Postmedia to lay off 11 per cent of editorial staff amid rising costs, declining advertising

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 restructuring will affect all titles across the chain, except for those acquired from Brunswick News last year, Mr. Nott said.a company memo last week Other cost-saving measures announced last week include moving a dozen Alberta community newspapers to a digital-only format starting at the end of February, selling a building in Saskatoon, and subleasing offices in Regina. All employees in Saskatchewan will permanently work remotely. Separately, the company said last week it sold the Calgary Herald building for $17.25-million to U-Haul Co.

The changes are just the latest in a series of cost-cutting measures at Postmedia over the past few years amid a profound shift in reader habits and in the business model for news. Print advertising and circulation revenue have long been in decline, and newspapers are trying to adjust by growing digital ad revenue—an area dominated by Google and Facebook—and by developing new income streams.

Got greedy and eliminated local news reporting. No one wants wire stories from yesterday.

Learn to code

So..a little less clickbait

Hmmmm. Maybe it’s the bias. Have they considered that the advertising decline coincides with their partisan approach? Yo, Rex Murphy, yer killin’ jobs, bye. Con - you’re a fraud artist - and DJT had his fingers crossed behind his back when he pardoned ya.

Their publications are garbage!

Even with “Justin” money? That’s evidence of something 🤔

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Postmedia to lay off 11 per cent of staff, sources sayPostmedia to layoff 11% of staff, sources say The job cuts comes days after the company announced it had sold the Calgary Herald building and would move a dozen of its Alberta community newspapers to digital-only formats. Sucks to hear. Hope nobody at TSN1050Radio is affected Judges, lawyers and cops are proof that there is no rule of law in Canada. They do things that would put normal people in jail or have consequences. Local media has ignored this problem ruthlessly and helped these bad actors stay hidden. For example: That's too bad because the National Post is a REAL newspsper
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