{{short description|Canadian media company}} {{DISPLAYTITLE:Postmedia Network}} {{use Canadian English|date=September 2020}} {{use mdy dates||date=September 2020}} {{Infobox company | name = Postmedia Network Canada Corp. | logo = Postmedia Logo 01.2020.svg | logo_size = 250px | former_name = Canwest Limited Partnership (2000–2010) | type = Public | traded_as = {{ubl|{{TSX|PNC.A}}|{{TSX|PNC.B}}}} | predecessor = Canwest | key_people = | industry = Mass media | products = Newspapers, media websites, news content | revenue = {{increase}} $458.2 million CAD (2022)<ref>{{cite web|url=https://www.postmedia.com/2022/10/21/postmedia-reports-fourth-quarter-results-8/|title=Postmedia Reports Fourth Quarter Results|date=21 October 2022|publisher=Postmedia Network Canada Corp.|access-date=July 16, 2023|archive-date=October 26, 2022|archive-url=https://web.archive.org/web/20221026072444/https://www.postmedia.com/2022/10/21/postmedia-reports-fourth-quarter-results-8/|url-status=live}} section 14</ref> | operating_income = | net_income = | owner = {{Unbulleted list|Chatham Asset Management (63.12%)|Allianz Global Investors (16.97%)|Leon Cooperman (13.28%)}}<ref>https://www.marketscreener.com/quote/stock/POSTMEDIA-NETWORK-CANADA--42378696/company-shareholders| Major Sharholders Postmedia Network Canada Corp. Retrieved March 13, 2025</ref> | num_employees = 2,006<ref>{{citation|url=https://www.postmedia.com/wp-content/uploads/2021/11/AIF-2021-FINAL.pdf|title=2021 Annual Information Form|publisher=Postmedia Network Canada Corp.|date=2021|access-date=January 3, 2022|archive-date=May 23, 2022|archive-url=https://web.archive.org/web/20220523165638/https://www.postmedia.com/wp-content/uploads/2021/11/AIF-2021-FINAL.pdf|url-status=live}}</ref> | parent = | homepage = {{URL|https://postmedia.com}} | footnotes = | foundation = {{start date and age|2010|7|13}} | location = 365 Bloor Street East<br />Toronto, Ontario<br />M4W 3L4 | market cap = }}
'''Postmedia Network Canada Corp.'''<ref name="Corporations Canada">{{cite web |url=https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=7535538&V_TOKEN=1590706767108&crpNm=Postmedia+Network&crpNmbr=&bsNmbr= |title=Federal Corporation Information |work=Corporations Canada |access-date=2020-05-28 |archive-date=August 11, 2020 |archive-url=https://web.archive.org/web/20200811135101/https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpDtls.html?corpId=7535538&V_TOKEN=1590706767108&crpNm=Postmedia+Network&crpNmbr=&bsNmbr= |url-status=live }}</ref> (also known as '''Postmedia Network''', '''Postmedia News''' or '''Postmedia''') is a Canadian-based media conglomerate majority-owned by American investors, consisting of the publishing properties of the former Canwest, with primary operations in English-language newspaper publishing, news gathering and Internet operations. It is best known for being the owner of the ''National Post'' and the ''Financial Post''. It owns and operates over more than 130 print and digital news titles across Canada.<ref>{{Cite web |last=Noël |first=Caroline |date=2023-09-09 |title=Paper Rout |url=https://reviewcanada.ca/magazine/2023/10/paper-rout/ |access-date=2025-04-13 |website=Literary Review of Canada |language=en-US}}</ref><ref name=":2">{{cite web |title=Contact Us {{!}} Postmedia |url=https://www.postmedia.com/contact-us/ |url-status=live |archive-url=https://web.archive.org/web/20220929050028/https://www.postmedia.com/contact-us/ |archive-date=September 29, 2022 |access-date=26 October 2022 |website=postmedia.com}}</ref>
The company's strategy has seen its publications invest greater resources in digital news gathering and distribution, including expanded websites and digital news apps for smartphones and tablets.<ref name=citizen>[http://www.cbc.ca/news/business/postmedia-revamps-ottawa-citizen-s-digital-service-1.2648645 "Postmedia revamps Ottawa Citizen's digital service"] {{Webarchive|url=https://web.archive.org/web/20220708032717/https://www.cbc.ca/news/business/postmedia-revamps-ottawa-citizen-s-digital-service-1.2648645 |date=July 8, 2022 }}. CBC News, May 20, 2014.</ref> This began with a revamp and redesign of the ''Ottawa Citizen'', which debuted in 2014.<ref name=citizen/>
