-date=January 18, 2023 |access-date=Jan 19, 2023 |work=Toronto Star}}</ref>

In June 2019, Kevin Libin, the ''National Post'' and ''Financial Post comments'' editor and editorials editor and a founding editor of ''[[Western Standard]],'' was assigned “executive editor of Postmedia politics".<ref name=":0" /> The role focuses on coverage for federal politics in the ''Post.'' In addition, it focuses on coverage of federal and provincial politics within all of the dailies owned by Postmedia.<ref name=":1" />



In July 2023, Postmedia Network Canada Corp. and Nordstar Capital LP announced that merger discussion between the two newspaper publishers will not continue.<ref>{{Cite web |last=Evans |first=Pete |date=July 10, 2023 |title=Merger talks between Postmedia and Toronto Star owner fall apart |url=https://www.cbc.ca/news/business/postmedia-nordstar-1.6902175 |url-status=live |archive-url=https://web.archive.org/web/20230806154131/https://www.cbc.ca/news/business/postmedia-nordstar-1.6902175 |archive-date=August 6, 2023 |access-date=August 6, 2023 |website=CBC News}}</ref>

In November 2019, Postmedia announced<ref>{{cite web|url=http://www.postmedia.com/wp-content/uploads/2020/01/Postmedia-Network-Canada-Corp-Q1-F2020-Report-FINAL-.pdf.pdf|title=Postmedia Fiscal 2020 Q1 financial report}} section 14</ref> that 66% of its shares were now owned by [[Chatham Asset Management]], an American media conglomerate which owns [[American Media, Inc.]], and is known for its close ties to the Republican party.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2018-08-30/behind-trump-s-tabloid-king-a-connected-and-flush-hedge-fund|title=Behind Trump Tabloid King, a Connected and Flush Hedge Fund|work=Bloomberg|date=2018-08-30|access-date=2020-02-15}}</ref>



On May 27, 2024, Postmedia announced that it would sell the [[Winnipeg Sun|''Winnipeg Sun'']], the [[Portage la Prairie]] ''Graphic Leader'', [[Kenora Miner and News|''Kenora Miner and News'']], and company's Winnipeg printing operations to politician and former ''Sun'' publisher [[Kevin Klein (politician)|Kevin Klein]].<ref>{{Cite web |date=2024-05-27 |title=Postmedia selling the Winnipeg Sun, the Graphic Leader, and Kenora Miner & News |url=https://winnipeg.ctvnews.ca/postmedia-selling-the-winnipeg-sun-the-graphic-leader-and-kenora-miner-news-1.6902225 |access-date=2024-05-27 |website=CTV News Winnipeg |language=en}}</ref><ref>{{Cite web |last=Froese |first=Ian |date=May 27, 2024 |title=Former PC cabinet minister Kevin Klein buying Winnipeg Sun from Postmedia |url=https://www.cbc.ca/news/canada/manitoba/kevin-klein-winnipeg-sun-purchase-postmedia-1.7215883 |access-date=May 27, 2024 |website=CBC News}}</ref>

In a 2020 article by The New York Times,<ref>{{cite news|url=https://www.nytimes.com/2020/07/16/business/media/hedge-fund-chatham-mcclatchy-postmedia-newspapers.html|title=Under Hedge Fund Set to Own McClatchy, Canadian Newspapers Endured Big Cuts|work=The New York Times |date=July 16, 2020 |last1=Lee |first1=Edmund }}</ref> it was reported that journalists had attested that since [[Chatham Asset Management]] had taken over, Postmedia had centralized operations and cut staff so that its 106 newspapers are basically clones of one another.



== Operating branch ==

On February 17, 2022, Postmedia announced a definitive agreement to acquire [[Brunswick News | Brunswick News Inc.]] (BNI). As well as several New Brunswick daily and weekly newspapers and "digital properties", BNI's assets included a parcel delivery business and "proprietary distribution software".<ref name="BNIpurchase">{{cite web |title=Postmedia to Acquire Brunswick News Inc. and Extend Maturity of its First and Second Lien Notes |url=https://www.postmedia.com/2022/02/17/postmedia-to-acquire-brunswick-news-inc-and-extend-maturity-of-its-first-and-second-lien-notes/ |website=Postmedia |access-date=18 February 2022 |date=17 February 2022}}</ref>

Postmedia News is the news branch of Postmedia Network, providing similar content to all of its subsidiary news outlets and websites. It is identified as a source on all of its subsidiary newspapers.<ref>{{cite web |title=Postmedia News {{!}} National Post |url=https://nationalpost.com/author/postmedianews |website=National Post |access-date=24 October 2020 |language=en-CA |archive-date=May 9, 2024 |archive-url=https://web.archive.org/web/20240509061749/https://nationalpost.com/author/postmedianews/ |url-status=live }}</ref> The news agency provides news, sports, entertainment, photography, financial and feature information and data to Postmedia Network's Canadian newspapers, online properties and a number of third party clients in Canada and the United States.{{Citation needed|date=October 2020}}



== Criticism ==

In 2023, Postmedia announced it would be moving a dozen of its Alberta community papers to digital-only platforms, aiming for more outsourcing deals and laying off employees. The announcement was made January 18, 2023, during an internal memo to staff that was obtained by [[The Canadian Press]], describing the measures as a part of a “transformation plan geared toward managing costs. Later the same day, the newspaper publisher said it has also sold the [[Calgary Herald]] building for $17.23 million to U-Haul Co. after trying to sell it for nearly a decade.<ref>{{cite news|last =Deschamps |first =Tara |title =Postmedia announces plan to move 12 Alberta papers to digital-only, layoff staff|url=https://www.thestar.com/business/2023/01/18/canadian-press-newsalert-postmedia-sells-calgary-herald-building-for-1725m.html|date =Jan 18, 2023|access-date =Jan 19, 2023 }}</ref>



