Category Archives: News Paper & Publishing

Black Press Group acquires Boulevard Magazine

Source: vicnews.com

Black Press is pleased to announce today (June 13) that it has acquired Boulevard Magazine and related products from Boulevard Lifestyles Inc.

Boulevard Magazine has been Victoria’s leading lifestyle publication for more than 23 years,” said Rick O’Connor, Black Press President and CEO. “We are delighted to be adding this important title to our product mix of community publications and magazines serving Victoria and Vancouver Island.”

Boulevard Magazine will join a group of other magazines, periodicals and special publications currently published by Black Press. All employees of Boulevard are being retained and no changes are anticipated with respect to the publication.

Boulevard Magazine was acquired in July 2008 by Boulevard Lifestyles Inc., a company wholly owned by John Simmons. During the past  five years, the magazine has increased its publishing calendar to monthly from its original six times per year. At the same time, the company has established a foothold in custom publications including projects for United Way of Greater Victoria, Victoria Foundation and Victoria Hospitals Foundation.

“The staff at Boulevard has done an excellent job in each of its publications,” said Simmons. “I both appreciate their efforts and know that they will thrive in the Black Press organization.”

The transaction is effective immediately.

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Chicago Sun-Times lays off its photo staff

Source: my.chicagotribune.com

By Robert Channick, Tribune staff reporter

The Chicago Sun-Times has laid off its entire photography staff, and plans to use freelance photographers and reporters to shoot photos and video going forward, the newspaper said.

A total of 28 full-time staffers received the news Thursday morning at a meeting held at the Sun-Times offices in Chicago, according to sources familiar with the situation. The layoffs are effective immediately.

The newspaper released a statement suggesting the move reflected the increasing importance of video in news reporting:

“The Sun-Times business is changing rapidly and our audiences are consistently seeking more video content with their news. We have made great progress in meeting this demand and are focused on bolstering our reporting capabilities with video and other multimedia elements. The Chicago Sun-Times continues to evolve with our digitally savvy customers, and as a result, we have had to restructure the way we manage multimedia, including photography, across the network.”

read the entire story here

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Winnipeg Free Press restricts online comments to subscribers in effort to reduce “digital diatribe”

Source: j-source.ca

The Winnipeg Free Press is restricting its online comments to print and online subscribers in an effort to keep “the e-party going without the party-crashers.”

The newspaper’s editor Paul Samyn said the new commenting policy designed to reduce the “digital diatribe” will go into effect on June 3.

“The thinking behind our policy change is the bulk of the ugliness that lands from time to time on our website comes from those abusing the “free” in Free Press to engage in gutter talk or worse on our no-cost forum,” he said. “There will no doubt be some who will accuse the Free Press of limiting their right to free speech, or complain that we’re not living up to the “free” in Free Press. They, of course, are entitled to their opinion, but, just for the record, there are no charter rights requiring us to have their voice heard at our water cooler.”

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Conrad Black’s comments fuel speculation about return to Canadian media

Source: theglobeandmail.com

Conrad Black and Warren Buffett have something in common – they both think newspapers are undervalued.

As newspapers across North America frantically build paywalls to charge their online customers and cut back on their publishing schedules and staff to reduce costs, the former publisher says there’s still value in the industry if it’s run the right way.

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The glitch in Postmedia’s digital switch

Source: theglobeandmail
read entire story here

Paul Godfrey escorted directors of Postmedia Network Canada Corp. (PNC.A-T10.00—-%) on a tour of the Calgary Herald earlier this year to showcase the struggling newspaper company’s digital future.

The Postmedia chief executive officer presented a remodelled newsroom where teams juggled written and visual content for the Herald’s websites, social media platforms such as Twitter and its 128-year old newspaper. The Herald has been so much “quicker off the mark” with digital initiatives, Mr. Godfrey said, that it is now one of the company’s most profitable divisions, and a beacon for change at Canada’s largest newspaper publisher.

read entire story here

 

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Postmedia feels impact of ‘slow and sporadic’ economic recovery, posts Q3 loss

Source: winnipegfreepress.com

TORONTO – Postmedia Network Canada Corp. lost $3.9 million in its third quarter as the newspaper and digital publisher pulled in less print advertising revenues and had higher expenses.

The owner of the National Post newspaper and other major media properties said the loss amounted to 10 cents per share on $259 million in revenue, mainly from advertising, for the three months ended May 31.

The company said Tuesday that consumer confidence was shaky during the quarter and advertisers responded by holding back.

“I think that we’ve had a couple of quite good months and then you have one bad month. We don’t seem to have any real trend taking place,” Postmedia CEO Paul Godfrey said on a conference call, describing the situation as “choppy.”

Godfrey said national advertising was up, but retail classified ads were down, as retailers dealt with consumers worried a recession could return, and the HST in British Columbia deterred shoppers from making big-ticket purchases.

“There’s a lot of uncertainty out there which I think is creating people to sit on their hands for a while,” he said.

He said Postmedia (TSX:PNC.A), is seeing some signs of improvement in the early weeks of the fourth quarter, but revenue visibility “remains poor.”

Godfrey’s comments echo those made by rival Torstar Corp. (TSX:TS.B). The publisher of the Toronto Star also reported lower print advertising revenues during its first quarter in May, saying it is hard to predict the print advertising environment and the pace of economic recovery.

Year-earlier figures for Postmedia aren’t directly comparable because the newspapers were still part of Canwest, which was undergoing a court-supervised restructuring that saw its television assets go to Shaw Communications (TSX:SJR.B) and its newspaper division going to creditors that helped form Postmedia.

In the third quarter of its 2010 financial year, the Canwest papers recorded a profit of $40.6 million with $270 million of revenue. In the first nine months of its 2010 financial year, the company reported a $94.9-million profit and $811 million in revenues.

For the first nine months of its 2011 financial year, which ended May 31, Postmedia lost $10.6 million or 26 cents per share on $788 million in revenue.

Postmedia, which began trading on the Toronto Stock Exchange last month, recorded an $11-million loss on debt prepayment, versus zero in the same quarter last year.

Godfrey said the company’s team is focused on new approaches for delivering content, and providing solutions for advertisers and marketers, repaying debt and accelerating revenue generating opportunities.

The company owns 11 English-language daily newspapers including the National Post, Vancouver Sun and Ottawa Citizen as well as the Canada.com website, online versions of its daily papers and deal-a-day website SwarmJam.com.

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