Approximately two-thirds of the equity in Postmedia is owned by the media-focused American hedge fund Chatham Asset Management.<ref name=q1fin /> Under Canadian media ownership laws, Chatham can only elect one-third of Postmedia's board and is not permitted to directly control its operations, though the extent of Chatham's involvement has been disputed.<ref name="nyt-chatham" /> Postmedia publications are known for having a conservative editorial stance.<ref name=":0">{{Cite web |last=Craig |first=Sean |date=August 12, 2019 |title=You Must Be This Conservative To Ride: The Inside Story of Postmedia's Right Turn |url=https://www.canadalandshow.com/the-conservative-transformation-of-postmedia/ |url-status=live |archive-url=https://web.archive.org/web/20191216045639/https://www.canadalandshow.com/the-conservative-transformation-of-postmedia/ |archive-date=December 16, 2019 |access-date=2019-08-12 |website=CANADALAND}}</ref> The company is headquartered at Postmedia Place on Bloor Street in Toronto.<ref name=":2" />
==History== The ownership group was assembled by ''National Post'' CEO Paul Godfrey<ref name="thestar_2015" /> in 2010 to bid for the chain of newspapers being sold by the financially troubled Asper family's Canwest (the company's broadcasting assets were sold separately to Shaw Communications). Godfrey secured financial backing from a U.S. private equity firm, the Manhattan-based hedge fund GoldenTree Asset Management—which owns 35 per cent—as well as IJNR Investment Trust, Nyppex and other investors.<ref name="thestar_2015" /> The group completed a $1.1 billion transaction to acquire the chain from Canwest on July 13, 2010.<ref name="thestar_2015">{{cite web |author=Olive, David |date=January 23, 2015 |title=Postmedia and the heavy price it pays to survive: Olive |url=https://www.thestar.com/business/2015/01/23/postmedia-and-the-heavy-price-it-pays-to-survive-olive.html |url-status=live |archive-url=https://web.archive.org/web/20220708032715/https://www.thestar.com/business/2015/01/23/postmedia-and-the-heavy-price-it-pays-to-survive-olive.html |archive-date=July 8, 2022 |access-date=February 22, 2016 |website=Toronto Star |location=}}</ref>
On October 6, 2014, Postmedia's CEO Godfrey announced a deal to acquire the English-language operations of Sun Media.<ref name="thestar_2015" /><ref name="sun">{{Cite web |last=Flavelle |first=Dana |date=2014-10-06 |title=Postmedia buys 175-paper Sun Media for $316 million |url=https://www.thestar.com/business/postmedia-buys-175-paper-sun-media-for-316-million/article_8c9e1964-0dd2-5118-b0e7-fceb061a6857.html |access-date=2024-05-27 |website=Toronto Star |language=en}}</ref> The purchase received regulatory approval from the federal Competition Bureau on March 25, 2015,<ref>[http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/03898.html Competition Bureau will not challenge Postmedia’s acquisition of Sun Media] {{Webarchive|url=https://web.archive.org/web/20150923205747/http://www.competitionbureau.gc.ca/eic/site/cb-bc.nsf/eng/03898.html |date=September 23, 2015 }}. ''Competition Bureau'', March 25, 2015.</ref> even though the company manages competitive papers in several Canadian cities; while the Sun Media chain owns numerous other papers, four of its five ''Sun''-branded tabloids operate in markets where Postmedia already publishes a broadsheet competitor.<ref name=sun /> Board chair Rod Phillips has cited the Vancouver market, in which the two main daily newspapers, the ''Vancouver Sun'' and ''The Province'', have had common ownership for over 30 years, as evidence that the deal would not be anticompetitive.<ref name=sun /> It also The purchase did not include Sun Media's now-defunct Sun News Network.<ref name=sun /> The acquisition was approved by the Competition Bureau on March 25, 2015,<ref name=cbc-postmediaapproved>{{cite web|title=Postmedia purchase of Quebecor's Sun Media OK'd by Competition Bureau|url=http://www.cbc.ca/news/business/postmedia-purchase-of-sun-media-ok-d-by-competition-bureau-1.3008709|website=CBC News|access-date=March 25, 2015|archive-date=August 15, 2020|archive-url=https://web.archive.org/web/20200815170710/https://www.cbc.ca/news/business/postmedia-purchase-of-sun-media-ok-d-by-competition-bureau-1.3008709|url-status=live}}</ref> and closed on April 13.<ref>{{cite news |last=Bradshaw |first=James |date=April 13, 2015 |title=Postmedia-Sun Media deal officially closes |url=https://www.theglobeandmail.com/report-on-business/postmedia-sun-media-deal-officially-closes/article23895298/ |url-status=live |archive-url=https://web.archive.org/web/20170327222714/http://www.theglobeandmail.com/report-on-business/postmedia-sun-media-deal-officially-closes/article23895298/ |archive-date=March 27, 2017 |access-date=September 8, 2017 |newspaper=The Globe and Mail}}</ref>
