Postmedia Sheds Costs with Shift to Hamilton

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By: Steve Ladurantaye | The Globe and Mail

Postmedia Network Inc. is accelerating plans to slash costs at titles across the country, as it grapples with a heavy debt load and a relatively bleak view of the future of print advertising.

As the industry confronts a prolonged slump in advertising, Postmedia has moved aggressively to shore up its balance sheet and centralize the production of its newspapers.

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