Postmedia Network Reports First Quarter Results

Posted Wednesday, January 11, 2012 7:59 am

By: Press Release | MarketWatch

TORONTO, Jan 11, 2012 (BUSINESS WIRE) — Postmedia Network Canada Corp. ("Postmedia" or "the Company") today released financial information for the first quarter ended November 30, 2011.

First Quarter Operating Results

Net earnings in the quarter ended November 30, 2011 were $28.3 million compared to $6.0 million in the same period in the prior year. The increase was due to an increase in net earnings from continuing operations as well as the gain resulting from the transaction with affiliates of Glacier Media Inc. ("Glacier") announced previously.

Net earnings from continuing operations in the quarter ended November 30, 2011 were $14.3 million, an increase of $9.7 million compared to the same period in the prior year.

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Postmedia Network Reports First Quarter Results

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