In 2016, the company sought to restructure its compensation plans and reduce spending by as much as 20%, after reporting a net loss of $99.4 million, or 35 cents per diluted share, in the fourth-quarter ended Aug 31, compared with a $54.1 million net loss, or 19 cents per diluted share, in the same period a year earlier. This resulted in 90 newsroom staff losing their jobs.<ref>{{Cite news |date=June 21, 2016 |title=Five things to know with Canada's news media industry under public policy review |url=http://toronto.citynews.ca/2016/06/21/five-things-to-know-with-canadas-news-media-industry-under-public-policy-review/ |url-status=live |archive-url=https://web.archive.org/web/20171222105059/http://toronto.citynews.ca/2016/06/21/five-things-to-know-with-canadas-news-media-industry-under-public-policy-review/ |archive-date=December 22, 2017 |access-date=December 21, 2017 |work=CityNews Toronto |language=en-US}}</ref> Also in 2016, it was announced that the newsrooms of newspapers in Ottawa, Calgary, Edmonton and Vancouver, where Postmedia owns competing newspapers, would be merged into one newsroom per location while continuing to print each newspaper.<ref>{{Cite news |title=Postmedia integrating four major market newsrooms, including in Edmonton, following Sun acquisition |url=https://edmontonjournal.com/business/local-business/postmedia-integrating-four-major-market-newsrooms-including-in-edmonton-following-sun-acquisition |archive-url=https://web.archive.org/web/20210624024626/https://edmontonjournal.com/business/local-business/postmedia-integrating-four-major-market-newsrooms-including-in-edmonton-following-sun-acquisition |archive-date=2021-06-24 |access-date=2025-03-23 |work=edmontonjournal |language=en-CA}}</ref>
On November 27, 2017, Postmedia and Torstar announced a transaction in which Postmedia will sell seven dailies, eight community papers, and the Toronto and Vancouver ''24 Hours'' to Torstar, in exchange for 22 community papers and the Ottawa and Winnipeg versions of ''Metro''. Except for the ''Exeter Times-Advocate'', ''St. Catharines Standard'', ''Niagara Falls Review'', ''Peterborough Examiner'', and ''Welland Tribune'', all acquired papers will be closed.<ref>{{Cite news |date=November 27, 2017 |title=Postmedia to close community newspapers in Stratford, London, St. Thomas |url=http://www.cbc.ca/news/canada/london/ontario-newspapers-torstar-postmedia-metroland-buying-1.4420920 |url-status=live |archive-url=https://web.archive.org/web/20171128052028/http://www.cbc.ca/news/canada/london/ontario-newspapers-torstar-postmedia-metroland-buying-1.4420920 |archive-date=November 28, 2017 |access-date=November 27, 2017 |work=CBC News |language=en}}</ref><ref>{{Cite news |last=Krashinsky Robertson |first=Susan |date=November 27, 2017 |title=Torstar, Postmedia swap community papers, most to close |url=https://www.theglobeandmail.com/report-on-business/torstar-postmedia-swap-community-papers-many-to-close/article37092456/ |url-status=live |archive-url=https://web.archive.org/web/20171127184241/https://www.theglobeandmail.com/report-on-business/torstar-postmedia-swap-community-papers-many-to-close/article37092456/ |archive-date=November 27, 2017 |access-date=November 27, 2017 |work=The Globe and Mail}}</ref>
On June 26, 2018, Canadian Press reported that, by the end of August, Postmedia will be closing the ''Camrose Canadian'' in Camrose, Alberta, ''Strathmore Standard'' in Strathmore, Alberta, ''Kapuskasing Northern Times'' in Kapuskasing, Ontario, ''Ingersoll Times'' in Ingersoll, Ontario, ''Norwich Gazette'' in Norwich, Ontario and ''Petrolia Topic'' in Petrolia, Ontario. It will also cease printing the ''Portage Daily Graphic'' in Portage La Prairie, Manitoba, the ''Northern News'' in Kirkland Lake, Ontario, and ''Pembroke Daily Observer'' in Pembroke, Ontario while maintaining a digital presence for the three publications. As well, the ''High River Times'' in High River, Alberta will go from being published twice a week to once a week.<ref>{{cite news |last=Healing |first=Dan |date=June 26, 2018 |title=Postmedia to close more local newspapers, cut staff by 10 per cent |url=https://ottawacitizen.com/pmn/news-pmn/canada-news-pmn/postmedia-confirms-plans-to-close-163-year-old-pembroke-daily-observer/wcm/b3cbe18e-997a-4007-bc38-d1c6667ba3ea |url-status=live |archive-url=https://web.archive.org/web/20180626210930/http://ottawacitizen.com/pmn/news-pmn/canada-news-pmn/postmedia-confirms-plans-to-close-163-year-old-pembroke-daily-observer/wcm/b3cbe18e-997a-4007-bc38-d1c6667ba3ea |archive-date=June 26, 2018 |access-date=June 26, 2018 |work=Ottawa Citizen |agency=Canadian Press}}</ref>