=== Ties to right wing politics ===

== Operating branch ==

In October 2018, it was reported that CEO Andrew MacLeod had declared the company "insufficiently [[conservative]]". That resulted in Kevin Libin, who had played an active role in defeating a union drive at the paper earlier that year,<ref name="Canadaland">{{cite web |last=Yelland |first=Tannara |date=June 6, 2018 |title=How Postmedia Defeated A Union Drive At The National Post |url=https://www.canadaland.com/how-postmedia-defeated-a-national-post-union/ |url-status=live |archive-url=https://web.archive.org/web/20201024045744/https://www.canadaland.com/how-postmedia-defeated-a-national-post-union/ |archive-date=October 24, 2020 |access-date=2020-10-23 |work=CANADALAND}}</ref> taking charge of all political reporting and analysis in Postmedia newspapers to ensure the newspapers became more "reliably conservative."<ref name="National Observer">{{cite web |date=August 27, 2019 |title=Postmedia's employees should stand up to their right-wing bosses |url=https://www.nationalobserver.com/2019/08/27/opinion/postmedias-employees-should-stand-their-right-wing-bosses |access-date=2020-10-23 |work=National Observer |archive-date=November 7, 2020 |archive-url=https://web.archive.org/web/20201107234343/https://www.nationalobserver.com/2019/08/27/opinion/postmedias-employees-should-stand-their-right-wing-bosses |url-status=live }}</ref><ref name=":1">{{Cite web |last=Subramanian |first=Sarmishta |date=August 6, 2019 |title=The new worry about the next election: your daily news |url=https://www.macleans.ca/politics/ottawa/the-new-worry-about-the-next-election-your-daily-news/ |url-status=live |archive-url=https://web.archive.org/web/20191217005152/https://www.macleans.ca/politics/ottawa/the-new-worry-about-the-next-election-your-daily-news/ |archive-date=December 17, 2019 |access-date=2020-01-01 |website=Maclean’s Magazine}}</ref> In June 2019, Kevin Libin, comments editor and editorials editor of the ''National Post'' and ''Financial Post'' and a founding editor of ''[[Western Standard]],'' was assigned “executive editor of Postmedia politics".<ref name=":0"/> The role focuses on the coverage of federal politics in the ''National Post.'' In addition, it focuses on the coverage of federal and provincial politics in all of the dailies owned by Postmedia.<ref name=":1"/>

Postmedia News is the news branch of Postmedia Network, providing similar content to all of its subsidiary news outlets and websites. It is identified as a source on all of its subsidiary newspapers.<ref>{{cite web |title=Postmedia News {{!}} National Post |url=https://nationalpost.com/author/postmedianews |website=National Post |publisher=National Post |access-date=24 October 2020 |language=en-CA}}</ref> The news agency provides news, sports, entertainment, photography, financial and feature information and data to Postmedia Network's Canadian newspapers, online properties and a number of third party clients in Canada and the United States.{{Citation needed|date=October 2020}}



In November 2019, Postmedia announced that 66% of its shares were now owned by [[Chatham Asset Management]], an American media conglomerate which owns [[American Media, Inc.]] and is known for its close ties to the Republican party.<ref>{{cite web |title=Postmedia Fiscal 2020 Q1 financial report |url=http://www.postmedia.com/wp-content/uploads/2020/01/Postmedia-Network-Canada-Corp-Q1-F2020-Report-FINAL-.pdf.pdf |access-date=February 16, 2020 |archive-date=November 24, 2021 |archive-url=https://web.archive.org/web/20211124120620/https://www.postmedia.com/wp-content/uploads/2020/01/Postmedia-Network-Canada-Corp-Q1-F2020-Report-FINAL-.pdf.pdf |url-status=live }} section 14</ref><ref>{{Cite news |date=2018-08-30 |title=Behind Trump Tabloid King, a Connected and Flush Hedge Fund |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2018-08-30/behind-trump-s-tabloid-king-a-connected-and-flush-hedge-fund |access-date=2020-02-15 |archive-date=December 20, 2019 |archive-url=https://web.archive.org/web/20191220180211/https://www.bloomberg.com/news/articles/2018-08-30/behind-trump-s-tabloid-king-a-connected-and-flush-hedge-fund |url-status=live }}</ref>

==Pandemic shutdown==



=== Centralization and lack of localization ===

During the [[COVID-19 pandemic]], Postmedia laid off approximately 80 employees and permanently closed 15 community publications while navigating the financial strain of COVID-19. While the company utilized government subsidies, they claim they were unable to offset the decline in revenue.<ref name = Postmedia-layoffs>{{cite news|last =Sagan|first = Aleksandra |title =Postmedia to lay off 80, permanently close 15 newspapers amid coronavirus fallout |website=[[CityNews|Toronto CityNews]]|url=https://toronto.citynews.ca/2020/04/28/postmedia-to-lay-off-80-permanently-close-15-newspapers-amid-coronavirus-fallout/|date =April 28, 2020 |access-date =Jan 11, 2023 }}</ref>

