Postmedia sheds costs with shift to Hamilton
As the industry confronts a prolonged slump in advertising, Postmedia has moved aggressively to shore up its balance sheet and centralize the production of its newspapers.
The newspaper chain’s approach will be closely watched by other publishers across the country, who are having trouble growing digital revenues fast enough to make up for losses in print revenues.
Its plans have come into sharper focus this week.
Just a day after the Edmonton Journal said it would outsource the printing of the newspaper, The Gazette in Montreal said Tuesday that it would begin using centralized pages for its national and international coverage, and shrink to two sections.