During the COVID-19 pandemic, Postmedia laid off approximately 80 employees and permanently closed 15 community publications while navigating the financial strain of COVID-19. While the company utilized government subsidies, they claim they were unable to offset the decline in revenue.<ref name="Postmedia-layoffs">{{cite news |last=Sagan |first=Aleksandra |date=April 28, 2020 |title=Postmedia to lay off 80, permanently close 15 newspapers amid coronavirus fallout |website=Toronto CityNews |url=https://toronto.citynews.ca/2020/04/28/postmedia-to-lay-off-80-permanently-close-15-newspapers-amid-coronavirus-fallout/ |access-date=Jan 11, 2023 |archive-date=January 11, 2023 |archive-url=https://web.archive.org/web/20230111194310/https://toronto.citynews.ca/2020/04/28/postmedia-to-lay-off-80-permanently-close-15-newspapers-amid-coronavirus-fallout/ |url-status=live }}</ref>
Postmedia closed 15 community newspapers in Manitoba and Ontario's Windsor-Essex area as the publications were no longer financially sustainable.<ref name="Postmedia-layoffs" /> The publications included Manitoba's ''Altona Red River Valley Echo,'' ''Carman Valley Leader'', ''Gimli Intertake Spectator'', ''Morden Times'', ''Selkirk Journal'', ''Stonewall Argus & Teulon Times'', ''Winkler Times'', and ''The Prairie Farmer'', leaving Portage La Prairie as the company's community presence in the province.<ref name="Postmedia-layoffs" /> For Ontario, the closures included the ''Kingsville Reporter'', ''Lakeshore News'' (Windsor-Essex area), ''LaSalle Post'', ''Napanee Guide'', ''Paris Star'', ''Tecumseh Shoreline Week'', and ''Tilbury Times''.<ref name="Postmedia-layoffs" />
On February 17, 2022, Postmedia announced a definitive agreement to acquire Brunswick News Inc. (BNI). As well as several New Brunswick daily and weekly newspapers and "digital properties", BNI's assets included a parcel delivery business and "proprietary distribution software".<ref name="BNIpurchase">{{cite web |title=Postmedia to Acquire Brunswick News Inc. and Extend Maturity of its First and Second Lien Notes |url=https://www.postmedia.com/2022/02/17/postmedia-to-acquire-brunswick-news-inc-and-extend-maturity-of-its-first-and-second-lien-notes/ |website=Postmedia |access-date=18 February 2022 |date=17 February 2022 |archive-date=February 18, 2022 |archive-url=https://web.archive.org/web/20220218140903/https://www.postmedia.com/2022/02/17/postmedia-to-acquire-brunswick-news-inc-and-extend-maturity-of-its-first-and-second-lien-notes/ |url-status=live }}</ref>
In 2023, Postmedia announced it would be moving a dozen of its Alberta community papers to digital-only platforms, aiming for more outsourcing deals and laying off employees. The announcement was made January 18, 2023, during an internal memo to staff that was obtained by The Canadian Press, describing the measures as a part of a "transformation plan geared toward managing costs". Later that day, Postmedia said it had also sold the ''Calgary Herald'' building for $17.23 million to U-Haul Co. after trying to sell it for nearly a decade.<ref>{{cite news |last=Deschamps |first=Tara |date=Jan 18, 2023 |title=Postmedia announces plan to move 12 Alberta papers to digital-only, layoff staff |url=https://www.thestar.com/business/2023/01/18/canadian-press-newsalert-postmedia-sells-calgary-herald-building-for-1725m.html |url-status=live |archive-url=https://web.archive.org/web/20230118222018/https://www.thestar.com/business/2023/01/18/canadian-press-newsalert-postmedia-sells-calgary-herald-building-for-1725m.html |archive-date=January 18, 2023 |access-date=Jan 19, 2023 |work=Toronto Star}}</ref>
In July 2023, Postmedia Network Canada Corp. and Nordstar Capital LP announced that merger discussion between the two newspaper publishers will not continue.<ref>{{Cite web |last=Evans |first=Pete |date=July 10, 2023 |title=Merger talks between Postmedia and Toronto Star owner fall apart |url=https://www.cbc.ca/news/business/postmedia-nordstar-1.6902175 |url-status=live |archive-url=https://web.archive.org/web/20230806154131/https://www.cbc.ca/news/business/postmedia-nordstar-1.6902175 |archive-date=August 6, 2023 |access-date=August 6, 2023 |website=CBC News}}</ref>
On May 27, 2024, Postmedia announced that it would sell the ''Winnipeg Sun'', the Portage la Prairie ''Graphic Leader'', ''Kenora Miner and News'', and company's Winnipeg printing operations to politician and former ''Sun'' publisher Kevin Klein.<ref>{{Cite web |date=2024-05-27 |title=Postmedia selling the Winnipeg Sun, the Graphic Leader, and Kenora Miner & News |url=https://www.ctvnews.ca/winnipeg/article/postmedia-selling-the-winnipeg-sun-the-graphic-leader-and-kenora-miner-news/ |access-date=2024-05-27 |website=CTV News Winnipeg |language=en}}</ref><ref>{{Cite web |last=Froese |first=Ian |date=May 27, 2024 |title=Former PC cabinet minister Kevin Klein buying Winnipeg Sun from Postmedia |url=https://www.cbc.ca/news/canada/manitoba/kevin-klein-winnipeg-sun-purchase-postmedia-1.7215883 |access-date=May 27, 2024 |website=CBC News}}</ref>