The creation of the Postmedia Network effectively concentrates more than 90 percent of all Canadian dailies and weeklies in one company, a fact lamented by J-Source, a Canadian media watchdog, in a 2015 online article.<ref name="J-Source">{{cite web |last=Baluja |first=Tamara |date=November 29, 2013 |title=Diversity of Media Ownership Literally Non-existent in Canada |url=https://j-source.ca/diversity-of-media-ownership-literally-non-existent-in-canada/ |url-status=live |archive-url=https://web.archive.org/web/20220708032719/https://j-source.ca/diversity-of-media-ownership-literally-non-existent-in-canada/ |archive-date=July 8, 2022 |access-date=2019-08-16 |website=J-Source}}</ref>



[[Margo Goodhand]], a former ''[[Edmonton Journal]]'' editor-in-chief'','' wrote in a 2016 [[The Walrus|Walrus]] article that Postmedia executives were behind the outsourcing of Postmedia content to a site within an office in Canada for the sake of producing “''Regina Leader-Post'' sports pages, Arts fronts for the ''Montreal Gazette'', editorial pages for the ''Vancouver Sun''”.<ref name=":1" /><ref>{{Cite web |last=Goodh |first=Margo |date=2016-02-04 |title=Above the Fold |url=https://thewalrus.ca/above-the-fold/ |access-date=2020-01-01 |website=The Walrus |language=en-US |archive-date=January 1, 2020 |archive-url=https://web.archive.org/web/20200101202851/https://thewalrus.ca/above-the-fold/ |url-status=live }}</ref> In a 2020 article by The New York Times, it was reported journalists had attested that since [[Chatham Asset Management]] took over, Postmedia had centralized operations and cut staff so that its 106 newspapers were essentially clones of one another.<ref>{{cite news |last1=Lee |first1=Edmund |date=July 16, 2020 |title=Under Hedge Fund Set to Own McClatchy, Canadian Newspapers Endured Big Cuts |work=The New York Times |url=https://www.nytimes.com/2020/07/16/business/media/hedge-fund-chatham-mcclatchy-postmedia-newspapers.html |access-date=May 1, 2022 |archive-date=April 18, 2022 |archive-url=https://web.archive.org/web/20220418204417/https://www.nytimes.com/2020/07/16/business/media/hedge-fund-chatham-mcclatchy-postmedia-newspapers.html |url-status=live }}</ref>

Postmedia closed 15 community newspapers in Manitoba and Ontario’s Windsor-Essex area as the publications were no longer financially sustainable.<ref name = Postmedia-layoffs/>The publications included Manitoba’s Altona Red River Valley Echo, Carman Valley Leader, Gimli Intertake Spectator, Morden Times, Selkirk Journal, Stonewall Argus & Teulon Times, Winkler Times, and The Prairie Farmer, leaving Portage La Prairie as the company’s community presence in the province.<ref name = Postmedia-layoffs/>For Ontario, the closures included the Kingsville Reporter, Lakeshore News (Windsor-Essex area), LaSalle Post, Napanee Guide, Paris Star, Tecumseh Shoreline Week, and Tilbury Times.<ref name = Postmedia-layoffs/>



=== Relationship with the government ===

== Controversies ==

On November 27, 2018, The [[Competition Bureau]] applied for a court evaluation contesting Postmedia's claims of solicitor-client privilege, for records seized by the bureau during raids at the company's offices.<ref>{{Cite news |last=Carney |first=Bryan |date=February 5, 2019 |title=Torstar (Again) Blocks Release of Evidence in Conspiracy Case |url=https://thetyee.ca/News/2019/02/05/Torstar-Blocks-Release-of-Evidence/ |url-status=live |archive-url=https://web.archive.org/web/20190306111319/https://thetyee.ca/News/2019/02/05/Torstar-Blocks-Release-of-Evidence/ |archive-date=March 6, 2019 |access-date=March 4, 2019 |work=The Tyee}}</ref> In March 2018, the [[Competition Bureau]] issued a court filing accusing Postmedia and [[Torstar]] of structuring the deal they made together with [[Non-compete clause|no-compete clauses]] in an effort to reduce competition in the newspaper industry in violation of the ''[[Competition Act]]''.<ref>{{Cite news |last=Jackson |first=Emily |date=March 22, 2018 |title=Competition Bureau's concerns over Postmedia-Torstar newspaper swap revealed in court filing |url=http://business.financialpost.com/telecom/media/competition-bureaus-concerns-over-postmedia-torstar-newspaper-swap-revealed-in-court-filing |url-status=live |archive-url=https://web.archive.org/web/20180406163952/http://business.financialpost.com/telecom/media/competition-bureaus-concerns-over-postmedia-torstar-newspaper-swap-revealed-in-court-filing |archive-date=April 6, 2018 |access-date=April 6, 2018 |work=Financial Post |language=en-US}}</ref><ref>{{Cite news |last=Milstead |first=David |date=March 22, 2018 |title=Torstar, Postmedia and the arrogance of the deal |url=https://www.theglobeandmail.com/report-on-business/rob-commentary/torstar-postmedia-and-the-arrogance-of-the-deal/article38336159/ |url-status=live |archive-url=https://web.archive.org/web/20180405001044/https://www.theglobeandmail.com/report-on-business/rob-commentary/torstar-postmedia-and-the-arrogance-of-the-deal/article38336159/ |archive-date=April 5, 2018 |access-date=April 6, 2018 |work=The Globe and Mail}}</ref>

