02:44:40 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Postmedia Network Canada Corp (2)
Symbol PNC
Shares Issued 98,746,182
Close 2023-08-10 C$ 1.52
Market Cap C$ 150,094,197
Recent Sedar Documents

Globe says Postmedia sees another newspaper close down

2023-08-14 07:59 ET - In the News

Also In the News (C-BCE) BCE Inc (2)
Also In the News (C-QBR) Quebecor Inc

The Globe and Mail reports in its Monday edition that the abrupt closing of Metro Media, which had about 20 publications in Montreal and Quebec City, has prompted renewed concern about local news coverage. The Globe's Frederik-Xavier Duhamel writes that Andrew Mule, the company's chief executive officer, announced Friday "the immediate suspension of Metro's operations, all our newspapers and our community websites." He blamed Montreal's decision to end the distribution of the Publisac, which included Metro's free newspapers and merchant flyers, to residents' doors this year, as well as the lack of financial support for Metro's digital transition. Montreal Mayor Valerie Plante called losing Metro a big loss on X, the social media platform formerly known as Twitter, but she did not address Mr. Mule's claim that scrapping Publisac led to the closing. Mr. Mule responded to her post by saying: "The beauty of communicating on social media is total control of the message when you publish it, without the need for independent fact-checking. Good luck with that Montreal." The Postmedia chain and Quebecor's Journal de Montreal, have cancelled print editions. Postmedia, Bell and Quebecor also cut hundreds of positions this year.

© 2024 Canjex Publishing Ltd. All rights reserved.