In July 2024, the company entered into an agreement to acquire SaltWire Network.<ref>{{Cite web |last=Yarr |first=Kevin |last2=Walton |first2=Victoria |date=Jul 26, 2024 |title=Postmedia enters agreement to buy SaltWire chain of newspapers |url=https://www.cbc.ca/news/canada/prince-edward-island/pei-postmedia-saltwire-purchase-1.7276321 |access-date=July 26, 2024 |website=CBC News}}</ref> During the first week of December 2024, Postmedia rebranded Saltwire as '''PNI Atlantic News''', with their websites changing to look like the parent company's other newspapers.<ref name = "PNI Atlantic News"> {{Cite news | author = PNI Staff | title = Note to readers | work = Cape Breton Post | publisher = PNI Atlantic News | location = Toronto | date = December 5, 2024 | url = https://www.saltwire.com/atlantic-canada/note-to-readers
| access-date = December 20, 2024 | archive-url = https://web.archive.org/web/20241220220742/https://www.saltwire.com/atlantic-canada/note-to-readers | archive-date = December 20, 2024 | url-status = live }}</ref>
== Operating branch == Postmedia News is the news branch of Postmedia Network, providing similar content to all of its subsidiary news outlets and websites. It is identified as a source on all of its subsidiary newspapers.<ref>{{cite web |title=Postmedia News {{!}} National Post |url=https://nationalpost.com/author/postmedianews/ |website=National Post |access-date=24 October 2020 |language=en-CA |archive-date=May 9, 2024 |archive-url=https://web.archive.org/web/20240509061749/https://nationalpost.com/author/postmedianews/ |url-status=live }}</ref> The news agency provides news, sports, entertainment, photography, financial and feature information and data to Postmedia Network's Canadian newspapers, online properties and a number of third party clients in Canada and the United States.{{Citation needed|date=October 2020}}
== Criticism ==
=== Ties to right wing politics === In October 2018, in an opinion piece for National Observer, Davide Mastracci reported that CEO Andrew MacLeod had declared Postmedia's publication, the ''National Post,'' "insufficiently conservative". It was reported that in June 2019, Kevin Libin, who helped defeat a union drive at the ''National Post'' earlier that year, took the role of "executive editor (politics)" to "oversee or run federal political coverage in the ''Post'' as well as federal and provincial coverage in all of the chain’s metro daily broadsheets." Mastracci and Sean Craig of Canadaland argued this was to ensure the newspapers became more "'reliably' conservative."<ref name="Canadaland">{{cite web |last=Yelland |first=Tannara |date=June 6, 2018 |title=How Postmedia Defeated A Union Drive At The National Post |url=https://www.canadaland.com/how-postmedia-defeated-a-national-post-union/ |url-status=live |archive-url=https://web.archive.org/web/20201024045744/https://www.canadaland.com/how-postmedia-defeated-a-national-post-union/ |archive-date=October 24, 2020 |access-date=2020-10-23 |work=CANADALAND}}</ref><ref name="National Observer">{{cite web |date=August 27, 2019 |title=Postmedia's employees should stand up to their right-wing bosses |url=https://www.nationalobserver.com/2019/08/27/opinion/postmedias-employees-should-stand-their-right-wing-bosses |access-date=2020-10-23 |work=National Observer |archive-date=November 7, 2020 |archive-url=https://web.archive.org/web/20201107234343/https://www.nationalobserver.com/2019/08/27/opinion/postmedias-employees-should-stand-their-right-wing-bosses |url-status=live }}</ref><ref name=":1">{{Cite web |last=Subramanian |first=Sarmishta |date=August 6, 2019 |title=The new worry about the next election: your daily news |url=https://www.macleans.ca/politics/ottawa/the-new-worry-about-the-next-election-your-daily-news/ |url-status=live |archive-url=https://web.archive.org/web/20191217005152/https://www.macleans.ca/politics/ottawa/the-new-worry-about-the-next-election-your-daily-news/ |archive-date=December 17, 2019 |access-date=2020-01-01 |website=Maclean’s Magazine}}</ref>
