Postmedia loss deepens

Source: theglobeandmail.com

Losses deepened at Postmedia Network Canada Corp. in the last quarter, as national and classified advertising in its newspapers continued to decline.

The publisher –which owns such big-city metros such as the Ottawa Citizen, Montreal Gazette and Calgary Herald in addition to the National Post – said it lost $14.2-million in its second quarter, compared with $11.1-million a year ago.

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