Postmedia Loses $50M in Fourth Quarter

Posted Monday, October 27, 2014 7:48 am

By: thestar.com

Postmedia Network Canada Corp. (TSX:PNC.B) (TSX:PNC.A) says its losses deepened in the fourth quarter as revenues dropped 13 per cent, weighed down by weaker print and digital advertising sales.

The Toronto-based media company, owner of several newspapers and websites including the National Post, says it had a $49.8 million net loss, or $1.24 per share in the most recent quarter ended Aug. 31.

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Postmedia Loses $50M in Fourth Quarter

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