Postmedia earnings out. Lost $11-million, blames most of it on $15-million in restructuring charges.Though a little more slowly:
— Steve Ladurantaye (@sladurantaye) January 9, 2014
Postmedia's 1Q revenue was down 8.4% to $194M, bit of a slower decline than past few quartersAnd what is to blame?
— Christine Dobby (@christinedobby) January 9, 2014
Postmedia 1QFY2014: “The largest contributor to revenue declines in the first quarter was classified print advertising which was down 24%.”
— matthew braga (@mattbraga) January 9, 2014
1 comment:
I wish I could lament their loss. At some point we may realize that the market for information will always be more robust than what we'll pay for messaging from a corporate media cartel.
If we're to have a chance of restoring a viable, free press in Canada we have to dismember this corporate media cabal while there's still time.
Oddly enough the Green Party advocates just that. Justin and Tommy, seemingly content with our democratic deficit, won't.
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