Kalpana Kalpana (Editor)

Postmedia Network

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Type  Public
Industry  Newspaper publishing
Website  Postmedia Network
Revenue  750.3 million CAD (2015)
Founded  2010
Predecessor  Canwest
Traded as  TSX: PNC.A, PNC.B
Products  Newspapers
Headquarters  Toronto, Canada
Founder  Paul Godfrey
Number of employees  4,733
Postmedia Network wwwpostmediacomwpcontentthemespostmediacomm
Key people  Paul Godfrey - President
Subsidiaries  Financial Post DataGroup
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Postmedia network pnc a tsx pnc b tsx opens toronto stock exchange july 19 2011


Postmedia Network Canada Corporation (also known as Postmedia Network or Postmedia) is a Canadian media company headquartered in Toronto, Ontario, consisting of the publishing properties of the former Canwest, with primary operations in newspaper publishing, news gathering and Internet operations.

Contents

The ownership group was assembled by National Post CEO Paul Godfrey in 2010 to bid for the chain of newspapers being sold by the financially troubled Canwest (the company's broadcasting assets were sold separately to Shaw Communications). Godfrey secured financial backing from a U.S. private-equity firm, the Manhattan-based hedge fund GoldenTree Asset Management—which owns 35 per cent—as well as other investors. The group completed a $1.1 billion transaction to acquire the chain from Canwest on July 13, 2010. The company has over 4,700 employees. The company's shares were listed on the Toronto Stock Exchange in 2011.

The company's strategy has seen its publications invest greater resources in digital news gathering and distribution, including expanded websites and digital news apps for smartphones and tablets. This began with a revamp and redesign of the Ottawa Citizen, which debuted in 2014.

Postmedia network canada


History

On July 13, 2010 the Manhattan-based hedge fund, Golden Tree Asset Management acquired the Asper family’s bankrupt CanWest media empire for $1.1 billion.

Acquisitions and mergers

On October 6, 2014, Postmedia's CEO Godfrey announced a deal to acquire the English-language operations of Sun Media. The purchase received regulatory approval from the federal Competition Bureau on March 25, 2015, even though the company manages competitive papers in several Canadian cities; while the Sun Media chain owns numerous other papers, four of its five Sun-branded tabloids operate in markets where Postmedia already publishes a broadsheet competitor. Board chair Rod Phillips has cited the Vancouver market, in which the two main daily newspapers, the Vancouver Sun and The Province, have had common ownership for over 30 years, as evidence that the deal would not be anticompetitive. The purchase did not include Sun Media's now-defunct Sun News Network. The acquisition was approved by the Competition Bureau on March 25, 2015., and closed on April 13.

Advertising

  • The Flyer Force
  • Go!Local
  • Newspapers

    National
  • National Post
  • Broadsheet dailies
  • Calgary Herald
  • Edmonton Journal
  • London Free Press
  • Montreal Gazette
  • Ottawa Citizen
  • Regina Leader-Post
  • The StarPhoenix (Saskatoon)
  • The Vancouver Sun (not related to the tabloid Sun newspapers also owned by Postmedia)
  • Windsor Star
  • Tabloid dailies
  • Calgary Sun
  • Edmonton Sun
  • Ottawa Sun
  • The Province (Vancouver)
  • Toronto Sun
  • Winnipeg Sun
  • Free dailies
  • 24 Hours (Toronto, Vancouver)
  • Community newspapers

    Postmedia owns newspapers that serve smaller communities across Canada, including:

  • Barrie Examiner (broadsheet)
  • Belleville Intelligencer (broadsheet)
  • Brantford Expositor (broadsheet)
  • Bradford Times (tabloid)
  • Brockville Recorder and Times (broadsheet)
  • Camrose Canadian (tabloid)
  • Chatham This Week (tabloid)
  • Clinton News-Record (tabloid)
  • Cochrane Times-Post (tabloid)
  • Cornwall Standard Freeholder (broadsheet)
  • Drayton Valley Western Review (tabloid)
  • Edson Leader (tabloid)
  • Elliot Lake Standard (tabloid)
  • Fort McMurray Today (tabloid)
  • Fort Saskatchewan Record (tabloid)
  • Grande Prairie Daily Herald-Tribune (tabloid)
  • Hinton Parklander (tabloid)
  • Kenora Daily Miner and News (broadsheet)
  • Kincardine News (tabloid)
  • Kingston Whig-Standard (broadsheet)
  • Kingston This Week (tabloid)
  • Lakeshore Advance (Grand Bend; tabloid)
  • Lloydminster Meridian Booster (tabloid)
  • Mid-North Monitor (Espanola; tabloid)
  • Mayerthorpe Freelancer (tabloid)
  • Niagara Falls Review (broadsheet)
  • North Bay Nugget (broadsheet)
  • Norwich Gazette
  • Orillia Packet & Times (broadsheet)
  • Owen Sound Sun Times (broadsheet)
  • Pembroke Daily Observer (broadsheet)
  • Peterborough Examiner (broadsheet)
  • Pincher Creek Echo (tabloid)
  • Sault Star (broadsheet)
  • Simcoe Reformer (tabloid)
  • St. Catharines Standard (broadsheet)
  • St. Thomas Times-Journal (tabloid)
  • Stratford Beacon Herald (broadsheet)
  • Sudbury Star (broadsheet)
  • Timmins Daily Press (broadsheet)
  • Whitecourt Star (tabloid)
  • Woodstock Sentinel-Review (broadsheet)
  • Magazines

  • Financial Post Business
  • Living Windsor
  • Swerve
  • TVtimes
  • Online

  • Canada.com
  • celebrating.com
  • connecting.com
  • driving.ca
  • househunting.ca
  • remembering.ca
  • shoplocal.ca
  • SwarmJam.com
  • Infomart.com
  • in addition, Postmedia Network owns all websites associated with all properties listed on this page either wholly or in partnership.
  • Software

  • QuickTrac
  • QuickWire
  • Other properties

  • Postmedia News
  • A decades-long heated rivalry and circulation war began 1950s and 1960s between the Liberal/left/socialist Toronto Star and the "steadfastly Conservative, Royalist and right-wing" Toronto Telegram, located on Bay and Melinda St. and owned in the early 1950s by a "wealthy deal-maker named George McCullagh."

    References

    Postmedia Network Wikipedia


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