The creation of the Postmedia Network effectively concentrates more than 90 percent of all Canadian dailies and weeklies in one company, a fact lamented by J-Source, a Canadian media watchdog, in a 2015 online article.<ref name="J-Source">{{cite web |url=https://j-source.ca/diversity-of-media-ownership-literally-non-existent-in-canada/|title=Diversityof Media Ownership Literally Non-existent in Canada |date=November 29, 2013 |access-date=2019-08-16}}</ref>



According to Marc Edge, author of ''The Postmedia Effect'', the network received $9.9 million in government financial assistance in 2022. In the same year, Postmedia's operating income was only $13 million.<ref name="Edge_20230613">{{cite news |last=Edge |first=March |date=June 13, 2023 |title=Postmedia is in a crash dive – Ottawa should let it decline |work=The Globe and Mail |url=https://www.theglobeandmail.com/business/commentary/article-postmedia-is-in-a-crash-dive-ottawa-should-let-it-decline |access-date=June 15, 2023 |archive-date=June 14, 2023 |archive-url=https://web.archive.org/web/20230614142509/https://www.theglobeandmail.com/business/commentary/article-postmedia-is-in-a-crash-dive-ottawa-should-let-it-decline/ |url-status=live }}</ref>

In 2016, Godfrey took a $900,000 bonus during a time that Postmedia laid off staff company-wide.<ref>{{Cite news|url=https://www.theglobeandmail.com/report-on-business/postmedia-executives-receive-23-million-in-bonuses/article33009649/|title=Postmedia executives receive $2.3-million inretention bonuses|access-date=2019-08-16}}</ref> Also during that time, CFO Doug Lamb received $450,000, COO Andrew MecLeod $425,000, legal and general counsel Jeffrey Harr $300,000, and then National Post president Gordon Fisher $200,000. Unions representing Canadian journalists wanted the Postmedia executives to reject the total $2.275 million as the newspaper chain continued to cut staff.<ref>{{cite news|last =Woodhouse |first =Kristin |title =Unions demand Postmedia executives reject $2.3 million in bonuses|url=https://vancouver.citynews.ca/2016/11/24/unions-demand-postmedia-executives-reject-2-3-million-bonuses/|website =vancouver.citynews.ca|date = November 24, 2016|access-date =Jan 18, 2023 }}</ref>



=== Treatment of staff ===

In October 2018, it was reported that CEO Andrew MacLeod had declared the company "insufficiently conservative." That resulted in Kevin Libin, who had played an active role in defeating a union drive at the paper earlier that year,<ref name="Canadaland">{{cite web |url=https://www.canadaland.com/how-postmedia-defeated-a-national-post-union/ |title=How Postmedia Defeated A Union Drive At The National Post |work= CANADALAND |date=June 6, 2018 |access-date=2020-10-23}}</ref> taking charge of all political reporting and analysis in Postmedia newspapers to ensure the newspapers became more "reliably conservative."<ref name="National Observer">{{cite web |url=https://www.nationalobserver.com/2019/08/27/opinion/postmedias-employees-should-stand-their-right-wing-bosses |title=Postmedia's employees should stand up to their right-wing bosses |work= National Observer |date=August 27, 2019 |access-date=2020-10-23}}</ref>

In 2016, Paul Godfrey took a $900,000 bonus during a time when Postmedia laid off staff company-wide.<ref>{{Cite news |last=Bradshaw |first=James |date=November 23, 2016 |title=Postmedia executives receive $2.3-million in retention bonuses |url=https://www.theglobeandmail.com/report-on-business/postmedia-executives-receive-23-million-in-bonuses/article33009649/ |url-status=live |archive-url=https://web.archive.org/web/20220708032718/https://www.theglobeandmail.com/report-on-business/postmedia-executives-receive-23-million-in-bonuses/article33009649/ |archive-date=July 8, 2022 |access-date=2019-08-16 |work=The Globe and Mail}}</ref> CFO Doug Lamb received $450,000, COO Andrew MecLeod $425,000, legal and general counsel Jeffrey Harr $300,000, and National Post president Gordon Fisher $200,000. Unions representing Canadian journalists wanted the Postmedia executives to reject the total $2,275,000 as the newspaper chain continued to cut staff.<ref>{{cite news |last =Woodhouse |first =Kristin |title =Unions demand Postmedia executives reject $2.3 million in bonuses |url =https://vancouver.citynews.ca/2016/11/24/unions-demand-postmedia-executives-reject-2-3-million-bonuses/ |website =vancouver.citynews.ca |date =November 24, 2016 |access-date =Jan 18, 2023 |archive-date =January 18, 2023 |archive-url =https://web.archive.org/web/20230118212719/https://vancouver.citynews.ca/2016/11/24/unions-demand-postmedia-executives-reject-2-3-million-bonuses/ |url-status =live }}</ref>



==Assets==

==Assets==

Line 117: Line 120:

Postmedia owns newspapers that serve smaller communities across Canada, including:

Postmedia owns newspapers that serve smaller communities across Canada, including:

*''[[Airdrie Echo]]'' (tabloid)

*''[[Airdrie Echo]]'' (tabloid)

*[[Bow Valley Crag and Canyon]] (tabloid)

*[[Bow Valley Crag and Canyon|''Bow Valley Crag and Canyon'']] (tabloid)

*''[[The Recorder and Times|Brockville Recorder and Times]]'' (broadsheet)

*''[[The Recorder and Times|Brockville Recorder and Times]]'' (broadsheet)

