Although Postmedia, owner of the Financial Post and more than 120 media properties across Canada, reported a $3.4 million or 14.5 per cent gain in digital revenue in the three-month period that ended Feb. 28, both print circulation and print advertising declined, by $5.3 million or 12.4 per cent and $1.9 million or 5.2 per cent, respectively.
Andrew MacLeod, chief executive of Postmedia, said the economy is still in the early stages of a post-pandemic recovery. He said the arrival of the Omicron variant this winter and subsequent shutdowns, caused the economy to stall and affected second-quarter results.Article content
Could it be postmedias continually deteriorating content and replacement of actual news with OpEds? No, no. Must be COVID
Good!
Great! Maybe their foreign owners will sell.
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