Tausi Insider

Postmedia Network Canada Corp.'s changes come a week after the company posted a deep quarterly loss. Chris Young/The Canadian Press Postmedia Network Canada Corp. PNC-A-T will move 12 Alberta community newspapers to a digital-only format and lay off employees in the months ahead, according to an internal memo sent on Wednesday. “This is absolutely not a reflection on the hard work and contributions they have made to our company but rather an outcome of economic contraction that has affected so many companies globally and the inherent challenges of our industry,” wrote Postmedia president and chief executive Andrew MacLeod. In a townhall Wednesday, Mr. MacLeod said the areas affected will include editorial, sales, production and distribution. He told employees that inflation and revenue declines have combined to create a “perfect storm” for the company, which owns more than 120 media properties, including the National Post, Vancouver Sun and Montreal Gazette. Canadian companies Li...

Postmedia Network Canada Corp. PNC-B-T will lay off 11 per cent of its 650 editorial employees, the company said Tuesday, as it contends with rising costs and declining advertising and circulation revenue. The media company, which owns more than 130 brands including the National Post, announced the cuts at an employee town hall. “There’s no question that we are in an existential fight for our lives,” said acting senior vice-president of editorial Gerry Nott, according to a recording obtained by Tausi Insider. “I do think that we’re transforming … It’s clear to me that we need to hasten the speed.” The restructuring will affect all titles across the chain, except for those acquired from Brunswick News last year, Mr. Nott said. Postmedia did not immediately return a request for comment. The details follow a company memo last week stating an unspecified number of roles will be eliminated over the coming months through layoffs and by not filling job vacancies. The sales, editorial, produ...

Postmedia Network Canada Corp. PNC-B-T will lay off 11 per cent of its 650 editorial employees, the company said Tuesday, as it contends with rising costs and declining advertising and circulation revenue. The media company, which owns more than 130 brands including the National Post, announced the cuts at an employee town hall. “There’s no question that we are in an existential fight for our lives,” said acting senior vice-president of editorial Gerry Nott, according to a recording obtained by Tausi Insider. “I do think that we’re transforming … It’s clear to me that we need to hasten the speed.” The restructuring will affect all titles across the chain, except for those acquired from Brunswick News last year, Mr. Nott said. Postmedia did not immediately return a request for comment. The details follow a company memo last week stating an unspecified number of roles will be eliminated over the coming months through layoffs and by not filling job vacancies. The sales, editorial, produ...