Mr. Andrew MacLeod of Postmedia reports

POSTMEDIA PAUSES DIRECT COMPANY ADVERTISING ON META PLATFORMS

Adding to the wave of support for the Canadian news industry in the face of the unfair actions of dominant digital players, Postmedia Network Canada Corp. has paused all direct company advertising on Meta platforms, including Facebook and Instagram.

"Our government recently made important steps by passing the Online News Act," said Andrew MacLeod, president and chief executive officer, Postmedia. "There is no greater proof of the critical need for this law at this time than the actions taken upon its passing. We hope to work together to ensure that all parties can do what the Online News Act allows for, to bargain fairly, level the playing field and preserve journalism in Canada."

About Postmedia Network Inc.

Postmedia Network, a wholly owned subsidiary of Postmedia Network Canada Corp., is a Canadian news media company representing more than 130 brands across multiple print, on-line and mobile platforms. Award-winning journalists and innovative product development teams bring engaging content to millions of people every week whenever and wherever they want it. This exceptional content, reach and scope offer advertisers and marketers compelling solutions to effectively reach target audiences.