*''[[Chatham This Week]]'' (tabloid)

*''[[Chatham This Week]]'' (tabloid)

Line 156: Line 159:


====Former assets====

====Former assets====

* ''[[24 Hours (newspaper)|24 Hours]]'' ([[Toronto]], [[Vancouver]]) ''sold to Torstar and closed, 2017''<ref name=torstar>{{cite web|url=https://business.financialpost.com/telecom/media/postmedia-and-torstar-swap-41-newspapers-most-to-close-291-jobs-lost|title='The alarm bells should go off:' Postmedia, Torstar deal will see 36 community papers closed - Financial Post|last1=Telecom|last2=Media|date=November 27, 2017}}</ref>

* ''[[24 Hours (newspaper)|24 Hours]]'' ([[Toronto]], [[Vancouver]]) ''sold to Torstar and closed, 2017''<ref name=torstar>{{cite web|url=https://business.financialpost.com/telecom/media/postmedia-and-torstar-swap-41-newspapers-most-to-close-291-jobs-lost|title='The alarm bells should go off:' Postmedia, Torstar deal will see 36 community papers closed - Financial Post|last1=Telecom|last2=Media|date=November 27, 2017|access-date=March 23, 2019|archive-date=March 24, 2019|archive-url=https://web.archive.org/web/20190324232653/https://business.financialpost.com/telecom/media/postmedia-and-torstar-swap-41-newspapers-most-to-close-291-jobs-lost|url-status=live}}</ref>

*''[[Barrie Examiner]]'' (sold to Torstar and closed, 2017)<ref name=torstar/>

*''[[Barrie Examiner]]'' (sold to Torstar and closed, 2017)<ref name=torstar/>

*''[[Bradford West Gwillimbury Times|Bradford Times]]'' (tabloid) ''sold to Torstar and closed, 2017''<ref name=torstar/>

*''[[Bradford West Gwillimbury Times|Bradford Times]]'' (tabloid) ''sold to Torstar and closed, 2017''<ref name=torstar/>

*''[[Camrose Canadian]]'' (tabloid), closing 2018

*''[[Camrose Canadian]]'' (tabloid), closed 2018

*''[[Collingwood Enterprise Bulletin]]'' ''sold to Torstar and closed, 2017''<ref name=torstar/>

*''[[Collingwood Enterprise Bulletin]]'' ''sold to Torstar and closed, 2017''<ref name=torstar/>

*''[[Niagara Falls Review]]'' (broadsheet) ''sold to Torstar, 2017''

*''[[Niagara Falls Review]]'' (broadsheet) ''sold to Torstar, 2017''

*''Norwich Gazette'', closing 2018

*''Norwich Gazette'', closed 2018

*''[[Orillia Packet & Times]]'' (broadsheet) ''sold to Torstar and closed, 2017''<ref name=torstar/>

*''[[Orillia Packet & Times]]'' (broadsheet) ''sold to Torstar and closed, 2017''<ref name=torstar/>

*''[[Pembroke Daily Observer]]'' (broadsheet), ceasing print edition 2018

*''[[Pembroke Daily Observer]]'' (broadsheet), ceasing print edition 2018

*''[[Peterborough Examiner]]'' (broadsheet) ''sold to Torstar, 2017''

*''[[Peterborough Examiner]]'' (broadsheet) ''sold to Torstar, 2017''

*''[[St. Catharines Standard]]'' (broadsheet) ''sold to Torstar in 2017''

*''[[St. Catharines Standard]]'' (broadsheet) ''sold to Torstar in 2017''

*''[[Strathmore Standard]]'' (tabloid), closing 2018

*''[[Strathmore Standard]]'' (tabloid), closed 2018



====Magazines====

====Magazines====

Line 185: Line 188:

* Canada.com

* Canada.com

* Infomart.com

* Infomart.com

* Canoe.com

* celebrating.com

* celebrating.com

* connecting.com

* connecting.com

Line 218: Line 222:

==External links==

==External links==

{{commons category|Postmedia Network}}

{{commons category|Postmedia Network}}

*{{official website|http://www.postmedia.com/}}

*{{official website|https://www.postmedia.com/}}

*[http://www.canada.com Canada.com web portal]

*[https://www.canada.com Canada.com web portal]



{{Postmedia}}

{{Postmedia}}


Latest revision as of 22:36, 3 June 2024

Postmedia Network Canada Corp.
FormerlyCanwest Limited Partnership (2000–2010)
Company typePublic

Traded as

  • TSXPNC.B
  • IndustryMass media
    PredecessorCanwest
    FoundedJuly 13, 2010; 13 years ago (2010-07-13)
    Headquarters365 Bloor Street East
    Toronto, Ontario
    M4W 3L4
    ProductsNewspapers, media websites, news content
    RevenueIncrease $458.2 million CAD (2022)[1]
    Owner

    Number of employees

    2,006[2]
    Websitepostmedia.com

    Postmedia Network Canada Corp.[3] (also known as Postmedia Network, Postmedia NewsorPostmedia) is a foreign-owned Canadian-based media conglomerate[4] consisting of the publishing properties of the former Canwest, with primary operations in English-language newspaper publishing, news gathering and Internet operations. It is best known for being the owner of the National Post and the Financial Post. The company is headquartered at Postmedia Place on Bloor Street in Toronto.[5]

