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Postmedia and Wise Publishing announce new partnership

From News Media Canada website: 26 MAY 2021 Postmedia announced earlier this week that it has made a strategic equity investment for a minority position in Wise Publishing, which is a fast-growing Canada-based personal finance publisher that owns websites including...

Postmedia delivers parcels now

20 MAY 2021 (From News Media Canada website) Postmedia has announced it is building a national distribution network for small parcel delivery. Postmedia Parcel Services, a new division of Postmedia, will leverage its extensive distribution network to expand its...
Buyouts offered at PNG

Buyouts offered at PNG

Today letters went out to employees at the Victoria Times Colonist, Vancouver Sun and The Province announcing buyouts. Over the past week Postmedia has been cutting jobs at its newspapers across Canada. Positions have been chopped at the Calgary Herald and Edmonton...
Buyouts offered at PNG

Questions for Canwest buyers

Here’s wishing at least one business reporter would ask some questions about the deal to buy Canwest newspapers, rather than simply repeating what’s in company press releases. On Wednesday, less than 24 hours before creditors were supposed to get together to approve a...

Too much debt, again

The sale of Canwest’s newspapers, approved in principle last week by a bankruptcy judge in Toronto, to an ad hoc committee of bondholders, mostly based in the USA, does little to reassure 1,700 members of Canada’s largest media union who work for the...