In November 2019, Postmedia announced that 66% of its shares were now owned by Chatham Asset Management, an American media conglomerate which owns American Media, Inc. and is known for its close ties to the Republican party.<ref name=q1fin>{{cite web |title=Postmedia Fiscal 2020 Q1 financial report |url=http://www.postmedia.com/wp-content/uploads/2020/01/Postmedia-Network-Canada-Corp-Q1-F2020-Report-FINAL-.pdf.pdf |url-status=live |archive-url=https://web.archive.org/web/20211124120620/https://www.postmedia.com/wp-content/uploads/2020/01/Postmedia-Network-Canada-Corp-Q1-F2020-Report-FINAL-.pdf.pdf |archive-date=November 24, 2021|access-date=February 16, 2020}}</ref><ref>{{Cite news |date=2018-08-30 |title=Behind Trump Tabloid King, a Connected and Flush Hedge Fund |work=Bloomberg |url=https://www.bloomberg.com/news/articles/2018-08-30/behind-trump-s-tabloid-king-a-connected-and-flush-hedge-fund |access-date=2020-02-15 |archive-date=December 20, 2019 |archive-url=https://web.archive.org/web/20191220180211/https://www.bloomberg.com/news/articles/2018-08-30/behind-trump-s-tabloid-king-a-connected-and-flush-hedge-fund |url-status=live }}</ref>
=== Centralization Operations === The creation of the Postmedia Network effectively concentrates more than 90 percent of all Canadian dailies and weeklies in one company, a fact lamented by J-Source, a Canadian media watchdog, in a 2015 online article.<ref name="J-Source">{{cite web |last=Baluja |first=Tamara |date=November 29, 2013 |title=Diversity of Media Ownership Literally Non-existent in Canada |url=https://j-source.ca/diversity-of-media-ownership-literally-non-existent-in-canada/ |url-status=live |archive-url=https://web.archive.org/web/20220708032719/https://j-source.ca/diversity-of-media-ownership-literally-non-existent-in-canada/ |archive-date=July 8, 2022 |access-date=2019-08-16 |website=J-Source}}</ref>
Margo Goodhand, a former ''Edmonton Journal'' editor-in-chief'','' wrote in a 2016 ''Walrus'' article that Postmedia executives were behind the outsourcing of Postmedia content to a site within an office in Canada for the sake of producing “''Regina Leader-Post'' sports pages, Arts fronts for the ''Montreal Gazette'', editorial pages for the ''Vancouver Sun''”.<ref name=":1" /><ref>{{Cite web |last=Goodh |first=Margo |date=2016-02-04 |title=Above the Fold |url=https://thewalrus.ca/above-the-fold/ |access-date=2020-01-01 |website=The Walrus |language=en-US |archive-date=January 1, 2020 |archive-url=https://web.archive.org/web/20200101202851/https://thewalrus.ca/above-the-fold/ |url-status=live }}</ref> In a 2020 article by ''The New York Times'', it was reported journalists had attested that since Chatham Asset Management took over, Postmedia had centralized operations and cut staff so that its 106 newspapers were essentially clones of one another.<ref name="nyt-chatham">{{cite news |last1=Lee |first1=Edmund |date=July 16, 2020 |title=Under Hedge Fund Set to Own McClatchy, Canadian Newspapers Endured Big Cuts |work=The New York Times |url=https://www.nytimes.com/2020/07/16/business/media/hedge-fund-chatham-mcclatchy-postmedia-newspapers.html |access-date=May 1, 2022 |archive-date=April 18, 2022 |archive-url=https://web.archive.org/web/20220418204417/https://www.nytimes.com/2020/07/16/business/media/hedge-fund-chatham-mcclatchy-postmedia-newspapers.html |url-status=live }}</ref>
=== Relationship with the government === On November 27, 2018, The Competition Bureau applied for a court evaluation contesting Postmedia's claims of solicitor-client privilege, for records seized by the bureau during raids at the company's offices.<ref>{{Cite news |last=Carney |first=Bryan |date=February 5, 2019 |title=Torstar (Again) Blocks Release of Evidence in Conspiracy Case |url=https://thetyee.ca/News/2019/02/05/Torstar-Blocks-Release-of-Evidence/ |url-status=live |archive-url=https://web.archive.org/web/20190306111319/https://thetyee.ca/News/2019/02/05/Torstar-Blocks-Release-of-Evidence/ |archive-date=March 6, 2019 |access-date=March 4, 2019 |work=The Tyee}}</ref> In March 2018, the Competition Bureau issued a court filing accusing Postmedia and Torstar of structuring the deal they made together with no-compete clauses in an effort to reduce competition in the newspaper industry in violation of the ''Competition Act''.<ref>{{Cite news |last=Jackson |first=Emily |date=March 22, 2018 |title=Competition Bureau's concerns over Postmedia-Torstar newspaper swap revealed in court filing |url=http://business.financialpost.com/telecom/media/competition-bureaus-concerns-over-postmedia-torstar-newspaper-swap-revealed-in-court-filing |url-status=live |archive-url=https://web.archive.org/web/20180406163952/http://business.financialpost.com/telecom/media/competition-bureaus-concerns-over-postmedia-torstar-newspaper-swap-revealed-in-court-filing |archive-date=April 6, 2018 |access-date=April 6, 2018 |work=Financial Post |language=en-US}}</ref><ref>{{Cite news |last=Milstead |first=David |date=March 22, 2018 |title=Torstar, Postmedia and the arrogance of the deal |url=https://www.theglobeandmail.com/report-on-business/rob-commentary/torstar-postmedia-and-the-arrogance-of-the-deal/article38336159/ |url-status=live |archive-url=https://web.archive.org/web/20180405001044/https://www.theglobeandmail.com/report-on-business/rob-commentary/torstar-postmedia-and-the-arrogance-of-the-deal/article38336159/ |archive-date=April 5, 2018 |access-date=April 6, 2018 |work=The Globe and Mail}}</ref>
