Pressure from a decline in print advertising revenue continued to push down Postmedia Network Inc.’s sales in the last quarter, but the media company kept its operating results in check with an almost equal decrease in spending during the period.
Postmedia Network Canada Corp. moved to eliminate positions in four of its divisions Thursday, including at website Canada.com, as the media chain continues to consolidate its national newsgathering and reduce costs.
“National content creation has been centralized at National Post,” said Phyllise Gelfand, vice-president of communications at Postmedia. The move was consistent with previous cost-cutting initiatives, she said, as the company works to strengthen national content creation for the chain by leveraging the National Post newsroom.
TORONTO — The Sun News Network went off the air at 5 a.m. ET Friday after negotiations to sell the troubled television channel were unsuccessful.
No on-air announcement was made as the screen went dark and was replaced moments later with the Sun TV logo.
The closure of the conservative-angled news channel follows months of uncertainty surrounding its fate, after Postmedia Network Canada Corp. (the owner of the National Post) announced plans to purchase the Sun Media newspapers and websites from Quebecor for $316 million.
Peter KuitenbrouwerAfter a successful career as a journalist in India including a stint at the Hindustan Times, twelve years ago Jaspal Singh Shetra moved to Toronto. He bought a little Punjabi-language newspaper in Mississauga. A few years later he noticed that 65% of his costs went to his printing bill.
Canada’s largest chain of big-city English-language daily newspapers is eliminating the role of local publishers at its papers as part of a move to centralize more of the company’s business operations.
Postmedia Network Canada Corp., which owns the National Post and nine other major English-language dailies, announced the move in an internal memo to employees Tuesday.
Canadian National Railway is looking to tap into the growing North American demand for shale gas by launching service this fall to a new frac sand terminal being built in northwestern Alberta.
The railway said Wednesday it has signed an agreement with Di-Corp, a distributor of specialty chemicals and equipment to the mining industry, that is building a facility to handle the material used in the hydraulic fracturing process that is growing in popularity, particularly in the United States.
The Canadian Forces will develop a network of sites throughout the Arctic in order to stockpile equipment if needed and move troops and gear quickly into the region in case of emergency, according to documents obtained by Postmedia News.
The military hopes to have the sites in place by 2018, with the concept tested in the coming weeks.
“A series of Northern Operations Hubs will be created with the view to facilitate initial rapid deployment and up to 30 days sustained operations in the North,” wrote Lt.-Gen. Stuart Beare in outlining his plan, produced in August 2013.
OTTAWA — European exporters will save about three times the amount of duty payments compared with their Canadian counterparts in a landmark free-trade agreement, The Canadian Press has learned.
Sources say European Union exporters will save more than $670 million annually in duty payments compared with about $225 million annually for Canada’s.
That apparent win for European exporters is contained in an internal EU analysis of its sweeping agreement-in-principle with Canada, sources say.