    The company's strategy has seen its publications invest greater resources in digital news gathering and distribution, including expanded websites and digital news apps for smartphones and tablets.[6] This began with a revamp and redesign of the Ottawa Citizen, which debuted in 2014.[6]

    66% of Postmedia is currently owned by American media conglomerate Chatham Asset Management.[7]

    History[edit]

    The ownership group was assembled by National Post CEO Paul Godfrey[8] in 2010 to bid for the chain of newspapers being sold by the financially troubled Asper family's Canwest (the company's broadcasting assets were sold separately to Shaw Communications). Godfrey secured financial backing from a U.S. private equity firm, the Manhattan-based hedge fund GoldenTree Asset Management—which owns 35 per cent—as well as IJNR Investment Trust, Nyppex and other investors.[8] The group completed a $1.1 billion transaction to acquire the chain from Canwest on July 13, 2010.[8]

    On October 6, 2014, Postmedia's CEO Godfrey announced a deal to acquire the English-language operations of Sun Media.[8][9] The purchase received regulatory approval from the federal Competition Bureau on March 25, 2015,[10] even though the company manages competitive papers in several Canadian cities; while the Sun Media chain owns numerous other papers, four of its five Sun-branded tabloids operate in markets where Postmedia already publishes a broadsheet competitor.[9] Board chair Rod Phillips has cited the Vancouver market, in which the two main daily newspapers, the Vancouver Sun and The Province, have had common ownership for over 30 years, as evidence that the deal would not be anticompetitive.[9] The purchase did not include Sun Media's now-defunct Sun News Network.[9] The acquisition was approved by the Competition Bureau on March 25, 2015,[11] and closed on April 13.[12]

    In 2016, the company sought to restructure its compensation plans and reduce spending by as much as 20%, after reporting a net loss of $99.4 million, or 35 cents per diluted share, in the fourth-quarter ended Aug 31, compared with a $54.1 million net loss, or 19 cents per diluted share, in the same period a year earlier. This resulted in 90 newsroom staff losing their jobs.[13]

    On November 27, 2017, Postmedia and Torstar announced a transaction in which Postmedia will sell seven dailies, eight community papers, and the Toronto and Vancouver 24 Hours to Torstar, in exchange for 22 community papers and the Ottawa and Winnipeg versions of Metro. Except for the Exeter Times-Advocate, St. Catharines Standard, Niagara Falls Review, Peterborough Examiner, and Welland Tribune, all acquired papers will be closed.[14][15]

    On June 26, 2018, Canadian Press reported that, by the end of August, Postmedia will be closing the Camrose CanadianinCamrose, Alberta, Strathmore StandardinStrathmore, Alberta, Kapuskasing Northern TimesinKapuskasing, Ontario, Ingersoll TimesinIngersoll, Ontario, Norwich GazetteinNorwich, Ontario and Petrolia TopicinPetrolia, Ontario. It will also cease printing the Portage Daily GraphicinPortage La Prairie, Manitoba, the Northern NewsinKirkland Lake, Ontario, and Pembroke Daily ObserverinPembroke, Ontario while maintaining a digital presence for the three publications. As well, the High River TimesinHigh River, Alberta will go from being published twice a week to once a week.[16]

    During the COVID-19 pandemic, Postmedia laid off approximately 80 employees and permanently closed 15 community publications while navigating the financial strain of COVID-19. While the company utilized government subsidies, they claim they were unable to offset the decline in revenue.[17]

    Postmedia closed 15 community newspapers in Manitoba and Ontario’s Windsor-Essex area as the publications were no longer financially sustainable.[17] The publications included Manitoba’s Altona Red River Valley Echo, Carman Valley Leader, Gimli Intertake Spectator, Morden Times, Selkirk Journal, Stonewall Argus & Teulon Times, Winkler Times, and The Prairie Farmer, leaving Portage La Prairie as the company’s community presence in the province.[17] For Ontario, the closures included the Kingsville Reporter, Lakeshore News (Windsor-Essex area), LaSalle Post, Napanee Guide, Paris Star, Tecumseh Shoreline Week, and Tilbury Times.[17]

    On February 17, 2022, Postmedia announced a definitive agreement to acquire Brunswick News Inc. (BNI). As well as several New Brunswick daily and weekly newspapers and "digital properties", BNI's assets included a parcel delivery business and "proprietary distribution software".[18]

    In 2023, Postmedia announced it would be moving a dozen of its Alberta community papers to digital-only platforms, aiming for more outsourcing deals and laying off employees. The announcement was made January 18, 2023, during an internal memo to staff that was obtained by The Canadian Press, describing the measures as a part of a "transformation plan geared toward managing costs". Later that day, Postmedia said it had also sold the Calgary Herald building for $17.23 million to U-Haul Co. after trying to sell it for nearly a decade.[19]

    In July 2023, Postmedia Network Canada Corp. and Nordstar Capital LP announced that merger discussion between the two newspaper publishers will not continue.[20]

    On May 27, 2024, Postmedia announced that it would sell the Winnipeg Sun, the Portage la Prairie Graphic Leader, Kenora Miner and News, and company's Winnipeg printing operations to politician and former Sun publisher Kevin Klein.[21][22]

    Operating branch[edit]

    Postmedia News is the news branch of Postmedia Network, providing similar content to all of its subsidiary news outlets and websites. It is identified as a source on all of its subsidiary newspapers.[23] The news agency provides news, sports, entertainment, photography, financial and feature information and data to Postmedia Network's Canadian newspapers, online properties and a number of third party clients in Canada and the United States.[citation needed]