According to Marc Edge, author of ''The Postmedia Effect'', the network received $9.9 million in government financial assistance in 2022. In the same year, Postmedia's operating income was only $13 million.<ref name="Edge_20230613">{{cite news |last=Edge |first=March |date=June 13, 2023 |title=Postmedia is in a crash dive – Ottawa should let it decline |work=The Globe and Mail |url=https://www.theglobeandmail.com/business/commentary/article-postmedia-is-in-a-crash-dive-ottawa-should-let-it-decline |access-date=June 15, 2023 |archive-date=June 14, 2023 |archive-url=https://web.archive.org/web/20230614142509/https://www.theglobeandmail.com/business/commentary/article-postmedia-is-in-a-crash-dive-ottawa-should-let-it-decline/ |url-status=live }}</ref>
=== Treatment of staff === In 2016, Paul Godfrey took a $900,000 bonus during a time when Postmedia laid off staff company-wide.<ref>{{Cite news |last=Bradshaw |first=James |date=November 23, 2016 |title=Postmedia executives receive $2.3-million in retention bonuses |url=https://www.theglobeandmail.com/report-on-business/postmedia-executives-receive-23-million-in-bonuses/article33009649/ |url-status=live |archive-url=https://web.archive.org/web/20220708032718/https://www.theglobeandmail.com/report-on-business/postmedia-executives-receive-23-million-in-bonuses/article33009649/ |archive-date=July 8, 2022 |access-date=2019-08-16 |work=The Globe and Mail}}</ref> CFO Doug Lamb received $450,000, COO Andrew MecLeod $425,000, legal and general counsel Jeffrey Harr $300,000, and National Post president Gordon Fisher $200,000. Unions representing Canadian journalists wanted the Postmedia executives to reject the total $2,275,000 as the newspaper chain continued to cut staff.<ref>{{cite news |last =Woodhouse |first =Kristin |title =Unions demand Postmedia executives reject $2.3 million in bonuses |url =https://vancouver.citynews.ca/2016/11/24/unions-demand-postmedia-executives-reject-2-3-million-bonuses/ |website =vancouver.citynews.ca |date =November 24, 2016 |access-date =Jan 18, 2023 |archive-date =January 18, 2023 |archive-url =https://web.archive.org/web/20230118212719/https://vancouver.citynews.ca/2016/11/24/unions-demand-postmedia-executives-reject-2-3-million-bonuses/ |url-status =live }}</ref>
=== Decline of journalistic quality === In 2015, the Globe and Mail reported that National Post columnist Conrad Black, who used to own some of Postmedia's newspapers and is one of Postmedia's largest investors, told executives that he felt that some of the properties' qualities have deteriorated.<ref name=":3">{{Cite news |date=2015-07-09 |title=Postmedia reports major drop in revenues, Conrad Black scolds leaders |url=https://www.theglobeandmail.com/report-on-business/postmedia-reports-wider-loss-as-advertising-circulation-revenues-weaken/article25386520/ |access-date=2025-04-13 |work=The Globe and Mail |language=en-CA}}</ref><ref>{{Cite web |last=Livesey |first=Bruce |date=2015-11-24 |title=The tawdry fall of the Postmedia newspaper empire {{!}} Canada's National Observer: Climate News |url=https://www.nationalobserver.com/2015/11/24/news/tawdry-fall-postmedia-newspaper-empire |access-date=2025-04-13 |website=www.nationalobserver.com |language=en}}</ref> Black felt that the company should be investing on improving the quality of its properties.<ref name=":3" />
==Assets==
===Advertising=== * The Flyer Force * Go!Local
===Publishing===
==== Broadsheet dailies and weeklies ==== *''National Post'' *''Financial Post'' (administratively part of the National Post) *''Belleville Intelligencer'' *''Brantford Expositor'' *''Calgary Herald'' *''Cape Breton Post'' *''The Chatham Daily News'' *''The Chronicle Herald'' (Halifax) *''Cornwall Standard Freeholder'' *''Edmonton Journal'' *''Kingston Whig-Standard'' *''London Free Press'' *''The Gazette'' (Montreal) *''North Bay Nugget'' *''Ottawa Citizen'' *''Regina Leader-Post'' *''The StarPhoenix'' (Saskatoon) *''Sault Star'' *''The Telegram'' *''The Telegraph-Journal'' *''Timmins Daily Press'' *''Vancouver Sun'' (not related to the tabloid ''Sun'' newspapers also owned by Postmedia) *''Windsor Star''
