There is no evidence to support that position. [5] In October 2018, it was reported that CEO Andrew MacLeod declared the company "insufficiently conservative" which resulted in Kevin Libin, who played an active role in defeating a union drive at the paper earlier that year [6], to take charge of all political reporting and analysis in Postmedia newspapers to ensure the newspapers became more “reliably conservative". The first lien holders will get $78 million in cash to reduce their exposure. It will also cease printing the Portage Daily Graphic in Portage La Prairie, Manitoba, the Northern News in Kirkland Lake, Ontario, and The 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. [18][19], In March 2018, the Competition Bureau issued a court filing accusing the two companies of structuring the deal with no-compete clauses in an effort to reduce competition in the newspaper industry, in violation of the Competition Act. Factual Reporting: HIGH When subscribing to a newsletter edition you'll also get early notice on Tyee events, news, promotions, partner messages and special initiatives. In 1897 he bought up many other papers including the Calgary Herald, the Ottawa Citizen, Vancouver's The Province and many more.

Measures have been enacted to ensure the integrity of personal information and to protect it from misuse, loss or alteration. Postmedia is controlled by quick-buck hedge funds in the U.S. [20][21], 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. In review, The National Post publishes news about Canada and the World. They continue to employ large numbers of journalists and reach large numbers of readers, in print and online. These sources are generally trustworthy for information, but may require further investigation. [15][16], 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.

And the bleeding continues. See all Right-Center sources. Postmedia paid $303 million for Quebecor's 170-plus publications alone less than two years ago.). In addition, it focuses on coverage of federal and provincial politics within all of the dailies owned by Postmedia. This is a crisis situation". The Postmedia sale opens the door -- slightly -- and gives citizens the chance to press for a different future for Canada's newspapers. [5] This began with a revamp and redesign of the Ottawa Citizen, which debuted in 2014. Editorially, Post Media mostly supports the consensus of science with climate change but does present doubts. LET US KNOW HERE. Under Hollinger control, Southam made many acquisitions, including many of the Canadian print media holdings of Thomson Newspapers. Leading this group is New York-based GoldenTree Asset Management, which alone controls 35 per cent of Postmedia. But this week's move gives the hedge fund lenders new shares equal to 98 per cent of the shares outstanding, further reducing the proportion of shares held by Canadians. Postmedia will, of course, warn that newspapers would close and jobs would be lost if it couldn't claim to be a Canadian company. Overall, we rate National Post Right-Center Biased based on story selection that favors the right and High for factual reporting due to proper sourcing and a clean fact check record. [10] The group completed a $1.1 billion transaction to acquire the chain from Canwest on July 13, 2010. Postmedia, which owns the Sun, Province, and 24 Hours in Vancouver and 170-plus newspapers across the country, has been stumbling toward insolvency. [11] The acquisition was approved by the Competition Bureau on March 25, 2015,[13] and closed on April 13. In a press release he stated that "the continuing costs of producing dozens of small community newspapers in these regions in the face of significantly declining advertising revenues means that most of these operations no longer have viable business models."[5].

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