    Criticism[edit]

    Ties to right wing politics[edit]

    In October 2018, it was reported that CEO Andrew MacLeod had declared the company "insufficiently conservative". That resulted in Kevin Libin, who had played an active role in defeating a union drive at the paper earlier that year,[24] taking charge of all political reporting and analysis in Postmedia newspapers to ensure the newspapers became more "reliably conservative."[25][26] In June 2019, Kevin Libin, comments editor and editorials editor of the National Post and Financial Post and a founding editor of Western Standard, was assigned “executive editor of Postmedia politics".[4] The role focuses on the coverage of federal politics in the National Post. In addition, it focuses on the coverage of federal and provincial politics in all of the dailies owned by Postmedia.[26]

    In November 2019, Postmedia announced that 66% of its shares were now owned by Chatham Asset Management, an American media conglomerate which owns American Media, Inc. and is known for its close ties to the Republican party.[27][28]

    Centralization and lack of localization[edit]

    The creation of the Postmedia Network effectively concentrates more than 90 percent of all Canadian dailies and weeklies in one company, a fact lamented by J-Source, a Canadian media watchdog, in a 2015 online article.[29]

    Margo Goodhand, a former Edmonton Journal editor-in-chief, wrote in a 2016 Walrus article that Postmedia executives were behind the outsourcing of Postmedia content to a site within an office in Canada for the sake of producing “Regina Leader-Post sports pages, Arts fronts for the Montreal Gazette, editorial pages for the Vancouver Sun”.[26][30] In a 2020 article by The New York Times, it was reported journalists had attested that since Chatham Asset Management took over, Postmedia had centralized operations and cut staff so that its 106 newspapers were essentially clones of one another.[31]

    Relationship with the government[edit]

    On November 27, 2018, The Competition Bureau applied for a court evaluation contesting Postmedia's claims of solicitor-client privilege, for records seized by the bureau during raids at the company's offices.[32] In March 2018, the Competition Bureau issued a court filing accusing Postmedia and Torstar of structuring the deal they made together with no-compete clauses in an effort to reduce competition in the newspaper industry in violation of the Competition Act.[33][34]

    According to Marc Edge, author of The Postmedia Effect, the network received $9.9 million in government financial assistance in 2022. In the same year, Postmedia's operating income was only $13 million.[35]

    Treatment of staff[edit]

    In 2016, Paul Godfrey took a $900,000 bonus during a time when Postmedia laid off staff company-wide.[36] CFO Doug Lamb received $450,000, COO Andrew MecLeod $425,000, legal and general counsel Jeffrey Harr $300,000, and National Post president Gordon Fisher $200,000. Unions representing Canadian journalists wanted the Postmedia executives to reject the total $2,275,000 as the newspaper chain continued to cut staff.[37]

    Assets[edit]

    Advertising[edit]

    Publishing[edit]

    Broadsheet dailies and weeklies[edit]

    Tabloid dailies[edit]

    Community newspapers[edit]

    Postmedia owns newspapers that serve smaller communities across Canada, including:

    Former assets[edit]

    Magazines[edit]

    Online[edit]

    In addition, Postmedia Network owns all websites associated with all properties listed on this page either wholly or in partnership.

    Software[edit]

    See also[edit]

    Other media groups in Canada include:

    Related articles[edit]

    References[edit]