==== Tabloid dailies ==== *''Calgary Sun'' *''Edmonton Sun'' *''Ottawa Sun'' *''Sudbury Star'' *''The Province'' (Vancouver) *''Toronto Sun''
==== Community newspapers ==== Postmedia owns newspapers that serve smaller communities across Canada, including: *''Airdrie Echo'' (tabloid) *''Bow Valley Crag and Canyon'' (tabloid) *''Brockville Recorder and Times'' (broadsheet) *''Chatham This Week'' (tabloid) *''Clinton News-Record'' (tabloid) *''Cochrane Times (Alberta)'' (tabloid) *''Cochrane Times-Post'' (tabloid) *''Cold Lake Sun'' (tabloid) *''Drayton Valley Western Review'' (tabloid) *''Edson Leader'' (tabloid) *''Elliot Lake Standard'' (tabloid) *''Fort McMurray Today'' (tabloid) *''Fort Saskatchewan Record'' (tabloid) *''Goderich Signal-Star'' (tabloid) *''Grande Prairie Daily Herald-Tribune'' (tabloid) *''Hanna Herald'' (tabloid) *''High River Times'' (tabloid) *''Hinton Parklander'' (tabloid) *''Kincardine News'' (tabloid) *''Kingston This Week'' (tabloid) *''Lakeshore Advance'' (Grand Bend; tabloid) *''Leduc Representative'' (tabloid) *''Lloydminster Meridian Booster'' (tabloid) ''sold to Lloydminster Source Ltd'' *''Mid-North Monitor'' (Espanola; tabloid) *''Mayerthorpe Freelancer'' (tabloid) *''Nanton News'' (tabloid) *''Owen Sound Sun Times'' (broadsheet) *''Peace River Record-Gazette'' (broadsheet) *''Pincher Creek Echo'' (tabloid) *''Red River Valley Echo'' (tabloid) closed 2020 *''Sarnia Observer'' (broadsheet) *''Sherwood Park News'' (tabloid) *''Simcoe Reformer'' (tabloid) *''St. Thomas Times-Journal'' (tabloid) *''Stratford Beacon Herald'' (broadsheet) *''Vulcan Advocate'' (tabloid) *''Vermilion Standard'' (tabloid) *''Whitecourt Star'' (tabloid) *''Winkler Times'' (tabloid) *''Woodstock Sentinel-Review'' (broadsheet)
====Former assets==== * ''24 Hours'' (Toronto, Vancouver) sold to Torstar and closed, 2017<ref name=torstar>{{cite web|url=https://business.financialpost.com/telecom/media/postmedia-and-torstar-swap-41-newspapers-most-to-close-291-jobs-lost|title='The alarm bells should go off:' Postmedia, Torstar deal will see 36 community papers closed - Financial Post|last1=Telecom|last2=Media|date=November 27, 2017|access-date=March 23, 2019|archive-date=March 24, 2019|archive-url=https://web.archive.org/web/20190324232653/https://business.financialpost.com/telecom/media/postmedia-and-torstar-swap-41-newspapers-most-to-close-291-jobs-lost|url-status=live}}</ref> *''Barrie Examiner'' sold to Torstar and closed, 2017<ref name=torstar/> *''Bradford Times'' (tabloid) sold to Torstar and closed, 2017<ref name=torstar/> *''Camrose Canadian'' (tabloid), closed 2018 *''Collingwood Enterprise Bulletin'' sold to Torstar and closed, 2017<ref name=torstar/> *''Niagara Falls Review'' (broadsheet) sold to Torstar, 2017 *''Norwich Gazette'', closed 2018 *''Orillia Packet & Times'' (broadsheet) sold to Torstar and closed, 2017<ref name=torstar/> *''Pembroke Daily Observer'' (broadsheet), ceasing print edition 2018 *''Peterborough Examiner'' (broadsheet) sold to Torstar, 2017 *''St. Catharines Standard'' (broadsheet) sold to Torstar in 2017 *''Strathmore Standard'' (tabloid), closed 2018
====Magazines==== *''Financial Post Business'' *''Living Windsor'' *''Muskoka Magazine'' *''Kingston Life Magazine'' *''Interiors Magazine'' *''Backpack Magazine'' *''Cannabis Post'' *''Muskoka Visitor Guide'' *''Ontario Farmer Magazines'' (Hog, Beef, Dairy) *''TVtimes''
====Online==== * Canada.com * Infomart.com * Canoe.com * celebrating.com * connecting.com * driving.ca * househunting.ca * remembering.ca * shoplocal.ca * SwarmJam.com
In addition, Postmedia Network owns all websites associated with all properties listed on this page either wholly or in partnership.
===Software=== * QuickTrac * QuickWire
==See also== Other media groups in Canada include: * {{annotated link|Quebecor Media}} * {{annotated link|SaltWire Network}} * TC Transcontinental * {{annotated link|The Woodbridge Company}} * {{annotated link|Torstar}} ** {{annotated link|Metroland Media Group}} ** Star Media Group
===Related articles=== * History of Canadian newspapers * Media of Canada
== References == {{Reflist}}
==External links== {{commons category|Postmedia Network}} *{{official website|https://www.postmedia.com/}} *[https://www.canada.com Canada.com web portal]
{{Postmedia}} {{Canadian journalism}}
* Category:Companies listed on the Toronto Stock Exchange Category:Mass media companies established in 2010