Print cuts to move towards digital at Postmedia

Postmedia Network Canada Corp. is cutting production at three large dailies in order to reinvest in digital platforms, Gigaom reported.

Canada’s largest daily newspaper chain will cease publishing the Sunday editions of The Citizen in Ottawa, The Herald in Calgary and The Journal in Edmonton. Meanwhile, the National Post, in Toronto, will suspend Monday publications for the summer, as it has done since 2009. The changes were announced in an internal memo to Postmedia staff this week, obtained by The Huffington Post.
The company also plans to centralise design and pagination work to a Postmedia venture in Hamilton, Ontario. “As well as further expand our operation to accommodate more editorial production and focus on creating local content,” said CEO Paul Godfrey, according to an interview with Globe and Mail reporter Steve Ladurantaye.
On the other hand, plans to install online paywalls for some newspapers are being accelerated, after testing the model on the websites of the Montreal Gazette and the Victoria Times-Colonist. 

“Newspapers are going to need this going forward. It’s only a matter of time,” Godfrey stated last October in Globe and Mail.
Godfrey said that the number of people being laid off across the company will vary from place to place and it is still under review.

“We understand that Postmedia is facing financial challenges, but we believe the company can only turn things around by investing in its product rather than by cutting jobs,” said Martin O’Hanlon, director of Communications Workers of America in Canada. “If we’ve learned anything over the last few years, it’s that cutting jobs only hurts quality and that does nothing to attract readers.”
Postmedia reported a loss of C$11 million in the last quarter, and carries a debt of about $516 million, the Globe and Mail reported. Some of the decline in advertising revenue is due to “foreign companies, who, without any regulation, are accessing Canadian audiences and eroding Canadian media revenues,” declared Godfrey.
Postmedia was founded in 2010 by former creditors of the bankrupt newspaper unit of Canwest Global Communications Corp., the Media Briefing reported. Postmedia’s other newspapers include the Vancouver Province, the Vancouver Sun, the Regina Leader-Post, the Saskatoon StarPhoenix and the Windsor Star, as well as the online news and information portal.
 Image: The Star
This entry was posted in cuts, digital, Postmedia, print. Bookmark the permalink.

1 Response to Print cuts to move towards digital at Postmedia

  1. Their new digital printing sounds interesting because it's the emerging printing trend these days. I've had some offset printing in Sydney and I am impressed with the vibrant and well-defined colors of the pictures.

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