    1. ^ "Postmedia Reports Fourth Quarter Results". Postmedia Network Canada Corp. October 21, 2022. Archived from the original on October 26, 2022. Retrieved July 16, 2023. section 14
  • ^ 2021 Annual Information Form (PDF), Postmedia Network Canada Corp., 2021, archived (PDF) from the original on May 23, 2022, retrieved January 3, 2022
  • ^ "Federal Corporation Information". Corporations Canada. Archived from the original on August 11, 2020. Retrieved May 28, 2020.
  • ^ a b Craig, Sean (August 12, 2019). "You Must Be This Conservative To Ride: The Inside Story of Postmedia's Right Turn". CANADALAND. Archived from the original on December 16, 2019. Retrieved August 12, 2019.
  • ^ "Contact Us | Postmedia". postmedia.com. Archived from the original on September 29, 2022. Retrieved October 26, 2022.
  • ^ a b "Postmedia revamps Ottawa Citizen's digital service" Archived July 8, 2022, at the Wayback Machine. CBC News, May 20, 2014.
  • ^ "Postmedia Fiscal 2020 Q1 financial report" (PDF). Archived (PDF) from the original on November 24, 2021. Retrieved February 16, 2020. on page 15 under 'Related Party Transactions'
  • ^ a b c d Olive, David (January 23, 2015). "Postmedia and the heavy price it pays to survive: Olive". Toronto Star. Archived from the original on July 8, 2022. Retrieved February 22, 2016.
  • ^ a b c d Flavelle, Dana (October 6, 2014). "Postmedia buys 175-paper Sun Media for $316 million". Toronto Star. Retrieved May 27, 2024.
  • ^ Competition Bureau will not challenge Postmedia’s acquisition of Sun Media Archived September 23, 2015, at the Wayback Machine. Competition Bureau, March 25, 2015.
  • ^ "Postmedia purchase of Quebecor's Sun Media OK'd by Competition Bureau". CBC News. Archived from the original on August 15, 2020. Retrieved March 25, 2015.
  • ^ Bradshaw, James (April 13, 2015). "Postmedia-Sun Media deal officially closes". The Globe and Mail. Archived from the original on March 27, 2017. Retrieved September 8, 2017.
  • ^ "Five things to know with Canada's news media industry under public policy review". CityNews Toronto. June 21, 2016. Archived from the original on December 22, 2017. Retrieved December 21, 2017.
  • ^ "Postmedia to close community newspapers in Stratford, London, St. Thomas". CBC News. November 27, 2017. Archived from the original on November 28, 2017. Retrieved November 27, 2017.
  • ^ Krashinsky Robertson, Susan (November 27, 2017). "Torstar, Postmedia swap community papers, most to close". The Globe and Mail. Archived from the original on November 27, 2017. Retrieved November 27, 2017.
  • ^ Healing, Dan (June 26, 2018). "Postmedia to close more local newspapers, cut staff by 10 per cent". Ottawa Citizen. Canadian Press. Archived from the original on June 26, 2018. Retrieved June 26, 2018.
  • ^ a b c d Sagan, Aleksandra (April 28, 2020). "Postmedia to lay off 80, permanently close 15 newspapers amid coronavirus fallout". Toronto CityNews. Archived from the original on January 11, 2023. Retrieved January 11, 2023.
  • ^ "Postmedia to Acquire Brunswick News Inc. and Extend Maturity of its First and Second Lien Notes". Postmedia. February 17, 2022. Archived from the original on February 18, 2022. Retrieved February 18, 2022.
  • ^ Deschamps, Tara (January 18, 2023). "Postmedia announces plan to move 12 Alberta papers to digital-only, layoff staff". Toronto Star. Archived from the original on January 18, 2023. Retrieved January 19, 2023.
  • ^ Evans, Pete (July 10, 2023). "Merger talks between Postmedia and Toronto Star owner fall apart". CBC News. Archived from the original on August 6, 2023. Retrieved August 6, 2023.
  • ^ "Postmedia selling the Winnipeg Sun, the Graphic Leader, and Kenora Miner & News". CTV News Winnipeg. May 27, 2024. Retrieved May 27, 2024.
  • ^ Froese, Ian (May 27, 2024). "Former PC cabinet minister Kevin Klein buying Winnipeg Sun from Postmedia". CBC News. Retrieved May 27, 2024.
  • ^ "Postmedia News | National Post". National Post. Archived from the original on May 9, 2024. Retrieved October 24, 2020.
  • ^ Yelland, Tannara (June 6, 2018). "How Postmedia Defeated A Union Drive At The National Post". CANADALAND. Archived from the original on October 24, 2020. Retrieved October 23, 2020.
  • ^ "Postmedia's employees should stand up to their right-wing bosses". National Observer. August 27, 2019. Archived from the original on November 7, 2020. Retrieved October 23, 2020.
  • ^ a b c Subramanian, Sarmishta (August 6, 2019). "The new worry about the next election: your daily news". Maclean’s Magazine. Archived from the original on December 17, 2019. Retrieved January 1, 2020.
  • ^ "Postmedia Fiscal 2020 Q1 financial report" (PDF). Archived (PDF) from the original on November 24, 2021. Retrieved February 16, 2020. section 14
  • ^ "Behind Trump Tabloid King, a Connected and Flush Hedge Fund". Bloomberg. August 30, 2018. Archived from the original on December 20, 2019. Retrieved February 15, 2020.
  • ^ Baluja, Tamara (November 29, 2013). "Diversity of Media Ownership Literally Non-existent in Canada". J-Source. Archived from the original on July 8, 2022. Retrieved August 16, 2019.
  • ^ Goodh, Margo (February 4, 2016). "Above the Fold". The Walrus. Archived from the original on January 1, 2020. Retrieved January 1, 2020.
  • ^ Lee, Edmund (July 16, 2020). "Under Hedge Fund Set to Own McClatchy, Canadian Newspapers Endured Big Cuts". The New York Times. Archived from the original on April 18, 2022. Retrieved May 1, 2022.
  • ^ Carney, Bryan (February 5, 2019). "Torstar (Again) Blocks Release of Evidence in Conspiracy Case". The Tyee. Archived from the original on March 6, 2019. Retrieved March 4, 2019.
  • ^ Jackson, Emily (March 22, 2018). "Competition Bureau's concerns over Postmedia-Torstar newspaper swap revealed in court filing". Financial Post. Archived from the original on April 6, 2018. Retrieved April 6, 2018.
  • ^ Milstead, David (March 22, 2018). "Torstar, Postmedia and the arrogance of the deal". The Globe and Mail. Archived from the original on April 5, 2018. Retrieved April 6, 2018.
  • ^ Edge, March (June 13, 2023). "Postmedia is in a crash dive – Ottawa should let it decline". The Globe and Mail. Archived from the original on June 14, 2023. Retrieved June 15, 2023.
  • ^ Bradshaw, James (November 23, 2016). "Postmedia executives receive $2.3-million in retention bonuses". The Globe and Mail. Archived from the original on July 8, 2022. Retrieved August 16, 2019.
  • ^ Woodhouse, Kristin (November 24, 2016). "Unions demand Postmedia executives reject $2.3 million in bonuses". vancouver.citynews.ca. Archived from the original on January 18, 2023. Retrieved January 18, 2023.
  • ^ a b c d e Telecom; Media (November 27, 2017). "'The alarm bells should go off:' Postmedia, Torstar deal will see 36 community papers closed - Financial Post". Archived from the original on March 24, 2019. Retrieved March 23, 2019.
  • External links[edit]


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